Superior Nat'l Takeover

This was reported by the WorkComp Executive Friday 3/3/00 in a series of releases. The following is a condensation of those reports: CALABASAS - The Department of Insurance on Friday 3/3/00 stepped in and seized the largest private workers' comp carrier in the state, Superior National Insurance Group Inc. DIR says that the company held a surplus of 'about zero' and faces a shortfall in funds as high as $300 Million. Executives including Bill Gentz, J. Chris Seaman, Bob Nagle, and Arnold Senter had their security cards pulled and were sent home at 8 Am Friday. It's been confirmed by ...