Printer Friendly

Life and property/casualty divide.

In November of 1906, the Best's Review changed. Instead of one publication containing life and property/casualty news, two publications were created--one for each line of business. In the first life insurance publication, Mutual Life of New York and New York Life officer elections were discussed in great length. The story of the candidates and elections plays out like a soap opera while Best's Review focused on the interests of policyholders and not politics. The property/casualty issue of Best's Review focused once more on the Great San Francisco Earthquake and Fire. With particular attention on the fires, it was noted that letters were addressed to insurance companies asking what had been done to protect policyholders, and the majority replied, "Nothing." Best's Review responded, "As it turns out, no harm was done by the departments giving this leeway to hard hit companies, but if there had been another big fire there would be a different story to tell."
COPYRIGHT 2006 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:100 YEARS AGO in Best's Review
Publication:Best's Review
Article Type:Brief article
Date:Nov 1, 2006
Words:158
Previous Article:Experts eye insurers' exposure to hedge risks.
Next Article:Surplus Lines' future looks strong despite a flat year.
Topics:


Related Articles
Editor's Prologue.
By The Numbers.
Reinsurers Looking for Recovery.
Best's Rating Changes.
A question of conscience.
A measure of success.
Committing to the Hispanic Market.
New rules and new features.
Best's rating changes.
Best's rating changes.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters