Best's Review articles from April 2005

Best's Review archives from April 2005

Business not as usual.(Editor's Prologue)
April 1, 2005... Although many pundits are trying to predict the lasting impact of recent controversies on the insurance industry, it's ranch too soon to tell. What we do know for certain is that the overall imprint on insurance will be the result of the...

Allstate Insurance Co.(Edward Biemer appointed)(Brief Article)
April 1, 2005... Allstate Insurance Co. has named Edward Biemer to the dual role of president of retail broker/ dealer of Allstate Financial Services LLC and vice president of Allstate Financial Distribution at Allstate Insurance Co. Biemer was previously vice...

Converium Holding Ltd.(Terry G. Clarke appointed)(Brief Article)
April 1, 2005... Converium Holding Ltd. has named Terry G. Clarke chief executive officer. Clarke has been a member of Converium's board since 2002 and was appointed managing director in September 2004. Before he came to Converium, Clarke was managing...

St. Paul Travelers Cos.(Doreen Spadorcia, Thomas Kunkel appointed)(Brief Article)
April 1, 2005... St. Paul Travelers Cos. has named Doreen Spadorcia executive vice president of the company's claim organization. Spadorcia also will serve on the company's management committee. Most recently, Spadorcia was president and chief executive officer...

Who's new: among state insurance regulators.(Highlights From BestWeek)(Brief Article)
April 1, 2005... The November election not only brought changes in political officials, it also prompted shifts in 14 state insurance commissioners. Eleven states have named new permanent officials, while in three states, new officials have not been...

Horace Mann Educators Corp.(Frank D'Ambra III appointed)(Brief Article)
April 1, 2005... Horace Mann Educators Corp. has named Frank D'Ambra III senior vice the life and annuity division. D'Ambra will be responsible for business strategy and product management. Before joining Horace Mann, D'Ambra headed Financial Concepts, a...

UnumProvident Corp.(Joseph M. Zubretsky appointed)(Brief Article)
April 1, 2005... UnumProvident Corp. has named Joseph M. Zubretsky senior executive vice president of finance, investments and corporate development. Since 1999, and prior to joining UnumProvident, Zubretsky was president and chief executive officer of GAB...

Blue Cross Blue Shield.(Blue Cross Blue Shield of Missouri and Wisconsin appoints Stuart Campbell, Angela Braly)(Brief Article)
April 1, 2005... Stuart Campbell was named president and chief executive officer of Blue Cross Blue Shield of Missouri and Wisconsin, effective April 1, and Angela Braly was named executive vice president, general counsel and chief public affairs officer for...

Windstorms drove record losses in 2004.(By The Numbers)
April 1, 2005... Hurricanes in the United States and Caribbean, combined with typhoons in Japan and neighboring countries tallied $38 billion in insured losses according to Swiss Re's Sigma report, "Natural Catastrophes and Man-Made Disasters in 2004." ...

Meetings.(Calendar)
April 1, 2005... April 17-20 LOMA: International Underwriting Congress, NogaHilton, Geneva, Switzerland. Phone: (770) 984-3760. Web site: www.loma.org/ IUC.asp. April 17-21 Risk and Insurance Management Society: RIMS 2005, Philadelphia...

Forecast: U.S. D&O market should see steady capacity.(Brief Article)
April 1, 2005... The U.S. directors and officers market in 2005 should see unchanging capacity, increasing claims frequency and continuing difficulties for underwriters in obtaining reinsurance. This was the message that Fred Murnane, corporate market vice...

SEC grants A.M. Best NRSRO status.(Securities and Exchange Commission)
April 1, 2005... The following is text of an announcement released Thursday, March 3, 2005. A.M. Best Co. Inc. is pleased to announce that today it received notification it has been recognized as a Nationally Recognized Statistical Rating Organization...

Health insurers seek to curb costly use of diagnostic imaging.
April 1, 2005... Several health insurers have launched programs targeted at curbing the use of diagnostic imaging procedures--by requiring providers to follow quality guidelines they've established for imaging--with help from the radiology specialty. But a rift...

Best's rating changes.(Ratings)
April 1, 2005... This edition of Best's Rating Changes reflects all rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled in North America, as well as international insurance...

