California Puts Former Berkshire Insurance Unit Under State Control

California Insurance can’t cancel any existing insurance policies and can only issue new policies with the conservator’s consent

California regulators seized an insurer formerly owned by Warren Buffett’s Berkshire Hathaway Inc., the latest twist in a continuing dispute about whether its sale of the company violated that state’s insurance regulations.

The California Department of Insurance said Tuesday that California Insurance Co., one of the insurance companies owned by workers’ compensation insurer Applied Underwriters, has been placed under state conservatorship. The regulator said the move came “in response to the company’s willful violation of...

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