All the headlines from our Underwriting Topic Page, ordered by recency.
Feb 9 2004 // The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897.“I’ll never insure a gasoline can on wheels,”...
Feb 9 2004 // Fitch Ratings assigned a “BBB” long-term rating to RLI Corp. (RLI) and a “BBB” rating to RLI’s 5.95 percent senior unsecured notes due in 2014. In addition, Fitch assigned “A”...
Feb 5 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months and full year ended Dec. 31, 2003.Highlights for the 2003 fourth quarter and full year include the following: · Argonaut Group’s...
Feb 5 2004 // The Hartford announced that it’s broadening its definition of small businesses and plans to offer more tailored coverages from more “dedicated underwriters” and faster responses to the needs of the...
Jan 30 2004 // Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not...
Jan 29 2004 // Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S....
Jan 26 2004 // Ohio Insurance Director Ann Womer Benjamin’s first year in office since her appointment by Republican Gov. Robert Taft has been marked principally by her efforts to get a handle on the state’s medical liability...
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
Jan 19 2004 // Benfield, an independent insurance intermediary, has released a new report, which concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting...
Jan 16 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property...
Jan 14 2004 // Richard Swoy, chairman of Irvine, Calif.-based Superior Access Insurance Services Inc. has announced that a new specialty program is available to California agents and brokers having problems placing homeowners’...
Jan 13 2004 // ACE Tempest Reinsurance Ltd. (ACE Tempest Re) and AIR Worldwide Corporation (AIR) announced the first implementation of an innovative toolset, CATools, which reportedly significantly increases the efficiency of the...
Jan 12 2004 // Nuts & Bolts: Superior Access Insurance Services Inc. has a new, non-underwritten homeowners program now available in California, which is virtually non-underwritten. Designed for homeowners in hard to qualify areas...
Jan 12 2004 // Fitch Ratings has assigned a ‘BBB’ long-term rating to RLI Corp. and a ‘BBB’ rating to RLI’s 5.95 percent senior unsecured notes due 2014. In addition, Fitch has assigned ‘A’...
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Dec 22 2003 // The Independent Insurance Agents of New Jersey recently provided input to the New Jersey Department of Banking and Insurance (DOBI) on several proposed regulations implementing the “Competition and Choice Act signed...
Dec 19 2003 // A.M. Best Co. announced that it has affirmed the ‘A-‘ (Excellent) rating of Lloyd’s Syndicate 570 and the ‘A’ (Excellent) ratings of Syndicates 609 and 382.Syndicate 570 is managed by Atrium...
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co.Driving these...
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...