Rewriting the rules: insurers and brokers are forced to adopt new policies about commissions, disclosures and even the size of their organizations. Now they have to make the new model work.(Agent/Broker)
April 1, 2005... "We have said that the broker in the city of Baltimore who obtained the insurance was the agent of the defendant. But he performed other services in addition to obtaining the consent of the insurance company to its part of the contract. He was...

Selling in the new environment: a Best's Review survey shows that insurance agents and brokers are contacting customers more often and providing more information in response to the compensation controversy.(Agent/Broker)
April 1, 2005... If a single word can characterize the immediate changes that insurers, brokers and agents are seeing in insurance selling practices since the recent controversies about those practices began, the word is more--more quotes for coverage, more...

Comfort zone: risk managers seek TRIA renewal and disclosure of broker compensation.(RIMS Conference)
April 1, 2005... As thousands of risk managers meet in Philadelphia for their annual conference beginning April 17, they will spend the better part of five days absorbing information in workshops, listening to keynote speeches from industry executives, and...

Ace USA introduces hurricane product.(Loss/Risk Management Notes)(Brief Article)
April 1, 2005... Ace USA, the U.S.-based retail operations of the Ace Group of Companies, introduced Ace Spectra, an admitted insurance product that provides coverage for property damage and business interruption resulting from a tropical storm or hurricane....

Scarborough rolls out directors & officers coverage.(Loss/Risk Management Notes)(Brief Article)
April 1, 2005... Scarborough, a subsidiary of Aon Corp., is now offering financial institution bond and directors & officers coverage to financial institutions on a national basis through CNA. Called Scarborough Premier, the policies will be offered throughout...

ISO issues crime policy program for banks.(Loss/Risk Management Notes)(Insurance Services Office)
April 1, 2005... Insurance Services Office has introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability, enhancing its offering of fidelity and crime...

Defining the roles of agents and brokers.(Loss/Risk Management Notes)
April 1, 2005... As each U.S. state seeks to improve transparency in broker-compensation practices, a new study by Conning Research & Consulting Inc. brings to the fore one problem many regulators and legislators struggle to get a handle on: the distinction...

Planning on uncertainty: planning processes could be improved by relying on market indices rather than market forecasts.(Loss/Risk Management Insight)
April 1, 2005... "Oh no!" I exclaimed, "here it is again, and I haven't even recovered from the last one." In response to my colleagues' puzzled looks, I explained: "I've been summoned to participate in this year's planning process--another four weeks of...

Good night, finite? While regulators step up their scrutiny of past finite reinsurance transactions, industry watchers say there's still a valid place for the nontraditional transactions, if insurers toe the regulatory line.(Finite Reinsurance)
April 1, 2005... A rose by any other name would still smell as sweet. But if Shakespeare's roses had come under regulatory investigation, he, too, might have considered changing the name. Finite reinsurance, a nontraditional form of reinsurance, has been...

Policy for sale: the growth of life settlement sales is beginning to impact life insurance actuarial assumptions.(Life Settlements)
April 1, 2005... The growth in the life insurance secondary market, namely life settlements, is causing concern for life insurers, with experts saying life settlement transactions "distort" years of pricing assumptions life insurers have made on policies. ...

Instant information: health plans are encouraged by the slow, but steady progress in the development of electronic health records.(Electronic Health Records)
April 1, 2005... Imagine everything about your medical history--from the prescriptions you take to the results of your last physical examination--available at the click of a mouse, able to be accessed by health-care providers across the country. Technology...

Vital signs: Karen Ignagni of America's Health Insurance Plans looks at how health plans can mend what's broken in the health-care system and create affordable options for the uninsured.(Health Insurance)
April 1, 2005... Health plans will experience a very important year in 2005 as employers talk about not only how employees can pay more for insurance but also what tools they should deploy to improve value, reduce costs and improve transparency. This is just...

A whole new world: consumer-driven health plans and health savings accounts are blurring the line between health care and financial services.(Selling Insight)
April 1, 2005... Health savings plans, which are linked to high-deductible consumer-driven health plan products, are supercharging innovation as both the insurance industry and individuals begin to understand that health savings accounts can transform not just...

