1999

ISO Elects Citibank Managing Director and Amdahl CEO to Board NEW YORK, Dec. 16, 1999 — Christopher M. Foskett, Citibank's managing director for the global insurance industry, and David B. Wright, president and chief executive officer of Amdahl Corp., have been elected to the board of directors of Insurance Services...

Property/Casualty Industry's Surplus Drops as net Income Tumbles and Capital Losses Mount NEW YORK, Dec. 7, 1999 – The surplus, or statutory net worth, of the U.S. property/casualty industry fell $9.9 billion during the first nine months of 1999, dropping to $323.4 billion as of September 30, 1999, from $333.3...

Hurricane Floyd's Toll Rises to $1.8 Billion, Up $500 Million from Initial Estimate, In ISO's Resurvey of Insurers' Losses NEW YORK, Dec. 6, 1999 – Insurers are expected to pay $1.8 billion to Hurricane Floyd victims, according to revised estimates of insured property losses by Insurance Services Office, Inc.'s (ISO)...

Data Security, Internet Sales and Fraud Prevention are Leading Topics at ISO's Insurance Technology Conference – But It's Still 'A People Business' News From AISG InsTech'99 ORLANDO, Fla., Nov. 10, 1999 – An insurance industry leader urged insurers to safeguard the confidentiality of information about their policyholders, claimants and businesses...

ISO ClaimSearch, the Anti Fraud Claims System, Available via ISOnet, ISO's Internet Delivery System ORLANDO, Fla., Nov. 9, 1999– Insurers now can use the Internet to access ISO ClaimSearch SM , the information system for claims and investigations professionals. ISO today announced the ability to access the ISO ClaimSearch system...

Insurers Must Safeguard Their Trade Secrets and Policyholders' Privacy, Says ISO's President ORLANDO, Fla., Nov. 8, 1999 – Insurers can safeguard the confidentiality of information about their policyholders, claimants, and businesses by working more closely with public-policy makers and being more vigilant within their own organizations, according to Frank J....

ISO Offers Insurers' 'One-Stop' Solution for Premium Audits NEW YORK, Oct. 28, 1999 – Insurance Services Office, Inc. (ISO) has introduced Premium Audit Xchange SM , an automated online service to help insurers improve their premium audit operations. Through the Internet, ISO's Premium Audit Xchange matches insurers' orders for premium...

ISO's New Service Helps Insurers in Florida and Kentucky Determine and Accurately Pay Local Premium NEW YORK, Oct. 27, 1999 Insurance Services Office, Inc. (ISO) has unveiled a service that helps insurers writing homeowners and commercial policies in Florida and Kentucky determine policyholders' correct tax jurisdictions and pay appropriate local...

Hurricane Irene's Toll in Florida Reaches $100 Million for Insured Property Damage, Estimates Insurance Services Office NEW YORK, Oct. 25, 1999 – U.S. property/casualty insurers will pay Florida homeowners and businesses an estimated $100 million for insured property damage from Hurricane Irene, according to preliminary calculations by Insurance Services Office,...

Insurers to Pay More Than $2 Billion for 831,000 Third-Quarter Catastrophe Claims NEW YORK, Oct. 6, 1999 – Insurance companies will pay $2.1 billion for claims resulting from seven natural disasters in the third quarter, according to estimates by Insurance Services Office, Inc.'s (ISO) Property Claim Services (PCS) unit. That...

Insurers to Pay Hurricane Floyd Victims $1.3 Billion for Insured Property Damage, Estimated Insurance Services Office NEW YORK, Sept. 24, 1999 – U.S. property/casualty insurers will pay homeowners and businesses an estimated $1.3 billion for insured property damage wreaked by Hurricane Floyd, according to preliminary calculations by Insurance Services Office,...

Property/Casualty Industry's First-Half Net Income Drops as Underwriting Losses Mount and Investment Results Deteriorate NEW YORK, Sept. 8, 1999 – An almost one-third increase in net losses on underwriting and a 3 percent decline in pre-tax net investment gains pushed the U.S. property/casualty industry's first-half 1999 net income after taxes...

Archived Press