Placing Industry Loss and Loss Adjustment Expense Reserving into Perspective In an April 2004 edition of Insurance Journal, Mark Wells, publisher, utilized the ‘On the Street’ column to frame the issues related to the current situation of the property/casualty insurance …
The capital surplus for U.S. property casualty insurers increased by 21.8 percent in 2003, fueled by “vastly improved operating earnings” and a big boost in unrealized capital gains, according to A. M. Best Co. Best said the surplus is at …
Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and independent insurance agents will still be …
A special report released by A.M. Best Co. cites “vastly improved operating earnings” recorded in 2003 and a considerable boost from unrealized capital gains, as fueling a 21.8 percent increase in the U.S. property/casualty industry’s overall surplus. Best said: “These …
Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and independent insurance agents will still be …
To assist P/C insurers on improving speed-to-market, the Property Casualty Insurers Association of America (PCI), the National Association of Insurance Commissioners (NAIC) and InSystems are sponsoring a free seminar for property/casualty insurers to build awareness of NAIC’s initiatives, current P/C …
A special report released by A.M. Best Co. cites “vastly improved operating earnings” recorded in 2003 and a considerable boost from unrealized capital gains, as fueling a 21.8 percent increase in the U.S. property/casualty industry’s overall surplus. Best said: “These …
On November 12, 2004, insurance industry representatives will unveil what they say is a plan to demonstrate the industry’s commitment to ensuring that Ontario consumers enjoy the highest level of transparency and confidence in their dealings with the property and …
Oakland, Calif.-based EQECAT Inc. announced that in response to growing concerns over increasing wildfire and flood losses, it has released the first probabilistic models for managing property risk due to wildfire and flood in the U.S. “Industry losses due to …
The St. Paul Travelers Companies Inc. issued the following statement today after receiving a subpoena from New York Attorney General Eliot Spitzer’s office: “As part of an ongoing, industry-wide investigation of insurance sales practices, the Office of the Attorney General …
