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W.R. Berkley Corporation entities and operating unitshave reached a $12 million settlement with the CaliforniaDepartment of Insurance (CDI). 

Admiral InsuranceCompany, Admiral Risk Insurance Services, Inc. n/k/a/ BXMInsurance Services, Inc., and other entities agreed to settleallegations of licensing violations and unlawfully transactingsurplus line insurance in California. 

Consumer protection laws

"Businesses and individual consumers should have confidence thatcompanies selling insurance in California are doing so incompliance with our consumer protection laws," said Dave Jones, thecommissioner of the CDI. "Our enforcement action has resulted inAdmiral and W.R. Berkley Corporation paying a substantial monetarysettlement for their licensing violations and ensures that they arenow complying with all of California's insurance laws andregulations. Failure to continue compliance will result inadditional automatic penalties and sanctions." 

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