MICHIGAN Commissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their home and automobile insurance rates. Attorneys for the state, …
Twig Branch Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his recent executive role with Shurgard Storage Centers Inc., and …
Most everything I know about growing my book of business I learned from the J. Paul Getty Museum in Los Angeles. My lessons learned do not come from the beautiful and historic works of art, rather, my lessons learned are …
Standard & Poor’s has published an analysis of the current state of the Australian P/C industry. The rating agency noted: “The softening insurance cycle has entrenched itself in commercial lines in Australia. Premium rate reductions between 5 percent and 20 …
The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-14 billion, according to a new study by Conning Research and Consulting Inc. However, the analysis by Conning Research suggests that 2006 may …
The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9, according to a special report released by the …
At a recent gathering of New York independent agents and executives in Westchester, a well-respected insurance company executive proceeded to give his impressions of what is happening in Washington with regard to the Terrorism Risk Insurance Act. He reported on …
Property and casualty insurers will see dramatic declines in core earnings power beginning as early as this summer and extending into 2006, according to a new study by Cochran, Caronia Securities LLC, an insurance industry investment banking firm. The study …
Two months before the study is expected to be done, the property casualty insurance industry is getting nervous about a study on terrorism insurance being conducted by the Treasury Department, a study some in Congress are waiting to read before …
The property/casualty industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), told the Casualty Actuarial Society Ratemaking …
