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Fremont Indemnity Company
Estate Trust Officer: Scott Pearce
Email Address: PearceS@caclo.org
Telephone Number: (415) 676-5013
Seizure Date: 06/04/2003
Conservation Date: 06/04/2003
Liquidation Date: 07/02/2003
POC Final Filing Date: 06/30/2004
Website: http://www.caclo.org/fremont
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Fremont Indemnity Company ("FIC") was placed into conservation on June 4, 2003. The Commissioner filed a Consolidated Application for Liquidation and Fremont was ordered into liquidation on July 2, 2003. Fremont wrote Workers Compensation and employer Liability coverage in 48 states. A proof of claim bar date (the last date on which a claim may be filed) was set at June 30, 2004 and claims continue to be processed by the Liquidator through his Conservation and Liquidation Office (the "CLO").

The Liquidator successfully resolved all of the large litigation cases which resulted in the recovery of tens of millions of dollars. The settlements cleared the way for the Liquidator's related Liquidation and Tax Deconsolidation Plan that was approved by the Court and implemented in December 2009. The approval and implementation of the Plan and a related Closing Agreement with the IRS has resulted in the immediate reversal of a $2.528 million federal income tax liability reserve booked in 2008, and the preservation of more than $1 billion in tax loss carry forwards.

In July, 2014 the Fremont Estate successfully completed a tenth early access distribution of approximately $25.4 million to the various Insurance Guarantee Associations. To date, Fremont has distributed a total of approximately $1 billion to the participating IGAs.

While the Liquidator continues the billing and collecting of reinsurance and determines open Proofs of Claims, the Liquidator intends to complete another distribution to Insurance Guarantee Associations in 2015.

Former employees of FIC with questions about its benefit plans should contact Signature Group Holdings, Inc., formerly Fremont General Corporation, at 15303 Ventura Boulevard, Suite 1600, Sherman Oaks, CA 91403. (805) 409-4340. www.signaturegroupholdings.com.