Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Ohio Great American Opens Liability Division Branch in Canada
Aug 15 2006 // Great American Insurance Group’s Executive Liability Division recently announced the opening of a new branch office in Toronto, Canada. The Executive Liability Division adds Michael Shore, CRM and Oren Schemool, MBA...
When insuring international trade, expect the world
Aug 7 2006 // Think how few things you and your clients wear, use or drive that are wholly made in the USA, and you get a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Recent experiences need to be translated into quality underwriting standards for the future Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // TMPAA’s Thompson, Siefert discuss today’s program business opportunities and program administrators’ evolution Despite soft market conditions, program carriers are less than enthusiastic about jumping at...
When insuring international trade, expect the world
Aug 7 2006 // Shipments are delayed, damaged, lost or stolen around the globe with a frequency that is probably not surprising. What is surprising is how significantly the effects of those losses could be mitigated. Think how few things...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // Despite soft market conditions, program carriers are less than enthusiastic about jumping at the chance to start a new program, according to two industry experts. But times may be ripe for a program manager who is less...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high concentration of values, highly flammable substances, harsh operating conditions, often in hostile...
Chicago Specialty Underwriters’ Alliance Reports Profitable 2nd Quarter
Aug 4 2006 // Chicago-based Specialty Underwriters’ Alliance, Inc., “SUA” recently reported net income of $2.2 million, or $0.14 per share, for the three months ended June 30, 2006, compared with a net loss of $4.0...
Safeco Reports Strong Profitability in Second Quarter
Aug 2 2006 // Seattle-based Safeco has reported second-quarter net income of $199.7 million, reflecting consistent, profitable underwriting performance across all major lines of business. According to the company, it initiated expense...
Best Reports P/C Underwriting Income Up 21% in 1st Quarter
Aug 2 2006 // The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co....
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Miscellaneous Health Care Facilities: Risk mixing and matching
Jul 24 2006 // Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for immediate treatment was the emergency room...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...
N.J. auto restrictions: a troubling turn
Jul 24 2006 // You don’t need to conduct any kind of sophisticated market research in order to understand the effects of New Jersey’s 2003 auto insurance reform law. Just drive down the New Jersey Turnpike, where you...
Miscellaneous Health Care Facilities: Risk mixing and matching
Jul 24 2006 // Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for immediate treatment was the emergency room...
Ill. RLI Opens New Property Underwriting Office in Northwest
Jul 24 2006 // Peoria, Ill.-based RLI has opened a new property underwriting office in the Seattle area, according to RLI Vice President, West Coast Property, Kevin McDonough. Based in Lynnwood, Wash., the business provides excess and...
Plymouth Rock Names Garside to Underwriting Fellow Position
Jul 24 2006 // Plymouth Rock Assurance Corporation announced that Anne M. Garside has joined the firm in the newly created role of Plymouth Rock Fellow. She will focus primarily on loss reserving, pricing, performance measurement, and...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
O’Donnell Named Commercial Underwriting VP at Peerless
Jul 18 2006 // Peerless Insurance, a member of Liberty Mutual Group, announced the appointment of Linda O’Donnell to vice president of underwriting for commercial lines. In this new capacity, O’Donnell will lead and oversee...
Laying the Groundwork for New Insurance Programs
Jul 4 2006 // While many new insurance program ideas emerge from various sources, very few result in the actual formation of a program. It is generally only those that are well-thought-out, include substantive information, and are...
