A.M. Best reports that Fremont Compensation Insurance Group has asked for waivers to their annual assessments to guaranty funds from virtually every state in which they operate. Fremont is under regulatory supervision in its home state of California and though the company said it has more than $1 billion in invested assets and has enough money to pay claims and assessments, it is seeking waivers where allowed by law.
In December the company requested that Florida waive the $27,000 assessment to the Florida Workers' Compensation Insurance Guaranty Association. The Florida Department of Insur...
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