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DIR Press Release re Superior Takeover

Friday, March 3, 2000 | 134 | 0 | min read

SACRAMENTO, Calif.--'Our top priority of consumer protection is first achieved by ensuring companies operating in California are solvent and financially able to pay claims'. California Insurance Commissioner Chuck Quackenbush issued a Seizure Order this morning to take control of Superior National Insurance Group, one of California's largest workers' compensation insurers. The Superior Group is comprised of five companies with assets of $730 million and a 1999 premium income of $240 million. Four of the companies have been seized by California regulators, including California Compensatio...

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