Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
MARINE UNDERWRITERS ASSOCIATION REVISES CARGO CLAUSES:
Jun 7 2004 // The American Institute of Marine Underwriters (AIMU) has revised the association’s cargo clauses for the first time since 1966. AIMU chairman David French said the revisions would make the forms more consistent with...
Marine Underwriters Association Revises Cargo Clauses; First Revision in 38 Years
May 24 2004 // The American Institute of Marine Underwriters (AIMU) has revised the association’s cargo clauses for the first time since 1966. AIMU chairman David French said the revisions would make the forms more consistent with...
Best Releases Latest Version of Underwriting Guide
May 21 2004 // A.M. Best Co. announced the release of the “second flow” of its 2004 Underwriting Guide. The publication is aimed at helping insurance underwriters and risk managers gain a better understanding of industrial...
ICAT Hires Pilawa as Senior Underwriter
May 21 2004 // Boulder, Colo.-based International Catastrophe Insurance Managers LLC (ICAT) announced that Peter Pilawa has joined the company as a senior underwriter. Pilawa joins the company’s Middle Market Business Unit, and...
Best Affirms Rating for ING Canada Group
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada Group (ING Canada) (Toronto). The group, which operates under a pooling arrangement, includes Belair Insurance Company Inc., ING...
High-Tech Systems Help Make the Agent an Underwriter
May 17 2004 // Many carriers, especially commercial lines carriers, rely on independent agencies to sell and service policyholders. The agency typically owns and maintains the relationship with the insured. Carriers that maximize agent...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
Houston Casualty Co. Affirmed
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
Conn. Underwriters: Thinking Inside the Box
May 17 2004 // Bill Kiley is well aware of the need to think outside the box in any business but the New England insurance wholesaler has hit upon a hot idea by doing just the opposite. For the past few months Kiley has been focused on...
All the World’s a Market for Rekerdres & Sons
May 17 2004 // Texas agency insures nearly half of the nation’s cotton exports. Ted Rekerdres never intended to go into the insurance business, but an effective sales job by his father “Rek” Rekerdres, who established...
RMS, Marshall & Swift/Boeckh Form Partnership to Enhance Property Valuation for Risk Analysis
May 6 2004 // Newark Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, and Marshall & Swift/Boeckh (MS/B), leaders in building cost solutions to the...
Underwriting the Guessing Game of EPL Premiums
May 3 2004 // Insurance Journal Magazine • March 8 issue “Fascinating article. I now know what to ask and look for when my EPL comes up soon.” — Joyce Nielsen, Exeter, Calif.
P/C Income, Surplus Rise Sharply in 2003
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Underwriting the Guessing Game of EPL Premiums
May 3 2004 // Insurance Journal Magazine • March 8 issue “Fascinating article. I now know what to ask and look for when my EPL comes up soon.” — Joyce Nielsen, Exeter, Calif.
Hooper Holmes Buys Mid-America Agency Services
May 3 2004 // Hooper Holmes, Inc. (AMEX:HH) of Basking Ridge, N.J., has acquired privately held Mid-America Agency Services, Inc. (MAAS), which provides risk selection services to the insurance underwriting industry. In addition to...
Underwriting the Guessing Game of EPL Premiums
May 3 2004 // Insurance Journal Magazine • March 8 issue “Fascinating article. I now know what to ask and look for when my EPL comes up soon.” — Joyce Nielsen, Exeter, Calif.
Houston Casualty Co. Affirmed, Outlook Stable
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
ACUITY Promotes Ramos to Commercial Underwriter
Apr 21 2004 // Sheboygan, Wis.-based regional property/casualty insurer ACUITY recently promoted Laura Ramos to commercial staff underwriter. Since joining ACUITY in January 2001, Ramos had been a commercial lines underwriter. Prior to...
Willis Reports on Insurance Marketplace Conditions
Apr 20 2004 // Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain...
P/C Net Income Propels Surplus
Apr 14 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
