The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the benefits derived from compounded annual pricing increases and improved …
When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property/casualty industry over the period June 2002 through Dec. 31, 2002, who would have speculated that …
Undervaluation statistics for U.S. homeowners business have improved dramatically, according to Robert Crine, president of Marshall & Swift / Boeckh (MS/B). Crine announced the news to senior executives from the P/C industry at MS/B’s annual Client Conference in Atlantic City, …
Computer Sciences Corporation has introduced POINT IN, insurance administration software CSC designed for small- to mid-sized property and casualty (P/C) insurers and managing general agents. POINT IN, which is a new version of CSC’s POINT system, aids users to reduce …
San Rafael, Calif.-based Fair Isaac Corporation announced two new appointments to their executive staff. Cy King has been appointed vice president of Property and Casualty Predictive Analytic Solutions and Joel Portice has been named vice president of Healthcare Solutions. These …
The property/casualty industry’s combined ratio improved about 2.6 points to 99.7 for the first quarter in 2003, the industry’s strongest first-quarter underwriting performance in the most recent five-year period, according to a special report released by A.M. Best Co. The …
Despite substantial rate increases over the past three years, property/casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting Inc. “Property-Casualty Forecast and Analysis by Line of Insurance, First Quarter …
Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of approximately 10 percent in 2003, …
Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness to be insured by a vulnerable carrier, given …
“Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum. Sullivan’s words were marked with caution as he warned …
