Fremont Compensation Claims Professionals Given Notice in SF
By Robert Warne - October 1, 2002Fremont Compensation claims examiners over the past few years have come to accept a routine regimen of bad news and layoffs. The ups and downs since the California Department of Insurance put the company under supervision has thickened the skin of those who held to their guns.
This explains why the survivors in the San Francisco office didn’t even flinch when they heard yesterday that their last day would be Oct. 18.
When Employers Insurance Company of Nevada (EICN) purchased Fremont Compensation July 1, it looked like the turbulent times were over.
But the Fremont employees were dealt a hand similar to the passengers in Stephen Crane’s, The Open Boat. What seemed like a sure thing, especially since they had lasted so long and they were so close, in the end didn’t materialize into the job offers that were hoped for.
EICN’s first item of business was to get its new subsidiary Fremont Employers Insurance Co. (FEIC) licensed in California to handle claims as a TPA. So employees believed that after the licensing process was complete, FEIC would begin hiring.
Then on Sept. 3, Fremont employees in San Francisco got word that a license had been issued. But something just wasn’t right because there was never any big announcement nor were any job offers made.
Then employees noticed ads in the local paper for job openings at FEIC in San Francisco. The tension and uncertainty built up till Sept. 30, when the employees were all informed that the remaining claims would be transferred to Fremont/Cambridge and that they had reached the end of the road.
FEIC is expected to keep the San Francisco office which will initially house FEIC’s new Harbor Specialty division.
Sharon Faggiano is one of the only claims employees who was offered a position with FEIC. She will be the claims manager of the Harbor Specialty division.
Paul Levine, EICN’s public information officer, explained to adjustercom.com that EICN wasn’t laying anyone off, and that if there were layoffs, Fremont General would have conducted them.
There have also been reports of layoffs in Fremont’s Glendale office.
The bottom line is, whenever a company is purchased there is always some kind of fall out. To put it nicely it appears that in this case FEIC had very few job openings, and Fremont’s tail is not an easy thing for claims examiners to hold onto.
"If I am going to be drowned…why, in the name of the seven mad gods who rule the sea, was I allowed to come thus far and contemplate sand and trees? Was I brought here merely to have my nose dragged away as I was about to nibble the sacred cheese of life? It is preposterous. If this old ninny-woman, Fate, cannot do better than this, she should be deprived of the management of men's fortunes. She is an old hen who knows not her intention. If she has decided to drown me, why did she not do it in the beginning and save me all this trouble. The whole affair is absurd. . . . But, no, she cannot mean to drown me. She dare not drown me. She cannot drown me. Not after all this work." From Stephen Crane's, The Open Boat
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