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.

Conferences, meetings and seminars, Risk management, Beliefs, opinions and attitudes, Insurance brokers, Risk and Insurance Management Society Inc.

---

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.

Finance, Property and casualty insurance

---

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.

Illustration

Similar abstracts:

• Abstracts: Market conduct emerges as rating issue. Insurers won't succeed doing business as usual. Risk-based capital: is your company ready?
• Abstracts: Disability reinsurers taking on a new role. The key to distribution: value. Blue-collar disability can mean green for you
• Abstracts: Merger mania - reinsurance repercussions. Treating the agony of assumptions
• Abstracts: Interim rules governing the Newborns' and Mothers' Health Protection Act of 1996. IRS releases guidance on contingent worker issue
• Abstracts: Assisting clients with self-insurance. But outlook is only fair as competition heats up

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