| Business Summary | | Superior
National
Insurance
Group,
Inc.
(Superior
National)
is
the
parent
company
of
a
group
of
insurance
companies
that
underwrite
workers'
compensation
and,
to
a
limited
extent,
group
health
insurance.
Superior
National's
wholly
owned
insurance
subsidiaries
include
Superior
National
Insurance
Company,
Superior
Pacific
Casualty
Company,
California
Compensation
Insurance
Company,
Combined
Benefits
Insurance
Company
and
Commercial
Compensation
Insurance
Company.
Through
these
subsidiaries,
the
Company
provided
workers'
compensation
and
group
health
insurance
in
38
states
and
the
District
of
Columbia.
Superior
National
was
seized
by
the
State
of
California
Department
of
Insurance
on
March
3,
2000,
and
is
now
in
liquidation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Superior
National
Insurance
Group,
Inc.
is
a
holding
company
that,
through
its
wholly-owned
subsidiaries,
is
engaged
in
writing
workers'
compensation
insurance
principally
in
California.
For
the
nine
months
ended
9/30/99,
total
revenues
increased
from
$72.4
million
to
$202.3
million.
Net
loss
totalled
$30.1
million
vs
a
income
of
$6.2
million.
Revenues
reflect
an
increase
in
premiums
written
and
net
investment
income.
Loss
reflects
increased
claims
and
underwriting
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| William Gentz, 58 Chairman
of Directors | $539K | J. Seaman, 44 Pres,
CEO | 419K | Louis Caron CFO | -- | Arnold Senter, 57 Exec.
VP, COO | 413K | Robert Nagle, 50 Sr.
VP, Gen. Counsel and Sec. | 186K | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|