Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Commercial Auto-The LONG Road Back to Profitability
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Commercial Auto: The Long Road Back to Profitability
Feb 12 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
AXA Courtage To Underwrite, Assist TIM Global Healthcare Plan
Jan 17 2001 // Nevada-based TeleMedica Insurance Management announced that AXA Courtage had agreed to underwrite “a TIM-branded family of worldwide medical insurance plans targeted to expatriates.” The plan calls for the AXA...
It’s a Surety Thing: Companies Are On the Move in the Surety Market
Jan 15 2001 // For the past decade, the surety market has been profitable and today, competition remains strong. Underwriters come and go while the economy plays a major role in this segment of the industry. Even with big losses in 1999,...
RLI Reports Modest Growth for 2000; Underwriting Results Mixed
Jan 11 2001 // RLI Corp. reported fourth quarter net operating earnings of $6.3 million ($.63 per diluted share), a 15 percent per-share decline over the $7.4 million ($.74 per share) result from the same quarter last year. Year-end...
Lloyd’s Capacity Up, As Three New Syndicates Begin Underwriting
Jan 9 2001 // Lloyd’s announced that three new syndicates have started trading adding £236 million ($355 million) to its underwriting capacity which now totals £11.06 billion ($16.6 billion), 10 percent over year 2000...
A.M. Best Downgrades Amwest to C-
Dec 19 2000 // A.M. Best Co. has downgraded the financial strength rating of Amwest Insurance Group, Calabasas, California, to C- (Weak) from B (Fair). This rating action applies to Amwest Surety Insurance Company and its subsidiary, Far...
Real-time, Point-of-Sale Insurance Underwriting Launched by Fair, Isaac
Dec 8 2000 // Fair, Isaac and Co., a provider of decision technology, has launched ClickPremium, an “e-Decisioning'” solution for insurance companies. ClickPremium provides insurance underwriters with real-time...
Lloyd’s, IUA, London Brokers Agree on Reforms
Nov 21 2000 // After a seven-month dialogue Lloyd’s, the International Underwriting Association and the Lloyd’s Insurance Brokers’ Committee have reached agreement on basic reforms of the way business is to be conducted...
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...
