Superior National Insurance Group has voluntarily withdrawn its listing on the Nasdaq National Stock Market. Superior National does not meet the minimum financial qualifications to list its securities on the Nasdaq. It also does not qualify for listing on the Nasdaq SmallCap Market.
Trading on the stock will remain suspended until Superior National provides stockholders with notice that trading has resumed. The California Department of Insurance seized Superior National’s four California domiciled units on March 3, citing the workers’ comp carrier’s dangerous financial position. A similar action is expected in New York concerning Superior’s subsidiary Commercial Compensation Insurance Co.
Was this article valuable?
Here are more articles you may enjoy.
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
World’s Growing Civil Unrest Has an Insurance Sting 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley From This Issue
