Old Golden Eagle Construction Defect Claims Keep Rolling in

SAN DIEGO -- It's been just more than three years since California's insurance commissioner, Chuck Quackenbush, ordered Golden Eagle Insurance Co. to increase reserves by $138 million. And owner John Mabee refused and then relented. The relent was too late.The Department of Insurance raided the company's offices, took control of the insurer, and escorted owner John Mabee along with three other top officers from the premises. That was Jan. 31, 1997, and five days later Quackenbush introduced what wo