This story is reprinted with permission from FC&&S Legal, the industry's only comprehensive digital resource designed for insurance coverage law professionals. Visit the website to subscribe.
W.R. Berkley Corporation entities and operating units have reached a $12 million settlement with the California Department of Insurance (CDI).
Admiral Insurance Company, Admiral Risk Insurance Services, Inc. n/k/a/ BXM Insurance Services, Inc., and other entities agreed to settle allegations of licensing violations and unlawfully transacting surplus line insurance in California.
|Consumer protection laws
"Businesses and individual consumers should have confidence that companies selling insurance in California are doing so in compliance with our consumer protection laws," said Dave Jones, the commissioner of the CDI. "Our enforcement action has resulted in Admiral and W.R. Berkley Corporation paying a substantial monetary settlement for their licensing violations and ensures that they are now complying with all of California's insurance laws and regulations. Failure to continue compliance will result in additional automatic penalties and sanctions."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.