After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002 showed generally rising premiums, and earnings …
A new report from Fitch Ratings backs up what many industry experts have reported—2001 was a bad year for the P/C industry, noting an after-tax loss for the first time in history. Fitch, however, sees improved underwriting performance for 2002. …
The International Mass Marketing Association (IMMA) still is accepting registrations from agents, brokers and carrier representatives for its 2002 Annual Conference, to be held May 19-22 in Jacksonville, Fla. at the Hilton Riverfront Hotel. An excellent agenda has been finalized …
The events of Sept. 11 and declines in interest rates and the stock market all contributed to make 2001 the worst year ever for the property/casualty industry, according to just released numbers from Insurance Services Office Inc. (ISO) and the …
Insurance Brokers & Agents of Burbank, Glendale, Pasadena, and the San Fernando Valley and IIABA of Los Angeles will be hosting their annual “I” Day 2002 on April 2, at the Sheraton Universal Hotel in Universal City. This year, principles …
Seattle-based SAFECO Corp. has announced its plans to increase rates for its personal and commercial auto insurance policies in 2002. According to Associated Press, SAFECO president Mike McGavick stated the company’s intentions to increase auto insurance rates by 7 percent …
According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The Times quoted …
SCSI, a producer of real-time information systems for data access and management, and Vitria, a collaboration platform and collaborative applications provider, announced a partnership to serve the property and casualty insurance vertical market. The combination of Vitria BusinessWare® and BIAS™ …
The U.S. property/casualty industry registered a $3.1 billion net loss following taxes through nine-months 2001– its first-ever net loss following taxes through nine months. Reflecting the net loss and unrealized capital losses on investments, the industry’s surplus fell $35.5 billion, …
The Board of Directors of New Jersey-based Preserver Group, Inc. announced plans to offer $7.75 per share for all of the Group’s publicly held common stock as part of a plan to privatize the company. In a public statement it …
