National Underwriter Property & Casualty-July 25, 2011

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  • Where Does NU Get Its Numbers?


    The data source for this report is the National Association of Insurance Commissioners Annual Statement Database via Highline Data, which is a Summit Business Media affiliate of NU. All data is net of reinsurance and current as of early July.

  • Annual Rankings Reveal Increased Premiums, But Weaker Profit Picture

    Susanne Sclafane

    Two-thirds of the top 100 insurance groups saw net premiums written increase in 2010, but combined ratios worsened for just about as many, according to the latest midsummer NU’S Top 100 P&C Ranking. NU looks past $17 billion in reserve takedowns for the industry, a $5 billion boost for Chartis,...

  • Some Allstate Agents Look To Unionize

    Mark E. Ruquet

    An Allstate agents’ group is asking its members to consider aligning with a union and forming a guild to aid in its fight against what the group says are unfair business practices toward agents by the company.

  • Prudential Charters First N.J. Captive Insurer

    Caroline McDonald

    The Prudential New Jersey Captive Insurance Co. (NJCAP) has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

  • Accenture Acquires Duck Creek

    Robert Regis Hyle

    In what industry observers are describing as a “significant deal,” Accenture has entered into an agreement to acquire privately held Duck Creek Technologies, which specializes in software solutions for the property and casualty insurance industry. Terms of the transaction, which is expected to close within the next 30 days, were...

  • Zurich Closer To Entering Latin America Market

    Mark E. Ruquet

    Zurich Financial Services Group says it has signed a definitive agreement with Banco Santander SA to buy a majority interest in the bank’s Latin America insurance operations.

  • Agents, MetLife Clash Over Auto Insurance Paid For By GM

    Mark E. Ruquet

    An independent insurance-agents’ group is protesting a program where buyers of new GM automobiles receive a one-year auto-insurance policy at no extra cost through MetLife, but MetLife says the plan complies with state regulations.

  • NAIC Drops Support Of MLR-Exemption Bill

    Arthur D. Postal

    The National Association of Insurance Commissioners (NAIC) has decided an indirect, behind-the-scenes approach to reducing the strain on health-insurance agents through the medical-loss ratio (MLR) provision will be most effective.

  • Top List Of Top Lists

    Bryant Rousseau

    We—and by “we” I mean humans—love lists. As intensely social, status-conscious animals, something buried deep in our DNA makes us relish rankings of the best and the biggest or the weakest and the worst.

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