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Industry: Email Alert RSS FeedCt. approves Golden Eagle plan.(California Department of Insurance, rehabilitation of Golden Eagle Insurance Co.)
National Underwriter Property & Casualty-Risk & Benefits Management, August, 1997 by Sclafane, Susanne
The California Department of Insurance declared it a ruling which "signals" the final step in the court-approved process of the seizure, conservation and rehabilitation of Golden Eagle Insurance Company." Liberty Mutual said, "[T]his means that the new Golden Eagle is ready to soar." But until New York-based American International Group reacted to California Superior Court Judge William Cahill's Aug.
4 decision approving a plan to rehabilitate San Diego-based Golden Eagle Insurance Company, pronouncements of a final chapter in the story -- or even of a new beginning -- seemed premature. And AIG's response appeared less than definitive. The statement begins: "Now that the California Superior Court has ruled on the rehabilitation of Golden Eagle...
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