The listing of most profitable property-casualty insurance organizations based on combined ratio measures included in the Dec. 4, 2006 edition of National Underwriter omitted one profitable group–Accident Fund Insurance Company and Affiliates–and had another profitable company (Seabright Insurance) ranked near the bottom of the list.
The problems occurred because of the rigidity of NU's criteria for constructing the rankings. A clarification follows:
In the first case, one of the criteria that pushed Lansing, Mich.-based Accident Fund off our list states that the only eligible organizations for our ranking are individual insurers that are not part of a larger group, or organizations that reported combined results to regulators in 2005 (combined filers).
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