Calif. orders Golden Eagle to add $138M.(Insurance Commissioner Chuck Quackenbush orders insurer to raise reserves): An article from: National ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on September 23, 1996. The length of the article is 1045 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Liability insurer Golden Eagle Insurance Co. faces imminent investigation by the California Insurance Commission, after department examinations revealed a homeowners and earthquake policy that undermines Golden Eagle's solvency. The company's dubious premium-to-surplus ratios and a lack of sufficient loss reserves are also a point of contention for the commission, which is requiring a hearing for the insurer. The commission is demanding that Golden Eagle raise its reserves $138.5 million, which would render the company's surplus at $81.6 million through 1995.

Citation Details
Title: Calif. orders Golden Eagle to add $138M.(Insurance Commissioner Chuck Quackenbush orders insurer to raise reserves)
Author: Susanne Sclafane
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: September 23, 1996
Publisher: The National Underwriter Company
Issue: n39 Page: p4(2)

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