Fremont Compensation Insurance Group announced the lay-off 205 people in an effort to reduce costs. workcompcentral.com understands that the majority of job cuts are in California claims and legal divisions.
Fremont has been under pressure to control expenses after growing rapidly in the la...Read More
Reported by A.M. Best: A study by the Workers Compensation Research Institute concluded that insurers are paying more to deliver workers' compensation benefits to injured workers in Florida than in 7 other states (California, Connecticut, Georgia, Massachusetts, Minnesota, Pennsylvania and Texas). T...Read More
The L.A. Times ran a highly inflammatory article yesterday that says that Quackenbush aids threatened insurance companies with a LA Times exposures that would run if they didn't contribute to the foundations that Quackenbush had established, purportedly to aid earthquake victims - which as we now kn...Read More
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Reported by the WorkComp Executive 2/29/00:
As expected, Fremont General Corp. has agreed with a reinsurer to terminate a large buy-down treaty that has caused Fremont ulcers of the economic
variety. In ending the reinsurance treaty, Reliance Insurance Co. is paying Fremont $100 million.
Two more credit rating companies made announcements on Fremont General Corp. or its insurance subsidiaries.
Duff & Phelps Credit Rating Co. reaffirmed Fremont General Corp.'s "BBB" senior debt rating and assigned Fremont Compensation Insurance Group an "A" rating for i...Read More
From WorkComp Executive 1/20/00:The Credit Rating Agency of Standard & Poors yesterday lowered Fremont General Corp.'s rating, citing diminished earnings and "an increasingly expansive risk appetite."
Language form last year's vetoed benefit increase bill was this morning amended into...Read More
IMMS 12/23/99: Florida businesses, already paying some of the highest Workers Comp premiums in the nation, will face a premium hike of 2.75% to 3.48% next year. Comp rates in the Sunshine State have been relatively stable over the past several years....Read More