Insurance Watchdog Settles With Fremont For $37M
Under the settlements, the Fremont liquidation estate will use the $37.3 million to pay policyholder claims, the commissioner said Friday.
Once one of the largest California-based workers' compensation insurers, Fremont failed in 2003, along with dozens of others that collapsed between 1999 and 2003 because of a rise in claims costs.
In 2003, after California's...
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