The next step: U.K. insurance regulators are adding modeling requirements to monitor solvency and to evaluate risk. Could U.S. insurers benefit from a similar approach?(Financial Stability)
April 1, 2005... A revolution is taking place in the way regulators assess the financial stability of insurance and reinsurance companies in much of the Western world. It is being driven mainly by the Europeans, who are exploiting modern methodologies and...

Bad behavior: personality tests can help underwriters identify high-risk drivers.(Underwriting)
April 1, 2005... Elaine is 45 years old, married with two young sons. She makes $60,000 a year, pays all her bills on time, and thinks of herself as a "pretty good" driver. Elaine has had 10 accidents in the past three years. Three years ago, none of the...

New U.K. products.(Marketplace)(Brief Article)
April 1, 2005... Spotting an international trend toward liberalizing gambling laws, Miller Insurance Services is offering a globally available cover to printers and suppliers to the lotteries and promotional games industry. The coverage offers contractual...

21st Century's commercials feature classic movie clips.(Marketplace)(Brief Article)
April 1, 2005... Breathtaking scenes from classic action movies are the centerpiece of 21st Century Insurance's new advertising campaign. The commercials feature sequences from The French Connection, Speed and The Italian Job. The French Connection...

Reaching out: effective communication was among the factors that helped the insurance industry succeed in responding to 2004's hurricane quartet.(Selling Insight)
April 1, 2005... It happened fast and with few complaints. By the end of December 2004, insurers settled 90% of the claims filed following hurricanes Charley, Frances, Ivan and Jeanne, about twice as many as were filed following Hurricane Andrew and in half the...

2004: a grim year for LTC insurance: after a horrendous 2004, writers and distributors of long-term-care insurance rethink their strategies and hope for a rebound.(Long-Term-Care)
April 1, 2005... The long-term-care insurance industry is reeling over last year's individual sales results, the worst year-over-year comparison since marketing and research firm Limra International began collecting statistics in the mid 1980s. First-year...

No-lapse policies pose risk: indiscriminate sales of no-lapse policies could be damaging to the reputation of life insurers.(Underwriting Insight)
April 1, 2005... Concerns about the marketing of no-lapse universal life policies have been rising, with critics warning that many prospects are being shown only no-lapse products even when their situation suggests that a different policy design may be in...

Hand in hand: by helping independent agencies to grow, insurers may attract much of the agents' business and thereby grow themselves.(Business Development)
April 1, 2005... St. Paul Travelers offers independent agents a special advertising campaign that they can shape to their needs. Safeco realizes that independent agencies operate differently and customizes its interaction to fit their business models. As some...

Rewarding Performance.(Business Development)
April 1, 2005... Every year, J.D. Power and Associates issues a syndicated study that most property/casualty carriers use to gauge customer satisfaction with their companies. The study, based on an eight-page questionnaire filled out by consumers, reports on...

Dealing with certainty: technology is clarifying the reinsurance process.(Technology)
April 1, 2005... The reinsurance sector operates on a curious blend of tradition, personal contact and varying levels of trust. Information moves, often under deadline pressure, among a maze of parties by letter, fax, e-mail, telephone and personal contact....

A breakthrough year: industry sales shot up an estimated 66% in 2004, and major writers reportedly are poised to enter the market.(Index Annuities)
April 1, 2005... People familiar with equity indexed annuities used to refer to them as variable annuities with training wheels. Not anymore. This fixed annuity that can kick in greater interest payments through a link to stock indexes last year recorded sales...

The one true cost: estimating the true cost of providing insurance is no easy task.(Underwriting Insight)
April 1, 2005... Wirth competition in insurance markets intensifying, Insurance Services Office forecasts that premium growth will dwindle to 1.1% in 2005. As the price of insurance and insurers' profitability head south, the consequences of misunderstanding or...

Right place, right time: group health insurers are proving to be strong competitors in group life business.(Cross-Selling)
April 1, 2005... Major medical insurers have been quietly increasing their group life business, and many have been steadily climbing the market-share ladder. "It makes sense. It's the same marketing arena," said Edward E. Graves, professor of insurance at...

