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Article: Frontier shuts main unit, plans new MGA focus.(Frontier Insurance Group Inc.)(Brief Article)
- Article from:
- Business Insurance
- Article date:
- March 19, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCK HILL, N.Y.-Troubled Frontier Insurance Group Inc. announced that its Frontier Insurance Co. unit will stop writing new and renewal business in the wake of a sharp decline in policyholder surplus, as reported on a regulatory filing.
In its year-end statutory financial statement filed with the New York Insurance Department, Rock Hill, N.Y.-based Frontier reported surplus of about $16 million as of last Dec. 31, down from $65 million as of Sept. 30, according to Frontier President Mark Mishler. The drop stemmed partly from a New York regulation limiting the valuation that insurers can claim on investments in insurance company subsidiaries. As a result, Mr. ...
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Article: Frontier Insurance suit to proceed.(News)
Business Insurance;
January 2, 2006 ;
700+ words
... ... MICHAEL BRADFORD NEW YORK-A lawsuit charging ... and officers of Frontier Insurance Co. with, among ... Division of the New York Supreme Court ... Sandler P.C. in New York. The case will ... executive officer of Frontier Insurance Group, Frontier ...
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