Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Lloyd’s Underwriters, London Market Win Case
Nov 2 2001 // Underwriters at Lloyd’s of London and London Market insurance companies won an important reinsurance case recently when the New York Court of Appeals ruled that Travelers Casualty & Surety Company could not...
CNA Surety Corp. Third Quarter Net Income Down From 2000
Oct 31 2001 // Chicago-based CNA Surety Corporation reported net income for the third quarter of $12.0 million, or 28 cents per share, compared to $13.3 million, or 31 cents per share, for the comparable quarter in 2000. Operating...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
SAFECO Reports 3Q Results, Strengthens Reserves by $240M
Oct 23 2001 // SAFECO reported third-quarter income, before charges, of $7.8 million or $0.06 per diluted share. Including $240 million in reserve strengthening and previously announced restructuring charges, SAFECO posted a net...
Aon to Underwrite Direct Property/Casualty, Reinsurance Coverages
Oct 16 2001 // Aon Corporation will expand its underwriting operations to include direct property and casualty insurance and reinsurance policies, the company announced on Oct. 12. This coverage will be provided in addition to existing...
AIR Releases New Web Application for Underwriters
Oct 16 2001 // AIR, the Boston-based catastrophe modeling company, has announced the availability of AIRProfiler™, a web-based application that provides a quick and cost-effective means to assess the natural catastrophe hazard facing...
Triad Guaranty Insurance Opens Cleveland Underwriting Office
Sep 25 2001 // Triad Guaranty Inc. announced that its subsidiary, Triad Guaranty Insurance Corporation, has opened a Cleveland, Ohio underwriting office. The new office will serve customers in Ohio, Indiana and Michigan. It is...
Unique Coverages: A Hard Market Look at How Programs Are Meeting Needs of Challenging Risks
Sep 24 2001 // Underwriting tough risks can be particularly troublesome in a hardening market. Where do you turn when rates skyrocket, exclusions multiply or worse, when carriers begin to shut their doors to classes that no longer...
Progressive Redistributes August Underwriting Results
Sep 20 2001 // Mayfeld Village, Ohio-based Progressive Corporation is redistributing its August underwriting results, originally released Sept. 14, now that the markets are reopened to ensure complete dissemination. Progressive reported...
S&P Downgrades QBE’s Underwriting Units
Sep 19 2001 // The underwriting entities which make up Australia’s QBE Group became the first insurers to be downgraded by Standard & Poor’s following its assessment of the group’s exposure to the World Trade...
Unique Coverages, A Hard Market Look at How Programs Are Meeting Needs of Challenging Risks
Sep 17 2001 // Underwriting tough risks can be particularly troublesome in a hardening market. Where do you turn when rates skyrocket, exclusions multiply or worse, when carriers begin to shut their doors to classes that no longer...
Environmental Pollution Insurance: A Fluid and Ever-changing Market
Sep 10 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...
Universal Underwriters Lowered
Sep 10 2001 // S&P lowered its FSR on Universal Underwriters Insurance Co. and its fully reinsured subsidiary, Universal Underwriters of TX, to “BBBpi” from “Api.” The rating action is based on the...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
ISO Adds Fast Internet Access to Underwriting Support Databases
Aug 22 2001 // Users of A-PLUS™, Insurance Services Office Inc.’s loss-history underwriting service, can now order and retrieve information through ISO Passport(SM), ISO’s new Internet-based delivery system. A-PLUS –...
FileNET Announces Acenza Underwriting and Policy Administration for P/C Marketplace
Aug 21 2001 // FileNET Corp., a provider of business process management solutions, announced the availability of Acenza Underwriting and Policy Administration, the latest addition to FileNET’s Acenza for Insurance suite of...
Progressive Releases July Underwriting Results
Aug 20 2001 // The Progressive Corporation reported that for July 2001, the Company produced a GAAP combined ratio (CR) of 94.7. Net premiums written for the month increased 16 percent to $732.3 million, compared to $634.0 million last...
The Shrinking, Expensive Market for Nursing Home Coverage
Aug 20 2001 // I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance...
The Info Management Challenge
Aug 20 2001 // One burdensome fact of professional life for agents is that the industry may be the unrivaled champion when it comes to accessing and maintaining consumer information. This information can come from a variety of sources...
ICAT Positions Pair of Underwriting Managers
Aug 7 2001 // Catastrophe insurance specialist International Catastrophe Insurance Managers, LLC (ICAT) has named Shannon King Regional Underwriting Manager for California and Cathy Schablitsky Regional Underwriting Manager for...
