From a profitability perspective, 2018 will likely turn out to be a good year—maybe the best in more than a decade, in part because it started out quite well. The first half of 2018 produced a $6.0 billion underwriting gain vs. a $4.6 billion loss in the first half of 2017. It is too soon, however, to know how the storms of the third quarter will affect full-year underwriting results, but at the least this first-half profit will moderate any underwriting losses that emerge.
FUTURES- Agreement to buy a security for a set price at a certain date. Futures contracts usually involve commodities, indexes or financial futures.
COMMUNITY RATING LAWS- Enacted in several states on health insurance policies. Insurers are required to accept all applicants for coverage and charge all applicants the same premium for the same coverage regardless of age or health. Premiums are based on the rate determined by the geographic region’s health and demographic profile.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; firstname.lastname@example.org NEW YORK, October 11, 2018 — Reporters covering Hurricane Michael’s aftermath are encouraged to contact the Insurance Informatio… Read More
FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, email@example.com Florida Press Office: Lynne McChristian, 813-480-6446, firstname.lastname@example.org Georgia Press Office: Bill Davis, 770-331-9279, email@example.com TALLAHASSEE, FLORIDA, October 9, 2018 –Reporters covering Hu… Read More