Fremont Indemnity Suspended in CO

The Colorado Division of Insurance has suspended three Fremont companies and another from doing business in Colorado as a result of their hazardous financial conditions. Fremont Indemnity Company, Fremont Compensation Insurance Company, and Fremont Pacific Insurance Company, were suspended effective May 17, 2002. Each company has been under a no sales agreement in Colorado since April 2001. Fremont Indemnity Company wrote direct premiums of $806,175 as of December 31, 2001, and $96,743 as of March 31, 2002, all in workers...