Assurant Employee Benefits.(New Products and Services)(Brief Article)
April 1, 2005... Assurant Employee Benefits has introduced a disability insurance product that uses objective impairment ratings developed and published by the American Medical Association to determine claim qualification. Since impairment ratings provide a way...

Guardian Life Insurance Company of America.(retirement plan enhanced)(Brief Article)
April 1, 2005... When disabled, employees usually can't contribute to their company's retirement plan. In January, the Guardian Life Insurance Company of America announced enhancements to its Retirement Protection Plus, a program to protect retirement plan...

Kanawha Insurance Co.(SecureFuture policy launched)(Brief Article)
April 1, 2005... Kanawha Insurance Co. has added to its long-term-care product line with its SecureFuture policy. It provides benefits for care at facilities or home by professionals, friends or family members. Benefits also cover home modification, medical...

Life applications decline 2.3%.(Marketplace)(Brief Article)
April 1, 2005... Applications for life insurance last year in North America were down by 2.3% from 2003, according to MIB Group Inc., which reports activity through its MIB Life Index. Activity in December fell 8.7% year-over-year, the sharpest decline of 2004...

Underappreciated actuaries launch image campaign.(Marketplace)(Brief Article)
April 1, 2005... Are actuaries underappreciated? Seven North American actuarial organizations think so, and on Jan. 31 they embarked on a multi-year campaign to ensure the long-term growth and vitality of the profession and convince business decision-makers...

Hartford Life enters United Kingdom.(Marketplace)(Hartford Financial Services Group Inc.)(Brief Article)
April 1, 2005... The Hartford Financial Services Group has created a subsidiary in the United Kingdom to market individual investment and retirement savings products later this year. Hartford Life Ltd. will focus on selling what are known in the United...

Dividing it up: insurers can benefit from legislation amending the practice of joint and several liability, but in some cases they need to ask about plaintiffs' previous settlements.(Tort Reform)
April 1, 2005... Supported by the Bush administration, tort reform is on the move. Efforts already under way have resulted in a trend away from insurers facing joint and several liability and toward several liability, in which financial responsibility is...

A troubling trend: in some jurisdictions, commercial general liability policies are essentially being converted into performance bonds.(Legal Insight)
April 1, 2005... In simpler times, it was universally accepted that commercial general liability policies did not cover contractor's liability for faulty workmanship. When insureds challenged this principle, the courts recognized that failure of the insured's...

Overcoming information overload: in the cyber soup of today's electronic information, insurers need a real-time way to access related facts in e-mails, documents, spreadsheets and more.(Information Management)
April 1, 2005... Beyond the corporate investigations that recently have driven insurance industry headlines are the overarching difficulties faced by all businesses--those of information transparency, electronic document discover), and real-time visibility into...

Purchasing power: the majority of insurers who sell online are not meeting customer demands.(Technology Insight)
April 1, 2005... Remember the dot-com boom? Many predicted that the Internet would become the primary sales channel for property/casualty personal lines overnight. But, like most other predictions of instant e-commerce dominance, premium generated through the...

Bankers Life and Casualty Co.(online portal launched)(Brief Article)
April 1, 2005... Bankers Life and Casualty Co.'s captive sales force now has access to a new online portal that streamlines many common business and research tasks. Agents can use The Bankers Sales Productivity Network to conduct business, including tracking...

FileNet Corp.(FileNet Email Manager launched)(Brief Article)
April 1, 2005... FileNet Corp. announced the general availability of FileNet Email Manager, a new FileNet P8based suite that helps organizations capture, organize, monitor, retrieve, retain and share e-mail content for improved decision-making processes and...

Guidewire Software Inc.(Guidewire ClaimCenter 3 launched)(Brief Article)
April 1, 2005... Guidewire Software Inc., which provides solutions for property and casualty and workers' compensation insurers, released Guidewire ClaimCenter 3--the latest version of the claims system for property and casualty carriers. GuideWire ClaimCenter...

The National Arbitration Forum.(Web News You Can Use)(National Arbitration Forum )(Brief Article)
April 1, 2005... The National Arbitration Forum announced a new online application that provides the text of arbitrator decisions issued in no-fault insurance personal injury protection disputes in New Jersey. The addition to the program's Web service offers...

