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Ullico Inc. is a privately held insurance and financial services holding company in the United States.Formerly known as Union Labor Life Insurance Company, it was founded in 1927 [1] by the American Federation of Labor (AFL) and its then president, Samuel Gompers, to offer health and life insurance products specifically to working men and women.
In July 1998, an anonymous French whistle-blower told the California Insurance Department that Crédit Lyonnais was the real buyer of the insurance company and controlled it through secret agreements. In early 1999, the California Insurance Department sued the bank and other parties, alleging fraud and seeking $2 billion in restitution. [4]
The firm since launch has primarily been focused on the representation of emerging technology companies and venture capitalists. [citation needed] Lawrence W. "Larry" Sonsini joined the firm in 1966 and after McCloskey left for Congress the firm became Wilson, Mosher & Sonsini. In 1969, the firm helped form Mayfield Fund, a venture capital firm ...
To understand why the insurance industry is spiraling in California, consider Proposition 103. Passed by voters in 1988, the law was meant to protect consumers by preventing insurers from ...
"State Farm to pull out of 72,000 California insurance policies," blared a Reinsurance News headline. State Farm provides nearly 21 percent of state homeowner policies, so this is big news.
Hedge fund firms in California (13 P) Y. Y Combinator (3 C, 2 P) Pages in category "Financial services companies based in California" ... CSE Insurance Group; D.
California's Department of Insurance released rules meant to encourage insurers to write more policies in high-fire-risk areas by using computer modeling.
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.