Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Construction Defects Burning a Hole through the Residential Contractors Market
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
Fitch Revises Outlook on U.S. Commercial Lines Sector to Stable
Jul 19 2004 // Fitch Ratings has revised its rating outlook for the U.S. commercial lines insurance sector to stable from negative. Fitch had maintained a negative rating outlook on the sector since September 2000. The revised outlook...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising, but the questions that today’s insurance underwriters ask about law firm accounts might be, as the attendees at a...
Professional Underwriters in Pa. Acquired by Kronenberg
Jul 15 2004 // A group of private investors led by William Kronenberg, III, has completed its acquisition of designated assets of Professional Underwriters which include name, renewal rights and other undisclosed assets. Professional...
Jacoby Named Underwriter at Burns & Wilcox
Jul 14 2004 // Marilyn Jacoby joined the Dallas/Fort Worth office of Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent Burns & Wilcox Ltd., in the position of underwriter,...
XL Re Appoints Hindle as Ceded Reinsurance and Underwriting Risk Manager
Jul 9 2004 // Bermuda’s XL Re Ltd., a subsidiary of XL Capital Ltd., announced the appointment of Jeremy Hindle as Ceded Reinsurance and Underwriting Risk Manager, based in London. He is currently Director of Property Underwriting...
Commentary: Farewell Reflections Conclusion
Jul 9 2004 // The following article is the conclusion of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. For part-one and part-two see IJ...
Commentary: Farewell Reflections Continued
Jul 8 2004 // The following article is part-two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. For part-one see IJ National July...
Zurich Appoints Political Risk Underwriter for Washington
Jul 8 2004 // James Brache has joined the Zurich business unit providing insurance and risk management solutions in emerging markets as an underwriter. A provider of political risk and medium-term trade credit insurance, Zurich develops...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
Brokers Urged to Avoid Surprises in Lawyers’ E&O at PLUS Symposium
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT
Jul 5 2004 // The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories...
Brokers Urged to Avoid Surprises in Lawyers E&O
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
LLOYD’S UNDERWRITERS SUE USAIG, MEMBERS:
Jul 5 2004 // A number of Lloyd’s of London underwriters filed a lawsuit June 15 against an aircraft insurance group and several of its members, alleging the group refused to assist in the defense of companies involved in a deadly...
Insurers Scramble to Keep Up with ‘Morphing’ Media Liability
Jul 5 2004 // PLUS Symposium in Philadelphia Zooms In On 24/7 Media Exposures The media liability insurance field resembles a highway “with lots of roadside attractions” including exposures from reality TV shows, video...
This Time, We’ll Do It The Right Way
Jul 5 2004 // New U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace for all lines of coverage. Prices were trending up as experts...
National Specialty Underwriters Opens Chicago Office
Jun 30 2004 // Bellevue, Wash.-based wholesaler and program administrator National Specialty Underwriters Inc. has opened a new branch in Chicago. NSU specializes in insurance for the hospitality and health-care industries, as well as...
P/C Industry’s Q1 Net Income Doubles
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
PLUS: More Cooperation, Knowing Labor Laws and Better Underwriting Measures Needed to Stop Lawsuits
Jun 25 2004 // Effective litigation, cooperation, greater understanding of labor laws and meaningful communication are reportedly the keys to preventing lawsuits. Underwriters need to find out if HR understands state labor laws, whether...
