In order to fix the issue, open the application and press Security from Options menu. Click on Load, go to Options > Server and set number of errors allowed before removing the server to 9. After that, click the List option next to Auto update, write
http://www.peerates.net/servers.php and remove all other entries. Save the document, un-check the options to update list of servers when connecting to new server and new client and click Accept. Go to Servers window, remove all servers from the list and type
http://www.peerates.net/servers.php in the Update Server.met from URL field. Click Update, enter the servers you want to static list and double-click any server.