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FRONTIER PACIFIC ADMITTED TO CALIFORNIA FOR MULTIPLE-LINE P & C

 LOS ANGELES, Oct. 22 /PRNewswire/ -- Frontier Pacific Insurance Company announced today that its Certificate of Authority has been amended as of Oct. 6, 1993, by the California Department of Insurance, to permit the writing of multiple-line property and casualty risks in the State of California on an admitted basis.
 Frontier Pacific, rated "B+" (Very Good) by A.M. Best, is the new name of Contractors' Surety Company, a privately-owned Los Angeles-based insurer acquired by Frontier Insurance Company on Oct. 1, 1991. Frontier is nationally prominent in the underwriting of specialty insurance products and programs. Contractors' Surety, at the time of acquisition, only wrote license bonds for contractors in the states of California and Nevada.
 Walter A. Rhulen, president and chairman of the board of Frontier Insurance Company, stated, "We had two goals in acquiring Contractors' Surety: First -- to expand the surety business in California to include a small contractors surety program written by Frontier, and second -- to eventually license Contractors' for all P & C lines in California. That has now been accomplished."
 "This is all part of a very careful strategy to establish a profitable presence in California," Walter Rhulen added. "Now that Frontier Pacific can write P & C lines as an admitted company, we are ready to consider new programs from California Agents and Brokers who need a market for their books of specialty business."
 Frontier Insurance Company, parent of Frontier Pacific, provides a market for a diverse range of special coverages: medical/dental malpractice, social services, child/day care, home health, medical equipment dealers, bungee jumping, white water rafting, alarms/guards, archery equipment manufacturers, surety bonds for small contractors, customs bonds, bail bonds, exterminators, fire protection contractors/ E&0 for Title Agents, plus many others.
 For the fifth consecutive year, Frontier Insurance Group (NYSE: FTR) the company's ultimate parent, was listed by Forbes as one of the best small companies in the United States (Forbes, November 1992 - "The Best Small Company Honor Roll"). With $85,000,000 in policyholder surplus, Frontier is rated "A-" (Excellent) by A.M. Best; "A" (Strong) by Standard and Poor's for Insurer Claims Paying Ability; and "A" (Exceptional Financial Stability) by Demotech. Frontier is admitted to 48 States and the District of Columbia.
 -0- 10/22/93
 /CONTACT: Linda Markovits of Frontier Pacific, 914-796-2100, ext. 521/
 (FTR)


CO: Frontier Pacific Insurance Company ST: California IN: INS SU:

PS-MP -- NY019 -- 5621 10/22/93 09:49 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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