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$121 Million Distributed to Mission Insurance Customers

West News • December 31, 2008
California's Conservation and Liquidation Office (CLO) has distributed $121 million to policyholders and claimants from the liquidated estate of the Mission Insurance Companies, the California ...

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Subject: Sound familar to the bad home loans

Posted On: January 9, 2009, 8:54 am CST
Posted By: I was there too.
Comment:
Mission underprices their business & everyone knew it. They were totally irresponsible & helped to screw up the marketplace. Insurance is the only business where we follow the most inexperienced & stupid people. But we kept going.
What I don't understand is why monies are being distributed to policyholders when their claims have been paid in full. Was there really this much interest due? How many of the claims were paid by CIGA $$
Subject Posted By Posted On
Sound familar to the bad home loans I was there too.
Jan 9, 2009, 8:54 am
WANT TO VOMIT I WAS THERE
Jan 2, 2009, 12:44 pm
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