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Tuesday, April 30, 2013 FLASH REPORT! Failed Carrier's Deposit Was Underfunded
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New documents filed by the California Department of Insurance (CDI) indicate that failed carrier Ullico's statutory deposit for its California business was short by at least "$40-50 million" and this shortfall had been in existence for five months if not longer. |
Insurance
Written by Sterling Agency Insurance Services on May 9, 2013