RIMS participants expect more from insurers and brokers
Article Abstract:
Risk managers criticized both insurers and brokers at a 1993 meeting of the Risk and Insurance Management Society. Risk managers said that insurers were failing to capitalize on the market for environmental impairment insurance. In addition, insurers were not offering much-needed credit insurance and frequently would not insure a company's subsidiary if it was in a different business from the parent company. Also, participants criticized brokers for being uninformed about their clients and unaware of excess and surplus lines carriers and alternative markets.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1993
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Distribution of assets - 1991
Article Abstract:
The top 100 property and casualty insurers recorded statutory assets of $506.1 billion in 1991 - 85% of all industry assets. A positive cash flow enabled these insurers to increase assets by 8%. At the top of the list is State Farm, with admitted assets of $51 billion. At the bottom is Tokio Marine & Fire Group, a newcomer. Bonds comprised 60.5% of admitted assets; real estate investments, 1.2%; cash position, 0.6%; and premiums and agents balances, 8.0%. Nonadmitted assets accounted for 7.7% of total assets.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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Best's rating monitor
Article Abstract:
The 1992 annual review of property and casualty insurance firms is presented. The ratings are based on a company's financial strength and its ability to meet its obligations to its policyholders. The companies are listed alphabetically, with their 1992 and 1991 financial performance indices given for comparison. A brief rationale for the rating is also given.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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