A year of modest premium growth: competition in the property/casualty market held 1996 premium growth to 3.6%
Article Abstract:
The property/casualty insurance industry registered a measly 3.6% growth in 1996 most of which came about in the fourth quarter. The 10 largest property/casualty insurers wrote a total of $111.81 billion in net premiums which is a 7.7% increase from 1995's $103.82 billion. State Farm Group, which still dominated the industry with a 3.8% increase in premiums, comprised 13% of the industry's total writings. Allstate Insurance Group was again ranked second with a total increase in net premiums of 1.6% from 1995.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Footnote 24 ushers in new era of A&E liability disclosure
Article Abstract:
The National Association of Insurance Commissioners has instituted a new annual statement disclosure requirement for asbestos and environmental (A&E) liabilities. Footnote 24 requires property and liability insurers to disclose a five-year history of A&E claim payments and reserves. Rating agency scrutiny, ownership changes and competitive market pressures contributed to the development of Footnote 24.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Fierce competition in product liability. EIL is poised for growth. Is the industry courting disaster?
- Abstracts: Rise of the insurance Webmasters. A woman's place: women handle competition differently, view themselves differently and may be better attuned to some changing aspects of insurance
- Abstracts: NAIC embraces push for reform with accreditation plan review
- Abstracts: Following business abroad. Succeeding in the competitive commercial lines marketplace. Will the industry speak one language in future?
- Abstracts: Insurers' cost cutting yields little improvement. Workers' compensation shows great strength; 1994 results are boosted by lower losses, reforms