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Insurer Declared Insolvent: State regulators have declared...

From Times Staff and Wire Reports

Insurer Declared Insolvent: State regulators have declared Pacific Standard Life Insurance Co. insolvent by $54 million and have ordered the Davis, Calif.-based insurer to stop conducting business. The California Department of Insurance said the company was being run “in a manner hazardous to its policyholders, creditors and the public.”


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