Underwriting resurgence yields rare profit

Article Abstract:

The property and casualty insurance industry saw above-average growth in the workers' compensation insurers' niche. The niche, which posted the first underwriting profit in more than a decade, saw its combined ratio drop 4.4 points to 97 after policyholder dividends; its policyholders' dividend ratio decline .3 points to 6; and its loss adjustment expense ratio by .6 to 12.5. A 16% decrease in incurred losses were the primary reason for the improvements.

Property & Liability Insurance, Surety insurance, Finance, Insurance industry, Property and casualty insurance, Workers' compensation

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Inland marine study: underwriting losses continue in 1994

Article Abstract:

Inland marine insurance companies had a loss of $110.8 million in 1994, an increase of 4.3% over the 1993 loss of $106.2 million. Inland marine insurance companies had a gain for the last time in 1991 and it reached $167.4 million. Investment income has also continued to decline to $25.6 million in 1994 from $177.9 million in 1990.

Fire, marine, and casualty insurance, Marine Insurance, Industry Overview, Economic aspects, Inland marine insurance

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