Fremont Indemnity Company
Estate Manager: 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 preservation of more than $1 billion in tax loss carry forwards.

Fremont released a $83.4 million final distribution to approved Class 2 creditors on September 26, 2019. The distribution paid 43.25% of approved policyholder claims. The estate will have significant post-distribution and closing activities going into 2020. In addition the estate continues to hold certain non-transferrable assets that will generate material payments to the estate over the next number of years. Fremont Indemnity is the sole owner of the stock and Charter of Fremont Life a dormant life shell. The liquidation court has approved a contract to sell the Fremont Life stock which is expected to close in late 2020. The liquidation court has further authorized the estate to retain the non-transferrable assets to be collected and to distribute those funds (together with the Fremont Life sale proceeds) when collections reach a $5 million threshold.

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.