INSURANCE

San Diego Insurer Ordered to Boost Reserves: The California Department of Insurance said Golden Eagle Insurance Co. must raise its financial reserves by $138.5 million by Nov. 15 to cover potential claims. The department could force Golden Eagle, which sells a variety of policies to consumers and businesses, to stop writing new policies if it fails to comply with the order or could put the company into receivership. Golden Eagle owner John C. Mabee disputed the department’s findings, saying the firm’s financial reserves are more than sufficient. Mabee said his company has begun legal proceedings to resolve the dispute after being unable to meet with Insurance Commissioner Chuck Quackenbush.