Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
IIABA Urges Insurers to Be Consumer-Friendly with Credit Info. Practices
Nov 11 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
Argonaut Group’s 3Q Results Show Underwriting Improvements
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...
Zurich North America Implements New Initiative for Underwriting
Nov 6 2002 // As part of its strategy to further enhance underwriting quality, Zurich North America is implementing a new corporatewide initiative to build underwriting workstations for its core lines of business – property,...
WCIRB Releases 2003 Basic Underwriting Manual
Nov 6 2002 // To facilitate the filing of insurer rates with the California Department of Insurance, the WCIRB has updated the advisory California Basic Underwriting Manual. The Basic Underwriting Manual may be viewed at...
Trenwick to Cease Underwriting U.S. Specialty Program Insurance
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...
Trenwick to Halt Underwriting U.S. Specialty Program Insurance
Oct 30 2002 // Bermuda-based Trenwick Group Ltd. announced that it would cease underwriting its U.S. specialty program insurance business effective immediately. Operating under the name Canterbury Financial Group Inc. and through its...
SAFECO Reports Continued Earnings With 3rdQ Net Income Increase
Oct 29 2002 // SAFECO reported continued earnings growth as third-quarter net income increased to $75.2 million, or $0.59 per diluted share. Income before charges and realized gains increased to $86.4 million, or $0.68 per diluted...
Trenwick in Deal with Chubb Re, Begins Audit Study of Reserves
Oct 28 2002 // Bermuda-based Trenwick Group announced that its subsidiary, Trenwick America Reinsurance Corp., has entered into an underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. Trenwick also said that...
NAPSLO PRESENTS ASLI ACADEMIC AWARDS
Oct 28 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
Demotech’s Financial Stability Ratings – What Are They All About’
Oct 28 2002 // For the past several months, Insurance Journal readers have viewed articles discussing Demotech’s Financial Stability Ratings®. This article presents additional information on the origin of those ratings. Prior to...
IIABA Urging Insurers to Be More Consumer-Friendly By Fixing Anomalies in Use of Credit Information
Oct 25 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
ACE Tempest Re Europe Appoints Eric Gutierrez European Treaty Underwriter
Oct 23 2002 // ACE Tempest Re Europe announced the appointment of Eric Gutierrez as European Treaty Underwriter in their newly opened underwriting division in Dublin. he’ll be responsible for developing property and casualty treaty...
Hartville Group Acquires Pet Insurance Policies Previously Underwritten by AIG
Oct 23 2002 // Ohio’s Hartville Group, Inc. announced that its pet insurance marketing subsidiary and provider of the Company’s Petshealth Care Plans has entered into an agreement to acquire Pet Insurance policies formerly...
NAPSLO Presents ASLI Academic Awards
Oct 10 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
Fitch: Auto Underwriting Continues to Be Unprofitable
Oct 10 2002 // Auto insurance financial results will improve in 2002 and 2003, but these gains will be insufficient to return the industry to underwriting profitability, according to a report by Fitch Ratings. Based on the market’s...
Leicht Adds Multi-Line Underwriter/Brokers
Oct 7 2002 // Texas-based Leicht General Agency announced that Elva Harris has returned to the company’s Houston office as a senior Multi-line underwriter/broker and Donna Boyd has joined Leicht’s Dallas office in the same...
Underwriters’ TX Homeowners Rating System Now Free
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link. The online rater...
An Exact Science: Insuring Biotech Takes Know-How
Sep 30 2002 // As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The...
P&C Net Income Sees 1st Half Surge; Surplus Dips on Weak Investment Results
Sep 25 2002 // The U.S. property/casualty industry’s net income after taxes rose 66.4 percent to $4.6 billion in first-half 2002 from $2.8 billion in first-half 2001, primarily because of improved underwriting results. But the...
ACE USA Appoints Macdonald as Chief Underwriting Officer
Sep 24 2002 // ACE USA appointed James Macdonald to the position of chief underwriting officer. Macdonald will have overall management responsibility for the underwriting function for ACE USA and ACE Canada. Macdonald has more than 30...
