Latest Underwriting Headlines

All the headlines from our Underwriting Topic Page, ordered by recency.

Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s

Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...

When the Market Provides No Answer,Insurers Offer Online E&S

Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...

Workers’ Comp Underwriters Predict Higher Premiums, Conning Study Says

Aug 29 2000 // A new Conning & Company study reports that 90.4 percent of workers’ compensation insurers surveyed believed that the industry will see increased premium rates, suggesting that the era of price competition is...

CNA, Chubb to Sell Associated Aviation Underwriters

Jul 31 2000 // CNA announced today that it has entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement...

Brooklyn Underwriter Arrested for Submitting Fraudulent Claims

Jul 27 2000 // New York Superintendent of Insurance Neil D. Levin said that Camille Sautner, 26, was arrested on various charges for defrauding Chubb Insurance Company out of $45,000. The arrest is the result of a joint investigation...

American Financial Group Faces Litigation, Decline in Underwriting Results

Jun 30 2000 // American Financial Group, Inc.’s second quarter earnings from insurance businesses will be negatively impacted by certain litigation charges and by lower than expected underwriting results in its property and...

School Rules For the New Millennium

Jun 26 2000 // Today, there are roughly 51.5 million public and private school students and 3 million teachers in the United States, according to the NationalSchool Boards Association. And although these schools are scattered across the...

P/C Industry’s Net Income Dropsby a Third in First-Quarter 2000

Jun 26 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office Inc. (ISO)...

Aviation Prices Go Up, Up and Away

Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses.Some underwriting companies also insure an array of aviation-related...

P/C Industry’s Net Income Drops by a Third in First Quarter 2000

Jun 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office, Inc. (ISO)...

SCHOOL RULES FOR THE NEW MILLENNIUM: School Districts Face New Risks from the Playground to the Clas

May 29 2000 // With the new millennium comes a complex array of challenges to America’s public schools. Among them are the need to improve academic performance, reduce overcrowded classrooms, meet the needs of a growing number of...

Alleghany Completes Sale of Underwriters Re

May 12 2000 // Alleghany Corp. has completed the sale of its Underwriters Re Group property and casualty reinsurance and insurance businesses to Swiss Re American Holding Corp. As previously announced, Alleghany is retaining Underwriters...

SAFECO Announces First Quarter Underwriting Loss

Apr 19 2000 // Seattle-based SAFECO Corp. announced that both Property & Casualty and Life & Investments operations performed below expectations during the first quarter. The underwriting loss is expected to be in the...

WORKERS’ COMP MARKET OVERVIEW

Apr 3 2000 // By Sky Barnhart“After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of business.” “Turbulent and...

INEX Adds Underwriting Members

Mar 15 2000 // Vesta Capital Insurance Syndicate Inc., a wholly owned subsidiary of Vesta Insurance Group of Birmingham, Alabama, was approved by the INEX Board of Trustees and Illinois Department of Insurance prior to year-end. Vesta...

Non-Profit Nursing Homes Receive TDI Assistance

Feb 2 2000 // Non-profit nursing homes and assisted living facilities in Texas will soon be admitted into the state’s Medical Liability Insurance Underwriting Association for the first time since 1982, with for-profit facilities...