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The state Department of Insurance took over San Diego-based Golden Eagle Insurance Co., the state’s third-largest provider of workers’ compensation insurance, after regulators claimed the company tried to cover up a $138.5-million shortfall in its cash reserves. Owner John Mabee could not immediately be reached for comment. . . . Milan Panic, the controversial head of ICN Pharmaceuticals Inc. of Costa Mesa, is stepping down as president but will remain chairman and CEO. . . . Irvine-based Auto-By-Tel Inc., which is mounting an aggressive and expensive campaign to become the nation’s premier automobile marketer on the Internet, said it intends to go public and hopes to raise as much as $55 million with the initial stock offering.