In what's becoming an all too familiar theme for California insurers, the industry's main rating agency has reduced the ratings of State Compensation Insurance Fund, Argonaut Insurance Group Inc. (NASDAQ: AGII) and Zenith National Insurance Group Inc. (NYSE: ZNT).The action by A.M. Best Co. came last week and it didn't take observers and industry insiders by surprise. After all, A.M. Best's criticism of the California workers' comp market and its primary players has been growing. The d
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