Online benefits expected to become predominant.(Technology Notes)
April 1, 2005... Employers foresee a surge in e-benefits in the next two years, according to a recent MetLife study Employees are predicted to spend more time logging onto company Web sites and signing up for employee benefits online. Employee self-service...

AIG's Greenberg steps aside; Sullivan named as successor.(American International Group Inc.)(Maurice R. "Hank" Greenberg)(Martin J. Sullivan)(Brief Article)
April 1, 2005... Maurice R. "Hank" Greenberg stepped down as chief executive officer of American International Group Inc. amid several widening investigations into the world's largest insurer's business practices. AIG also said it would delay the filing of...

Supreme Court: dismissal of lawsuit against American Skandia stands.(Companies)(American Skandia Life Assurance Corp.)(Brief Article)
April 1, 2005... The U.S. Supreme Court turned down the plaintiffs' request to review a lower court's ruling rejecting claims that Swedish insurer Skandia Group's former U.S. subsidiary misled consumers who bought the subsidiary's variable annuity products. ...

Progressive enters S.C. commercial auto market.(Companies)(Progressive Corp.)(Brief Article)
April 1, 2005... Progressive Corp. intends to make a name for itself in South Carolina with its new Drive Insurance brand. The third-largest automobile insurer in the nation, Progressive said it would offer its commercial auto product in the state through more...

Imagine completes acquisition of Danish Re.(Companies)(Imagine Insurance Company Ltd.)(Brief Article)
April 1, 2005... Specialty insurer/reinsurer Imagine Group said its subsidiary completed the acquisition of Danish Re (Bermuda) Ltd. and related subsidiaries of Danish Re Group. The acquisition by Imagine Insurance Co. Ltd. of Bermuda was finalized on Dec. 31,...

Farmers lowers auto insurance rates in Colorado.(Companies)(Farmers Group Inc.)(Brief Article)
April 1, 2005... Farmers Insurance Group said it is lowering automobile rates in Colorado an average of 3.2%, effective April 1. Farmers said actual savings may be as high as 20% but would vary depending on the customer's location. Farmers, which is...

Aetna launches two plans in N.J., expands Md. network.(Companies)
April 1, 2005... Aetna Inc. is offering New Jersey's small businesses new options for employee health benefits through two specialized preferred provider organizations. Employers with two to 50 employees now can select a basic hospital PPO or a...

And the Oscar goes to ... without insurance protection, many silver screens would be dark and red carpets less crowded.(The Last Word)
April 1, 2005... Long before the red carpet is rolled out and the Oscar statues polished, even before most Oscar-winning performances are shot on film, coverage provided by insurers, such as Fireman's Fund, allows the production of movies to begin. Without...

Who's that insurer?(Overview)
April 1, 2005... Insurance industry practitioners typically don't make headlines, but over time the industry has been home to some well-known names. Not only was Benjamin Franklin one of America's founding fathers, he also led the move to start America's...

Connecting with the customer.(Overview)(Brief Article)
April 1, 2005... Most insurance is sold through agents and brokers, but insurers also market their risk protection products directly through the mail, the telephone or the Internet. Banks, stockbrokers, financial planners and even car dealers and major...

Keeping the promise.(insurance industry stocks)(Illustration)
April 1, 2005... Behind the sale of each insurance policy is a promise: today's payment secures protection against a future loss that may otherwise be financially disastrous. To fulfill that promise, insurers engage in underwriting, the practice of looking...

Asset distribution.(Property and casualty insurance industry overview)
April 1, 2005... The interval between when the insurer receives a premium and the time a claim against that policy must be paid is known as the "float" cycle. The insurer invests the premiums and makes a profit or loss on the transaction depending on how the...

It's personal, but it's business, too.(Property and casualty insurance)(Brief Article)
April 1, 2005... Property/casualty insurance--widely known outside the United States as nonlife or general insurance--pays for damage, loss or injury to the insured, as well as for liability from acts that cause property damage, injury or financial harm to a...

Assets.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Assets are property owned by insurance companies, primarily stocks, bonds, mortgages and real estate. Top U.S. P/C Insurers Assets 2003 ($ billions) State Farm Group [00088] Berkshire Hathaway Ins Group [00811] American Intl...

