Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Minnesota Agents Voice Concern Over Credit Ratings
Nov 21 2000 // A growing number of insurance companies operating in Minnesota are using credit-rating scores to establish premiums for car drivers and homeowners. This means that in certain situations people with poor credit histories...
Target Capital To Acquire Southeast Underwriting Group Corporate Assets
Nov 17 2000 // Avon, Conn.-based Target Capital Partners Inc., a managing general agency and provider of specialty insurance programs, and Southeast Underwriting Group Inc., a specialty agency and underwriting manager headquartered in...
The Evolving Excess & Surplus Lines Market
Nov 13 2000 // The excess and surplus lines, or non-admitted, market is comprised of property & casualty companies that provide insurance that is unavailable to businesses in the standard, or admitted, market due to the unique...
Glamour & Risk: Insuring HollywoodProduction Companies
Nov 13 2000 // For many film lovers, the holiday season is synonymous with the release of Hollywood’s latest screen confections. As production companies scramble to satiate the consumer appetite for thrilling visual effects and...
Commentary: The Rainy Season Arrives as D&O Market Begins to Tighten
Oct 30 2000 // Hopefully D&O policyholders have been putting some premium away for a rainy day, because it has started to drizzle and thunderstorms are just around the corner. The end of the soft market is in sight. The last...
Cincinnati Financial Underwriting Profits Expected to Drop for Q3
Sep 28 2000 // Cincinnati Financial Corp. expects decreased underwriting profitability at its property casualty insurance affiliates in the third quarter due to large losses from fires and commercial liability. The insurer’s...
Chubb, CNA Complete Sale of Aviation Underwriter
Sep 28 2000 // Chubb Corp. announced that it has completed the sale of its ownership interest in Associated Aviation Underwriters, Inc. (AAU) to British Aviation Insurance Group Ltd. (BAIG). Chubb’s partner in the aviation and...
Reverse Soft Market Bad Habits
Sep 25 2000 // Without revealing your age, are you one of those who only faintly remembers the daily exercise regimen? At one time, did you count calories? fat grams? And now, you just count the number of pounds that you would like to...
Insurscape.com Launches Web-Based Workers’ Comp Underwriting Facility; Looking for Additional Agents
Sep 25 2000 // Insurscape.com(TM), a workers’ compensation underwriting program that provides total services via e-commerce, today launched a national web-based workers’ compensation service to select brokers. Insurescape.com...
Unionamerica to Close Underwriting Operations
Sep 19 2000 // The St. Paul Companies has completed a strategic review of Unionamerica Insurance Company, Ltd. and has decided that effective Jan. 1, 2001 the company will cease underwriting and will manage the run-off of its remaining...
Commentary: Reverse Bad Habits Formed During the Soft Market
Sep 18 2000 // Without revealing your age, do you remember the hard market of the mid-’80s? Rest assured, we are a long way from returning to the marketplace of 15-plus years ago. However, the market has bottomed and is beginning...
ICAT Appoints Kempas, Schablitsky to Gulf Coast, East Coast Positions
Sep 18 2000 // International Catastrophe Insurance Managers, L.L.C. (ICAT), announced the appointment of Gregory Kemp to regional vice president for the Gulf Coast and Eastern Seaboard. ICAT also announced the promotion of Cathy...
Best Drops Amwest Group Rating to ‘B’
Sep 18 2000 // On Aug. 28, 2000, the financial strength rating of Amwest Group was downgraded from “A-” (Excellent) to “B” (Fair) by A.M. Best Co. The downgrade, applicable to Amwest Surety Insurance Company and...
Best Drops Amwest Group Rating to ‘B’
Sep 14 2000 // Amwest Group’s parent is the publicly-traded insurance holding company, Calabasas, Calif.-based Amwest Insurance Group Inc., primarily an underwriter of surety bonds which also writes property/casualty insurance...
Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
When the Market Provides No Answer,Insurers Offer Online E&S
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
Workers’ Comp Underwriters Predict Higher Premiums, Conning Study Says
Aug 29 2000 // A new Conning & Company study reports that 90.4 percent of workers’ compensation insurers surveyed believed that the industry will see increased premium rates, suggesting that the era of price competition is...
CNA, Chubb to Sell Associated Aviation Underwriters
Jul 31 2000 // CNA announced today that it has entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement...
Brooklyn Underwriter Arrested for Submitting Fraudulent Claims
Jul 27 2000 // New York Superintendent of Insurance Neil D. Levin said that Camille Sautner, 26, was arrested on various charges for defrauding Chubb Insurance Company out of $45,000. The arrest is the result of a joint investigation...
American Financial Group Faces Litigation, Decline in Underwriting Results
Jun 30 2000 // American Financial Group, Inc.’s second quarter earnings from insurance businesses will be negatively impacted by certain litigation charges and by lower than expected underwriting results in its property and...
