Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Are High-Flying Hospitality Markets Headed for a Free-Fall’
Jul 23 2001 // If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy,...
Environmental Pollution Insurance: A Fluid and Ever-changing Market
Jul 23 2001 // Environmental pollution policies – they’re not just for oil industry giants and radioactive waste depositories anymore. Even the most seemingly benign businesses may carry the risk of producing, storing or...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Administaff Announces New Carrier for Workers’ Comp Policy; The Hartford Selected to Underwrite Two-Year, Fully-Insured
Jun 29 2001 // Administaff, Inc., the nation’s leading Professional Employer Organization (PEO), today announced that it has selected The Hartford Financial Services Group Inc. to underwrite the guaranteed-cost workers’...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Zurich NA Surety Creates Sales, Underwriting Teams
Jun 26 2001 // Zurich North America Surety announced it has established dedicated teams to manage its Commercial Surety line of business. Previously, many of the company’s field representatives were responsible for handling both...
PAULA, GNU Begin Process Toward Eventual Consolidation
Jun 25 2001 // Pasadena, Calif.-based PAULA Financial (PAULA) and the managing general agency Great Northern Underwriters (GNU) of Portland, Ore., recently entered into a partnership, the first step of which entails the incorporation of...
GNU Agrees to Eventual Acquisition by PAULA Financial
Jun 18 2001 // PAULA Financial and Great Northern Underwriters (GNU) of Portland, Ore., have agreed to terms that allow for PAULA to acquire GNU at a future date. The two companies have arranged a strategic collaboration in which GNU...
SAFECO Combines Commercial UW Operations
Jun 11 2001 // The commercial operations of SAFECO Business Insurance (SBI) and SAFECO Commercial Insurance (SCI) will be consolidated into one organization in an effort to concentrate on small- to medium-sized business accounts, SAFECO...
Riddell Named President of International Environmental Risk Underwriters
Jun 5 2001 // International Risk Group announced today that Connie Riddell, has joined the company as president of Colorado-based International Environmental Risk Underwriters. Riddell was formerly a principal in Bichon Group LLC, and...
e-Sher Underwriting Managers Partners With Global Risk Exchange
Jun 1 2001 // Sherwood Insurance Services’ proprietary facility, e-Sher Underwriting Managers, has partnered with Global Risk Exchange, a secure, online insurance supply chain platform which aims to streamline the entire...
Liberty International Underwriters, Cogentric Ally to Deploy Cyber Insurance Engine
May 15 2001 // Liberty International Underwriters (L.I.U.), a division of Liberty Mutual Group, has formed an alliance with Cogentric to assess e-business sites for companies seeking cyber insurance. Available this summer, L.I.U.’s...
XML Provides the Missing Link for SEMCI
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Pa. Professional Liability Joint Underwriting Association Names President
May 11 2001 // Pennsylvania Professional Liability Joint Underwriting Association appointed Susan M. Sersha as president. Under the association’s Plan of Operations, Sersha also serves as a member of the association’s Board...
S&P Downgrades Republic Underwriters
May 7 2001 // The “AApi” FSRs on Republic Underwriters Insurance Co. (RUI) was lowered to “Api” by S&P. The rating action also applies to RUI’s 100 percent reinsured affiliates: Republic Lloyds;...
Aon Corp. To Spin Off Underwriting Business
Apr 30 2001 // Aon Corporation announced April 20 it was spinning off its underwriting businesses for its common stockholders, forming two separate, publicly traded companies in the process. The spin-off will take the shape of a tax-free...
Coverage is Key as Texas Boat Owners Hit the Waterways
Apr 30 2001 // With summer just around the corner; nearby lakes and rivers are being overrun with boats and personal watercraft. The boating and watercraft business in the United States has grown into a major industry, and it shows no...
SAFECO Announces First-Quarter Results
Apr 24 2001 // Seattle-based SAFECO reported a first-quarter operating income of $12.0 million. SAFECO President and CEO Mike McGavick said these results are right on target with the company’s plans for the first quarter and are...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 23 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 16 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
