All the headlines from our Underwriting Topic Page, ordered by recency.
Oct 10 2002 // Auto insurance financial results will improve in 2002 and 2003, but these gains will be insufficient to return the industry to underwriting profitability, according to a report by Fitch Ratings.Based on the market’s...
Oct 7 2002 // Texas-based Leicht General Agency announced that Elva Harris has returned to the company’s Houston office as a senior Multi-line underwriter/broker and Donna Boyd has joined Leicht’s Dallas office in the same...
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link.The online rater...
Sep 30 2002 // As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries.The...
Sep 25 2002 // The U.S. property/casualty industry’s net income after taxes rose 66.4 percent to $4.6 billion in first-half 2002 from $2.8 billion in first-half 2001, primarily because of improved underwriting results. But the...
Sep 24 2002 // ACE USA appointed James Macdonald to the position of chief underwriting officer. Macdonald will have overall management responsibility for the underwriting function for ACE USA and ACE Canada. Macdonald has more than 30...
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placementPlatinum was established in...
Sep 16 2002 // W. R. Berkley Corporation announced the formation of B F Re Underwriters, LLC, an underwriting management group specializing in the underwriting of casualty facultative reinsurance on a direct basis.Daniel Avery, who was...
Sep 16 2002 // The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio are jointly sponsoring “Underwriting for Non-Underwriters,” a seminar to be held October 2 in San...
Sep 10 2002 // Bermuda-based Allied World Assurance Company (AWAC) announced that Scott Carmilani has been named to the position of Senior Underwriting Officer and that Leon L. Bascome has been appointed to the position of Assistant VP,...
Sep 4 2002 // The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio announced a jointly sponsored “Underwriting for Non-Underwriters” seminar to be held Oct. 2, in San...
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...