Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
People
Apr 17 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
Tim Summers
Apr 17 2006 // People Pacific Specialty Insurance Co., Menlo Park, Calif., promoted Tim Summers to chief operating officer. Summers will continue his duties as executive vice-president and corporate secretary, overseeing the product...
Beacon Mutual CEO, Underwriting VP Suspended Following Audit
Apr 16 2006 // The board of directors at Beacon Mutual Insurance Co. suspended two executives with pay Friday following an audit report alleging that Beacon, the state’s dominant worker’s compensation insurance provider,...
Bond Insurers Urged to Travel Conservative Underwriting Route
Apr 14 2006 // Bond insurers had an interesting 2005, dealing with the ratings implications of natural disasters, airline and auto parts manufacturer bankruptcies, Securities and Exchange Commission and attorney general investigations,...
R.I.’s Beacon Mutual Hit for Cozy Culture Favoring Insiders, Big Accounts and Elite Agents
Apr 13 2006 // Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., has engaged in a pattern of favoritism benefiting select clients and agents; won and retained employer accounts by cheating on pricing...
GE Insurance Solutions Talks About Landing a Program Carrier
Apr 12 2006 // If you’re an agent or broker trying to land a program carrier, it’s one thing to have an in-force program with lots of history and experience data, but how do you market yourself to a carrier if you’re...
Professional Underwriters’ Public Entity Programs Available in Texas
Apr 10 2006 // Professional Underwriters, a national program administrator for public entities, announced that their public entity programs are now available in Texas. Professional Underwriters will offer casualty line coverages through...
Tower Group Pens Reinsurance, Pooling, Expense Pact with CastlePoint
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored. The move gives Tower reinsurance backing, additional...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Downsized D & O
Apr 3 2006 // It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time. Looking at the market’s...
8 Poe/Southern Family changes its Florida underwriting
Apr 3 2006 // Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against...
People
Apr 3 2006 // Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen president and CEO of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a...
Poe/Southern Family changes Fla. underwriting
Apr 3 2006 // News Currents Poe Financial Group has notified Florida agents for thousands of policyholders that its South-ern Family Insurance Company will no longer renew or insure new homeowner or commercial lines business. The...
Kristin Wall
Apr 3 2006 // Louisiana Workers’ Compensation Corporation named Kristin Wall, president and chief operating officer, to replace Steve Cavanaugh as chief executive officer. Cavanaugh tendered his resignation at the March 16 Board...
International
Apr 3 2006 // The London insurance market: The City and the regulators For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally....
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // News Currents A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer...
