Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: INSURANCE Date: Sat, 21 Nov 92 09:41:27 EST Message-ID: HEADLINE: INSURANCE Publication Date: Thursday November 19, 1992 BYLINE: Arizona Insurer in Receivership: A Superior Court judge placed Azstar Casualty Co., a Phoenix-based auto insurer, into receivership after the Arizona Insurance Department argued that the firm lacks the assets to meet state requirements. Azstar, which specializes in high-risk auto coverage, has written about $20 million worth of insurance in California over the last three years, according to the California Surplus Lines Assn., the trade group that keeps statistics on sales by insurers that are unlicensed in California. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM