Rehabilitator Seeks $577,966 Default Judgment Against Captive

SAN DIEGO - The rehabilitator of Frontier Insurance Co. has asked a California federal judge for a default judgment against Ramona Tire Inc.'s offshore captive for sums allegedly owed under a workers' compensation reinsurance agreement. Frontier Insurance Company in Rehabilitation v. Ramona Tire Inc., No. 3:07-00052 (S.D. Calif); See related story in the 2008 Premier Issue of HarrisMartin's Reinsurance.

The motion was filed by California Insurance Superintendent Howard Mills on June 5 before Judge Marilyn L. Huff of the U.S. District Court for the Southern District of California. Mills asserts that the captive, Automotive Services Insurance Ltd. (ASIL), has failed …