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California Department Of Corporations

BUSINESS
March 6, 1996 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
The California Insurance Department Tuesday sued a sister agency in a fracas over Lloyd's of London and allegations that the British insurance giant defrauded California investors. Insurance Commissioner Chuck Quackenbush filed a complaint in U.S. District Court in Los Angeles to block the state Corporations Department from freezing Lloyd's U.S. assets.
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BUSINESS
February 28, 1996 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
A lawsuit brought by the state Department of Corporations against Lloyd's of London last week inadvertently threatens the solvency of 15 California insurance companies and could weaken many others, state insurance regulators said Tuesday. Insurance Department officials criticized their counterparts at Corporations for not providing notice of their plans to sue the British insurance giant. The action "caught us completely off-guard," spokesman Richard Wiebe said Tuesday.
CALIFORNIA | LOCAL
January 26, 1996 | DAVID R. OLMOS and JEAN MERL, TIMES STAFF WRITERS
After a turbulent 2 1/2 years as the chief regulator of California's powerful managed health care industry, Gary S. Mendoza will join Mayor Richard Riordan's administration, sources said Thursday. Mendoza is to become deputy mayor in charge of economic development for Riordan. The economic development post is a highly important one in the Riordan administration, which has made improving Los Angeles' sagging business climate a top priority.
BUSINESS
December 1, 1995 | BARBARA MARSH, TIMES STAFF WRITER
A Superior Court judge, confirming that the state has broad powers to regulate health care plans, ordered a Cypress-based company to hand over records involving people who have complained about the company's health care. Judge John M. Watson issued the order Thursday against PacifiCare of California, which had resisted efforts last summer by the state Department of Corporations to gain access to files of health plan members. The company, a unit of PacifiCare Health Systems Inc.
BUSINESS
November 30, 1995 | BARBARA MARSH, TIMES STAFF WRITER
An Orange County Superior Court judge indicated Wednesday that he is inclined to grant the state partial access to internal records of a Cypress health-care company to determine whether the company needs more supervision. The Department of Corporations, which regulates health-maintenance organizations, demanded access to records of PacifiCare Health Systems Inc., saying the state had received numerous complaints from enrollees about the health care they were receiving through the company.
BUSINESS
November 29, 1995 | BARBARA MARSH, TIMES STAFF WRITER
A legal showdown between PacifiCare Health Systems Inc. and the state of California over the state's power to regulate health plans is expected today in Orange County Superior Court. PacifiCare is resisting a demand by the state Department of Corporations for access to internal records of the Cypress-based company's California health plan.
BUSINESS
November 9, 1995 | DAVID R. OLMOS, TIMES STAFF WRITER
As WellPoint Health Networks and Health Systems International officials met Wednesday to resolve disputes in their proposed merger, a state regulator sent a scolding letter to the firms saying there is "no legitimate reason" for delaying the $1.6-billion deal. The letter, sent Tuesday by California Department of Corporations Commissioner Gary Mendoza, indicates what problems have arisen in the deal: a dispute between the chief executives of the firms over management roles and compensation.
BUSINESS
October 27, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Investors in the First Pension Corp. scandal filed a $17-million lawsuit Thursday accusing the state Department of Corporations of failing to investigate the company's wrongdoing and failing to warn investors. The lawsuit, which alleges newly found instances of negligence, follows the state's recent rejection of a similar claim that the investors filed in June with the state as a prerequisite to filing a lawsuit.
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