Travelers Indemnity Co. v. Commissioner of Insurance of the State

HECHT, Justice.

In this case, an insurance company challenges an order of the commissioner of insurance finding the company charged an excessive premium to an assigned-risk policyholder. We reverse the commissioner’s order as it was based on a finding that is not supported by substantial evidence in the record.

I. Factual and Procedural Background.

With some exceptions not relevant in this case, Iowa employers are required by law to obtain insurance covering their liability for workers’ compensation benefits. See Iowa Code § 87.1 (2005). When an employer is “in good faith entitled to” obtain…