HM Insurance Group's Industry Insights Blog

Industry Insights

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What Does Unlimited Mean?

By: Mark Lawrence July 16, 2019
At HM Insurance Group (HM), we’re very proud of our financial strength. Our Stop Loss paper is rated “A” by A.M. Best, and we have a combined surplus of more than $1,000,000,000. That’s a lot of zeroes. This capital is the financial bedrock of the promise we make to employer groups – we will pay their claims. The Stop Loss market has changed a lot in the past ten years. Prior to the passage of the Affordable Care Act (ACA) in 2010, we issued limited policies, meaning they had annual or lifetime policy maximums of $1,000,000 or $2,000,000. As an underwriter at that time, it was hard to envision claims reaching those policy limits. But now it’s something that happens with frequency.
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What I Learned in the Birthplace of Underwriting

By: Mark Lawrence January 22, 2019

Most people in insurance are familiar with Lloyd’s of London, which started in 1686 in London, England, at Lloyd’s Coffee House, a venue popular with sailors, merchants and ship owners. Lloyd’s originally provided shipping news, but it became an ideal place to obtain marine insurance for ship owners interested in pooling their losses so the impact of losing one ship would be spread across the entire group.

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The Fifth Season

By: Mark Lawrence October 15, 2018
This morning as I drove in to work, it was 46 degrees on the thermometer, and this was really the first day that, to me, felt like fall had arrived. As underwriters, we’re currently experiencing a fifth season in the year. It’s called renewal season, and it comes a little earlier every year. This year, it started in late July and will go through New Year’s Eve.
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Maintaining a Thoughtful Approach to the Business of Risk & Relationships

By: Mark Lawrence March 14, 2018
HM is a Stop Loss carrier, which means we’re in the risk-taking business. We don’t shy away from it. We don’t avoid it. We bring a thoughtful approach to our underwriting process. But what does this mean for our clients?
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