Catastrophes, asbestos hurt multi-peril writers

Article Abstract:

Insurers' experienced underwriting losses from commercial multi-peril lines for the seventh straight year in 1995. Intense competition continued to affect premiums, and catastrophe, asbestos and environmental losses, together with significant reserve strengthening, impeded earnings. The industry's $2.47 billion underwriting loss for commercial multi-peril, while significantly better than 1994's $3.41 billion loss, remains a concern.

Commercial Property & Liability Insur

---

Medical malpractice lost steam in 1995

Article Abstract:

Statistics on medical malpractice insurers in 1995 show sluggish results during the year. Premiums were flat during the year, while loss adjustment expenses rose to $1.51 billion, a record level. The niche had its second year of underwriting gains after dividends, but the amount dropped dramatically from $87 million in 1994 to $10 million in 1995. Heightened competition and changes in the marketplace helped shape the results.

Malpractice Insurance

---

Homeowners results pummeled

Article Abstract:

Catastrophes continued to haunt homeowners insurers in 1995. Across all lines, insured catastrophe losses totaled $8.3 billion, worse only than 1994's $17 billion and 1992's $22.9 billion. The 1995 combined ratio for homeowners multiperil coverage was 112.7, compared to 106.4 for the the overall industry. The five-year combined ratio for homeowners was 124.2, compared to 109.2 overall.

Fire, marine, and casualty insurance, Fire & Theft Insurance, Homeowners' insurance

Similar abstracts:

• Abstracts: Building new catastrophe models. Managed care mysteries haunting workers' comp
• Abstracts: Banks stake their claim. Bancassurance American style: opportunities in partnerships. Distribution channels debated for banks in insurance
• Abstracts: Chiropractic satisfies customers. How the Blues are adapting in a fast changing market. Health plan vs. provider: yesterday's adversaries, tomorrow's partners
• Abstracts: Appeal of outsourcing grows as competition intensifies. Farming out word-processing
• Abstracts: The art of crisis management. Bringing down the house

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.