Fremont General Corporation
(NYSE: FMT) (the 'Company') announced that the Company's ongoing property and
casualty insurance subsidiaries (the 'insurance subsidiaries') have entered
into certain agreements with the California Department of Insurance
(the 'DOI') which, among other things, will allow these insurance subsidiaries
to adjust to present value their workers' compensation net loss and allocated
loss adjustment expense reserves for accident years 1999 and prior. The
adjustment to present value will be computed beginning September 30, 2000 and
is applicable to both indemnity an...
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