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Union Pacific Fire Marine Ltd

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CALIFORNIA | LOCAL
October 3, 1991 | KENNETH REICH, TIMES STAFF WRITER
Lorene Ferris saved $598 on her auto insurance in April by leaving Aetna, buying an assigned risk liability policy with a Wisconsin company and placing her collision and comprehensive coverage with an unlicensed company, Union Pacific Fire & Marine, Ltd., registered in the British Virgin Islands. Her insurance bill went from $2,378 a year to $1,780.
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CALIFORNIA | LOCAL
October 3, 1991 | KENNETH REICH, TIMES STAFF WRITER
Lorene Ferris saved $598 on her auto insurance in April by leaving Aetna, buying an assigned risk liability policy with a Wisconsin company and placing her collision and comprehensive coverage with an unlicensed company, Union Pacific Fire & Marine, Ltd., registered in the British Virgin Islands. Her insurance bill went from $2,378 a year to $1,780.
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NEWS
October 5, 1991 | KENNETH REICH, TIMES STAFF WRITER
Unlicensed "offshore" auto insurance companies will sell $1.6 billion in cheap policies in California this year, and consumers buying them expecting to save money will lose hundreds of millions of dollars in unpaid claims, Insurance Commissioner John Garamendi declared Friday, pledging to crack down on such firms.
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