Captives keep thriving in the soft marketplace

Article Abstract:

Many insurance companies that formed captives companies have decided to stick with the captives business despite a decline in insurance rates throughout the industry. Traditionally, many captives companies have dissolved when rates dropped, but in Vermont, 21 new captives companies formed in 1994. AM Best Co property casualty div assistant VP John Andre says that businesses that have insured through the captive market are more closely tied to their captives companies and are less able to withdraw their initial capital.

Analysis, Management, Captive insurance companies

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The other side speaks: three other plaintiffs' lawyers have some chilling thoughts for insurers - and a few surprisingly kind words

Article Abstract:

Best's Review associate editor Susan Briggs interviewed three leading plaintiffs' lawyers heading the market conduct issue. The interviewees are Melvyn I. Weiss, senior partner of Milberg Weiss Bershad Hynes & Lerach, LLP, New York; Robert K. Scott, law offices of Robert K. Scott, Newport Beach, CA; and Ron Parry, senior partner, Arnzen, Parry & Wentz, Covington, KY. Scott says the industry can fix problems by informing clients with full disclosure of all the different variables and options.

Legal services, Offices of Lawyers, Forecasts and trends, Interview, Law firms, Weiss, Melvyn I., Scott, Robert K., Parry, Ron

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General liability held back on A&E reserving

Article Abstract:

Statistics on general liability insurers show that the group made up for under-reserving of previous years in the asbestos-related and environmental niche in 1995. The reserving efforts are likely to have helped build long-term economic health for the niche, but the effort dampened bottom lines during the year, as it was combined with low growth in premiums. Of the $18 billion in total underwriting losses in 1995, general liability losses comprised 35%.

Statistics, Liability insurance

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