All the headlines from our Underwriting Topic Page, ordered by recency.
Sep 4 2002 // The West Virginia Department of Insurance’s informational letter addressing credit-based insurance scoring in personal lines would severely restrict the use of a proven underwriting and rating tool, according to the...
Aug 30 2002 // The Chicago Board of Underwriters announced that the it will hold its 154th Annual Meeting and Luncheon on Wednesday, September 18, 2002 at the Union League Club of Chicago. The event will include a keynote address and...
Aug 19 2002 // As wholesalers and managing general agents (MGA’s), we often serve our insurance retailers by offering contract programs where we have been “given the pen” and are allowed to underwrite and bind business...
Aug 19 2002 // As wholesalers and managing general agents (MGA’s), we often serve our insurance retailers by offering contract programs where we have been “given the pen” and are allowed to underwrite and bind business...
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Aug 8 2002 // Texas-based Argonaut Group Inc., a specialty insurer, announced financial results for the three- and six-month periods ending June 30. In addition, the company’s board of directors declared a regular quarterly cash...
Aug 7 2002 // A.M. Best reported that one of Lloyd’s managing agencys, Hardy Underwriting Group plc, has been approved to increase the underwriting capacity of its syndicate 382 to 100 million pounds ($1 = 0.64 pounds) for the...
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Jul 30 2002 // Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability...
Jul 22 2002 // It is a rare occurrence today, but not so long ago tying down the safety valve was viewed as an acceptable way to improve a steam boiler’s performance when demand peaked. The objective was to increase the...
Jul 17 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners, LLC, a management company that oversees managing general underwriter (MGU) program business. Diem, 55, has...
Jul 10 2002 // The property/casualty insurance industry recorded its first-ever net loss after taxes in 2001, stemming from sharply higher underwriting losses and substantial deterioration in investment results, according to Insurance...
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard market.The...
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard market.The...
Jul 3 2002 // Insurance Services Office, Inc. (ISO) has added to the ISO Employers AdvantageSM employment-practices liability (EPL) program with a comprehensive underwriting guide that will assist insurers in evaluating their...
Jul 2 2002 // Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in...