Golden Eagle Insurance Corp. has sued the California insurance commissioner for $260 million. The suit is related to the old Golden Eagle Insurance Co., which was seized in 1997 and sold off to the highest bidder.Golden Eagle Insurance Corp., now owned by Liberty Mutual Group, alleges that the Department of Insurance has failed to pay it for claims administration services. The company also says it was shorted on reinsurance funds the DOI has obtained from reinsurance treaties covering o
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