STORY FROM: Reinsurance & Arbitration
Parties in Federal Applied Underwriters Dispute Reach Settlement in Principle
July 26, 2019
SACRAMENTO, Calif. — The parties to a dispute involving Applied Underwriters Inc.’s workers’ compensation program and related reinsurance participation agreement have told a California federal judge that they agreed in principle to settle the matter.
In a July 26 docket note, the U.S. District Court for the Eastern District of California said a scheduled mediation in the case never took place due to the parties’ agreement.
Shasta Linen Supply, Inc., Pet Food Express Ltd. and Alpha Polishing Inc. filed two separate actions against Applied Underwriters Inc. (AUI) and its affiliates Applied Underwriters Captive Risk Assurance Inc. (AUCRA), Applied Risk Services ...