All the headlines from our Underwriting Topic Page, ordered by recency.
May 7 2001 // The “AApi” FSRs on Republic Underwriters Insurance Co. (RUI) was lowered to “Api” by S&P. The rating action also applies to RUI’s 100 percent reinsured affiliates: Republic Lloyds;...
Apr 30 2001 // Aon Corporation announced April 20 it was spinning off its underwriting businesses for its common stockholders, forming two separate, publicly traded companies in the process.The spin-off will take the shape of a tax-free...
Apr 30 2001 // With summer just around the corner; nearby lakes and rivers are being overrun with boats and personal watercraft. The boating and watercraft business in the United States has grown into a major industry, and it shows no...
Apr 24 2001 // Seattle-based SAFECO reported a first-quarter operating income of $12.0 million. SAFECO President and CEO Mike McGavick said these results are right on target with the company’s plans for the first quarter and are...
Apr 23 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
Apr 16 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
Apr 13 2001 // Wellington Underwriting Plc, a Lloyd’s insurance underwriter which failed in a bid to buy Limit Plc last year, notes that full-year profit dropped 32 percent due to a slowdown in the insurance industry. Net income...
Apr 11 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, Insurance Services Office Inc. and the National Association of...
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
Apr 6 2001 // The California Department of Insurance has issued a Cease and Desist Order against International Marine Underwriters Ltd.; International Wet Marine Underwriters; Marine Specialty Management; Commercial Water Sports...
Apr 2 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned.At...
Mar 26 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned.At...
Mar 26 2001 // Three months into the new year, the picture for the California workers’ comp market is not pretty, and it’s likely to get worse. Developments in recent weeks-including lowered ratings, carrier losses, declining...
Mar 19 2001 // Amid signs that the property/casualty insurance market is improving, insurers’ prospects for greater profitability may actually be diminishing in today’s rapidly slowing economy, an industry leader warned.At...
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...
Mar 12 2001 // The NONSTANDARD AUTO MARKET gets ready for action that will include increased RATES, risking LOSSES and overall market VOLATILITY.The nonstandard auto market enjoyed above-average growth and profitability across the...
Mar 5 2001 // Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and...
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Feb 12 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Jan 17 2001 // Nevada-based TeleMedica Insurance Management announced that AXA Courtage had agreed to underwrite “a TIM-branded family of worldwide medical insurance plans targeted to expatriates.” The plan calls for the AXA...