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DANIELSON INSURANCE SUB GETS 'VERY GOOD' BEST'S RATING

 NEW YORK, June 23 /PRNewswire/ -- Danielson Holding Corporation (AMEX: DHC) today announced that its National American Insurance Company of California (NAICC) insurance subsidiary has received a rating of "B++ (Very Good)" from A.M. Best Co. NAICC is a California-based workers' compensation and property and casualty specialty insurer which markets its specialty insurance products through independent agents who are supported by offices in Oregon, Arizona and California.
 William R. Story, the president and chief executive officer of NAICC, said "Rating organizations like the respected A.M. Best Company help buyers better select their insurance company. We are pleased to be assigned the B++ rating as we complete our sixth year of operations as a specialty insurer."
 Danielson is an American Stock Exchange listed company, engaging in financial services businesses.
 -0- 6/23/93
 /CONTACT: C. Kirk Rhein Jr., president and chief executive officer of Danielson Holding Corporation, 212-888-0347/
 (DHC)


CO: National American Insurance Company of California ST: California IN: INS SU: RTG

PS-OS -- NY041 -- 4998 06/23/93 12:17 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
Words:171
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