Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
ISO HomeValue Offers Insurers a New Method to Estimate Residential Replacement Values
Nov 4 2003 // Insurance Services Office, Inc. (ISO) and AIR Worldwide Corporation (AIR) announced the release of ISO HomeValue(TM), a new web-based property replacement valuation system based on the latest component-based...
U.S. Marine Insurers Respond to Post-9/11 World of Domestic Security Rules and Regulations
Nov 3 2003 // U.S. ocean marine insurers need to work in partnership with government and all components of the maritime trade in order to meet the challenges of operating in the post-9/11 environment, according to David French,...
Texas’ Underwriters MGA Wages Fight Against GE Re
Nov 3 2003 // Texas-based Underwriters MGA (UMGA), a Texas- based corporation with offices in Hidalgo County, announced it has filed a court petition to reclaim millions of dollars in revenues the company said it lost as a result of...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Best Affirms Singapore Reinsurance ‘A-‘ Rating
Oct 21 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Singapore Reinsurance Corporation Ltd. with a stable outlook. “The rating reflects Singapore Reinsurance’s...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Crump’s Dallas Office Adds Underwriter, Broker
Oct 16 2003 // The Crump Group announced the addition of new staff members in its Dallas office. Charles Bauman joined as a property/casualty underwriter and Patrick Bell is now on board as a casualty broker. Bauman was previously with...
ACE Casualty Risk Unveils ACE TankSafe for Web-Based Underwriting of Underground Storage Tank Policies
Oct 15 2003 // ACE Casualty Risk, a division of ACE USA, announced the launch of ACE TankSafe(SM), a web-based underwriting facility that enables contracted brokers to conduct automated underwriting transactions from submission to...
W.R. Berkley Forms New Underwriting Management Company, Makes Executive Appointments
Oct 15 2003 // W. R. Berkley Corporation announced the formation of Berkley Risk Solutions, Inc., a new underwriting management company. Berkley Risk Solutions, Inc. will provide insurance and reinsurance based financial solutions to...
RMS Expands Commitment to Lloyd’s Market
Oct 10 2003 // Newark, Calif.-based RMS, a provider of products and services for the management of catastrophe risk, has expanded its commitment to the Lloyd’s market with the addition of three Lloyd’s managing agents as new...
Landmark Awarded ‘A’ Rating
Oct 6 2003 // A.M. Best Co. assigned a financial strength rating of “A” (excellent) to Oklahoma-based Landmark American Insurance Co. The rating outlook is stable. This rating action follows the close of the Sept. 2...
Calif. Legislative Session Adjourns With New Privacy Law, WC Reform
Oct 6 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty industry during the 2003...
ACE Bermuda Promotes Chris Fisher to Senior VP
Oct 2 2003 // ACE Bermuda Insurance Ltd. announced the promotion of Chris Fisher to the position of senior vice president in its property department. He takes on responsibility for the management of ACE Bermuda’s global property...
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
