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These excerpts taken from the MIGP 10-K filed Mar 16, 2009. Reinsurance
Assumed
We generally do not assume risks from other insurance companies.
However, we are required by statute to participate in certain
residual market pools. This participation requires us to assume
business for workers’
compensation and for property exposures that are not insured in
the voluntary marketplace. We participate in these residual
markets pro rata on a market share basis, and as of
December 31, 2008, our participation is not material. For
the years ended December 31, 2008, 2007 and 2006, our
insurance companies assumed $1.1 million, $1.4 million
and $2.4 million of written premiums, respectively.
Reinsurance Assumed We generally do not assume risks from other insurance companies. However, we are required by statute to participate in certain residual market pools. This participation requires us to assume business for workers’
compensation and for property exposures that are not insured in the voluntary marketplace. We participate in these residual markets pro rata on a market share basis, and as of December 31, 2008, our participation is not material. For the years ended December 31, 2008, 2007 and 2006, our insurance companies assumed $1.1 million, $1.4 million and $2.4 million of written premiums, respectively. Reinsurance Assumed We generally do not assume risks from other insurance companies. However, we are required by statute to participate in certain residual market pools. This participation requires us to assume business for workers’
compensation and for property exposures that are not insured in the voluntary marketplace. We participate in these residual markets pro rata on a market share basis, and as of December 31, 2008, our participation is not material. For the years ended December 31, 2008, 2007 and 2006, our insurance companies assumed $1.1 million, $1.4 million and $2.4 million of written premiums, respectively. These excerpts taken from the MIGP 10-K filed Mar 17, 2008. Reinsurance
Assumed
We generally do not assume risks from other insurance companies.
However, we are required by statute to participate in certain
residual market pools. This participation requires us to assume
business for workers’ compensation and for property
exposures that are not insured in the voluntary marketplace. We
participate in these residual markets pro rata on a market share
basis, and as of December 31, 2007, our participation is
not material. For the years ended December 31, 2007, 2006
and 2005, our insurance companies assumed $1.4 million,
$2.4 million and $2.9 million of written premiums,
respectively.
Reinsurance Assumed We generally do not assume risks from other insurance companies. However, we are required by statute to participate in certain residual market pools. This participation requires us to assume business for workers’ compensation and for property exposures that are not insured in the voluntary marketplace. We participate in these residual markets pro rata on a market share basis, and as of December 31, 2007, our participation is not material. For the years ended December 31, 2007, 2006 and 2005, our insurance companies assumed $1.4 million, $2.4 million and $2.9 million of written premiums, respectively. | EXCERPTS ON THIS PAGE:
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