Coming up ... in August.The State of Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. : Reinsurers had a strong, if tumultuous, 2003, as strong pricing and favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. conditions dovetailed with a new emphasis on underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. discipline. Interesting times continue in 2004, as signs of softening softening /sof·ten·ing/ (sof´en-ing) malacia. softening a change of consistency, with loss of firmness or hardness. begin to appear. Includes listing of top reinsurance writers. New Developments in Disability Coverage: The number of disability writers has declined significantly of late. Why? Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. Battles Back: The California workers' compensation system is dominated by the state fund. Is the state government giving real thought to how the system should work, or simply reacting to market cycles? Insurance Technology Across the Pond: What are the key strategies for European insurers in developing information technology? Are their standards and capabilities behind those of U.S. insurers? What different challenges do they face with the Internet? The Last Word: Founded in 1925 to give blacks access to life insurance, Golden State Mutual Life Insurance Co. holds one of the country's most important collections of 20th-century African-American art, but its focus goes beyond the images. |
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