Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Best Assigns Singapore’s First Capital ‘A-‘ Ratings
Mar 1 2006 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit of “a-” to the Singapore-based insurer First Capital Insurance Limited, with a...
Mich. Requires Life Insurers Make Amends for Race-based Underwriting
Feb 28 2006 // The Michigan Office of Financial and Insurance Services issued a statement this week saying that a consent order requiring the Western and Southern Life Insurance Company was issued requiring the companies make amends for...
Stone Oak Underwriters to Provide Public Officials E&O, EPLI and Law Enforcement Liability for Public Entities
Feb 27 2006 // San Antonio, TX – Stone Oak Underwriters, LLC, of San Antonio, Texas has entered into a Program Administrators agreement with Berkley Underwriting Partners, LLC, to provide Public Officials E&O, EPLI and Law...
Stone Oak Underwriters Adds PL Products for Public Entities
Feb 27 2006 // Stone Oak Underwriters, LLC, of San Antonio, Texas, announced it has entered into a program administrators agreement with Berkley Underwriting Partners LLC, to provide public officials E&O, EPLI and law enforcement...
Hurricanes Drive 39% Decline in Net Income for Giant State Farm
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
King’s Bay Insurance Services Adds Cratem as Sr. VP of Underwriting
Feb 24 2006 // Michael Cratem has joined Florida-based King’s Bay Insurance Services as senior vice president, Underwriting. In this position, he will be responsible for the underwriting function of this Florida licensed Managing...
Lloyd’s Underwriter Survey; ‘Cycle’ Remains Primary Concern
Feb 22 2006 // According to Lloyd’s newly released annual underwriter survey, “managing the insurance cycle as the most important challenge facing the global industry for the second year running.” The survey also found...
Midland Company Reports Strong Fourth Quarter Earnings
Feb 22 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, today reported fourth quarter 2005 net income of $20.0 million, or $1.03 per share, including 3 cents in realized capital...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
How to keep your non-standard auto clients
Feb 20 2006 // When selling non-standard auto insurance, do you know how to retain your clients or are you driving away the business? There are a number of factors that affect retention, including: Finance method and...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
Unusual circumstances surround dropped sale of Universal Underwriters
Feb 20 2006 // Most failed company mergers remain a secret, except to a handful of insiders.That was not the case with the collapsed attempt by Zurich Financial Services Group to sell its affiliate, Universal Underwriters Insurance...
Often overlooked, accurate insurance-to-value should be a priority
Feb 19 2006 // There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
If you really want to upset your clients, don’t allow them to finish expressing their thoughts by cutting their communic
Feb 19 2006 // How to keep your non-standard auto clients When selling non-standard auto insurance, do you know how to retain your clients or are you driving away the business? There are a number of factors that affect retention,...
SPECIAL REPORT: Commercial Auto
Feb 19 2006 // Unusual circumstances surround dropped sale of Universal Underwriters Most failed company mergers remain a secret, except to a handful of insiders. That was not the case with the collapsed attempt by Zurich Financial...
Sunshine State Insurance Co. Makes Several Promotions
Feb 17 2006 // Three veteran underwriting executives — Michael Solano, Robert Thomas, and Michael Weis — have been promoted to assistant vice president at Sunshine State Insurance Company (SSIC). Sunshine State is a writer of...
U.S. Risk Insurance Acquires Lighthouse Underwriters
Feb 15 2006 // U.S. Risk Insurance Group in Dallas, Tex. is acquiring Lighthouse Underwriters, LLC of Anandale, Va. Under the terms of the agreement, Lighthouse will become an operating division of U.S. Risk Insurance Group, but will...
Navigators Group Sees Record Q4
Feb 15 2006 // The Navigators Group Inc. reported net income of $15,310,000 or $0.96 per share for the 2005 fourth quarter based on 16,012,000 diluted shares compared to net income of $10,635,000 or $0.84 per share for the 2004 fourth...
A.M. Best: P/C Industry Reports Underwriting Loss
Feb 14 2006 // Driven by the largest natural catastrophe in U.S. history, Hurricane Katrina, the U.S. property/casualty industry’s underwriting loss was $2.8 billion for the first nine months of 2005, reversing the $3.4 billion...