Policyholder surplus.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Policyholder surplus is the sum remaining after all liabilities are deducted from assets--essentially an insurer's net worth. Top U.S. P/C Insurers Policyholder Surplus 2003 ($ billions) Berkshire Hathaway Ins Group [00811]...

Industry premiums.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Net premiums written are after reinsurance transactions. Top U.S. P/C Insurers Net Premiums Written 2003 ($ billions) State Farm Group [00088] American Intl Group Inc [18540] Allstate Ins Group [00008] Zurich/Farmers Group...

Insurers by domicile.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Each U.S. insurance company is domiciled in the state where it is incorporated or chartered. It also is licensed under the state's insurance laws for individual lines of business. Additionally, insurers are free to seek licenses in any state or...

Catastrophes.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... The San Francisco Earthquake and Fire of 1906 still ranks as the most expensive catastrophe when the insured losses are adjusted for inflation, in 1907, A.M. Best Company published the "Special Report Upon San Francisco Losses and Settlement"...

Asbestos & environmental.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... The U.S. property/casualty industry has incurred ever-increasing asbestos and environmental losses, principally for its asbestos liabilities, culminating in 2003's pretax charge of nearly $7 billion. Estimated U.S. Asbestos & Environmental...

Masterson indexes.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... The Masterson Indexes are a family of price indexes for major lines of business written by property/casualty insurers. They were originally developed in the 1960s by consulting actuary Norton E. "Doc" Masterson and are maintained by...

Excess & surplus.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Surplus lines include specialized property or liability coverage that isn't available from insurers licensed by the state (called admitted insurers) and must be purchased from a nonadmitted carrier. Top U.S. & E&S Writers Direct...

Lines of business.(U.S. Property/Casualty)(Illustration)
April 1, 2005... The various types of auto coverage dominate the industry, followed by workers' compensation. Both benefit from common legal provisions that drivers and employers must obtain those coverages. A combined ratio of 100 marks the break-even point...

U.S. auto.(State Farm Mutual Automobile Insurance Co.)(Brief Article)
April 1, 2005... State Farm is the nation's largest auto insurer, both in terms of premiums and the number of states in which it is the top writer of auto coverage. Top Writers by State: Total Auto Market 2003 [ILLUSTRATION OMITTED]

All auto.(U.S. Property/Casualty)(Brief Article)(Illustration)
April 1, 2005... Top U.S. Writers Direct Premiums Written 2003 ($ billions) State Farm Group [00088] Allstate Ins Group [00008] Progressive Iris Group [00780] Zurich/Farmers Group [18549] Berkshire Hathaway Iris Group [00811] Nationwide Group...

Commercial auto.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Top U.S. Writers Direct Premiums Written 2003 ($ billions) Zurich/Farmers Group [18549] Progressive Ins Group [00780] Travelers P&C Group [18358] St Paul Cos [00080] American Intl Group Inc [18540] Liberty Mutual Ins Cos...

Private passenger.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Top U.S. Writers Direct Premiums Written 2003 ($ billions) State Farm Group [00088] Allstate Ins Group [00008] Progressive Ins Group [00780] Zurich/Farmers Group [18549] Berkshire Hathaway Ins [00811] Nationwide Group [05987]...

Workers' compensation.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Workers' compensation covers employees in the case of injury, disability or death resulting from workplace hazards. Coverage includes medical care, physical rehabilitation and replacement of lost wages while unable to work. State laws, which...

Homeowners multiple peril.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Typical homeowners insurance policies cover most property or liability perils to which the homeowner is exposed. Coverage includes structures on the property, as well as personal possessions contained in the structures. Top U.S. Writers...

Commercial multiple peril total.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Protects the physical assets of large businesses as well as actions of owners or employee dishonesty that result in liability exposure. Top U.S. Writers Direct Premiums Written 2003 ($ billions) Travelers P&C Group [18358]...

Other liability.(U.S. Property/Casualty)(Brief Article)
April 1, 2005... Insurance coverage protecting against legal liability resulting from negligence, carelessness or a failure to act causing property damage or personal injury to others. Top U.S. Writers Direct Premiums Written 2002 ($ billions) ...