All the headlines from our Underwriting Topic Page, ordered by recency.
Feb 21 2002 // The St. Paul Companies announced that Kae Lovaas, 46, has been named senior vice president in charge of operations for the company’s U.S. Insurance Operations.Lovaas will report to Marita Zuraitis, executive vice...
Feb 15 2002 // As of Feb. 12, 2002, 21 states have introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. On Feb. 13, the Minnesota House...
Feb 12 2002 // CNA Surety Corporation reported that net income for the fourth quarter of 2001 decreased to $0.6 million, or $0.01 per share, from $12.0 million, or $0.28 per share, for the same period in 2000. Operating earnings, after...
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Feb 11 2002 // Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of...
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Feb 4 2002 // Insurance scores provide companies an objective and unbiased underwriting tool, Sam Sorich, vice president and western regional manager of the National Association of Independent Insurers (NAII) explained last week during...
Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...
Jan 31 2002 // Switzerland’s Converium Holding Ltd. announced that its U.S. subsidiary Converium Insurance (North America) Inc. (formerly ZC Insurance Company) has reached an agreement with Crop 1 Insurance of Des Moines, Iowa to...
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Jan 28 2002 // • A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Jan 23 2002 // Proposed laws that severely limit or ban the use of credit-based insurance scoring-which could result in higher rates for most consumers — are gaining momentum in the Indiana Legislature.Senate Bill 409, which would...
Jan 14 2002 // A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
Jan 3 2002 // Chicago-based Hub International Limited (Hub) announced an agreement to sell its underwriting subsidiaries, Old Lyme Insurance Company of Rhode Island Inc. and Old Lyme Insurance Company, Ltd. (Old Lyme) to Fairfax Inc....
Dec 28 2001 // The Board of Directors of the National Association of Mutual Insurance Companies (NAMIC) has endorsed the use of a consumer’s credit history by property/casualty insurers to help them make underwriting, marketing and...
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 12 2001 // Julian James, Lloyd’s Director of Worldwide Markets, speaking at a conference in Paris, warned that marine underwriters should rethink and restructure the way they they write risks, as bigger vessels, more passengers...
Dec 12 2001 // The use of credit-based insurance scores in underwriting and rating is an actuarially sound practice that carries benefits and responsibilities for insurers and consumers alike, the American Insurance Association said at...