California Insurance Commissioner Ricardo Lara’s decision to place the assets of an insurance company under conservatorship was upheld by a 9th U.S. Circuit Court of Appeals panel Friday.
The panel sided with a decision by Senior U.S. District Judge William B. Shubb of Sacramento to reject a lawsuit by the insurer claiming its constitutional rights were violated when Lara got a San Mateo County judge to place it under his state agency’s co...
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