Florida is not only going through embarrassing political scuttle, but Florida Insurance Commissioner Bill Nelson announced that he is rejecting a request for a 2.7 percent average increase in statewide workers' compensation premiums.
The National Council on Compensation Insurance (NCCI) ...Read More
The Work Comp Executive reports that Fremont Compensation Insurance Group is closing its offices in Costa Mesa, Sacramento, Seattle, Anchorage, Honolulu, Dallas/Houston, Nevada, Oregon, Kentucky, Louisiana, Minnesota, Nebraska and Iowa. As part of Fremont...Read More
International rating agency Fitch has affirmed its ratings on Safeco and changed its rating outlook on the firm from Stable to Negative.
The rating outlook change is the product of negative indications in the property/casualty line of business of Safeco, of which workers...Read More
The international rating agency, Fitch, revised its near-term ratings outlook for the U.S. P/C industry from stable to negative.
Deteriorating results among many insurers with marginal financial strength is outpacing growth among stronger companies. Fitch has downgraded eight companies thi...Read More
According to the WorkComp Executive Fremont Insurance Co. increased reserves in the second quarter of 2000 to $450 million in response to estimates it received from actuaries on its reserves performed both inside and outside the company. Fremont has signed a...Read More
Fremont General Corp. reported a second quarter net loss of more than $268 million.
It has also been reported that Fremont has executed a letter of intent with XL Capital Ltd. to create an 'adverse development reinsurance agreement' to cover Fremont...Read More
The FBI and US Attorney's Office are joining in the investigation of former Department of Insurance Commissioner Chuck Quackenbush.
This partnership gives prosecutors greater latitude in filing criminal charges againsat Quackenbush for acts that violate U.S. interstate commerce laws involvi...Read More
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