Risk-based capital: is your company ready?

Article Abstract:

Risk-based capital (RBC) standards are needed for the insurance industry and will emerge as an important issue in the 1990s. RBC standards are currently being developed by the National Association of Insurance Commissioners. Creation of RBC standards, which would relate the reported statutory surplus of a company to the risks involved in operations, will be very important to the property and casualty industry by providing improved capitalization standards.

Fire, marine, and casualty insurance, Standards, Risk (Insurance)

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The industry at a turning point

Article Abstract:

The property and casualty insurance industry has had soft market conditions to deal with from 1988 through 1995. Strong competition, rate levels that are too low and pending financial disaster as a result of potential environmental liabilities are some of the major financial pressures affecting the industry. Mergers and restructuring will enable the abundance of companies to become a more reasonable amount.

Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Surety insurance, Industry Overview, Analysis, Cover Story, Property and casualty insurance industry

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Perspective on good bank/bad bank structures

Article Abstract:

Insurance industry representatives, regulators and rating agencies are debating the merits of good bank/bad bank structures. Cigna Corp plans to separate its liabilities into an active pool and an inactive pool. A.M. Best Company Inc believes that the number of good bank/bad bank structures will be limited by costs and fiduciary responsibilities.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Management, Insurance industry, CIGNA Corp., CI, ITT Hartford Group Inc., Talegen Holdings Inc., Home Holdings Inc., HHI

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