Golden Eagle Settlement Finally Signed Off by Judge

By: Workers' Comp Executive

SAN FRANCISCO -- Like a "B" western coming to an end, all of the bickering has finally ceased in Golden Eagle Insurance Co. takeover and related court actions. San Francisco Superior Court Judge William Cahill has signed off on a "Global Settlement Agreement."Most significantly, John Mabee, the owner of Golden Eagle Insurance Company before it was seized and put into conservation, has agreed to pay back more than $69 million in loans he took out at Mesa Reinsurance, then a Golden Eagle affiliate.Th

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