Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
$3.1M Rhode Island Home Considered Total Loss after Fire
Sep 9 2016 // Fire investigators say the cause of a blaze that gutted a multimillion-dollar 1880 oceanfront house in Rhode Island may never be determined. Narragansett Fire Chief Scott Partington says the $3.1 million home owned by the...
Kentucky Workers’ Comp Loss Costs to Decrease 5 % on Oct. 1
Sep 9 2016 // The Kentucky Department of Insurance has approved the annual workers’ compensation loss costs filing from the National Council on Compensation Insurance Inc. (NCCI) with a rate decrease of five percent on average. It...
Louisiana Commissioner Urges Flood Insurance Proof of Loss Extension
Sep 8 2016 // As a result of the record-breaking flooding in his state in August, Louisiana Insurance Commissioner Jim Donelon is asking the Federal Emergency Management Agency (FEMA) to extend the filing deadline for Louisiana...
In Flood Risk Modeling, Resolution Matters – Even When You Think It Shouldn’t
Sep 7 2016 // This post is part of a series sponsored by CoreLogic. We have all seen the dramatic pictures of destruction and loss after a devastating flood event. Usually, the scene is depicted as a sea of water inundating broad areas...
Reinsurers’ Profits in Danger of Falling Below Their Cost of Capital: S&P
Sep 6 2016 // Reinsurers’ profits will soon drop below their cost of capital* and could remain there until the underwriting and/or investment cycles turn, according to Standard & Poor’s in a new report. S&P...
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
Insurers Seen ‘Easily’ Handling Hermine Losses
Sep 2 2016 // Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast...
Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide
Aug 26 2016 // Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the...
1347 Property Insurance Holdings Expects Losses from Louisiana Storms
Aug 23 2016 // 1347 Property Insurance Holdings Inc., which offers specialty property/casualty insurance through its subsidiary, Maison Insurance Co. (Maison), said it expects to incur losses from claims related to damage from the recent...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs
Aug 23 2016 // It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could...
Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma
Aug 18 2016 // Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss...
Beazley Offers Revenue Protection Cover for UK Events Hit by Wet Weather
Aug 17 2016 // London-based insurer Beazley has launched “Cancellation Plus” for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when a specified...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
Aug 17 2016 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit...
Delta Lloyd Returns to H1 Profit; Plans Exit From Unprofitable Markets, Cost Cuts
Aug 17 2016 // Delta Lloyd NV, the Dutch insurer that shored up its capital buffers in an April rights offer, returned to profit in the first half after the company cut costs and changed the way it values liabilities. Profit climbed to...
FBD Shares Surge on Reduced Losses, 2017 Profit Forecast
Aug 12 2016 // FBD Holdings Plc shares surged the most in almost eight years after the insurer posted a smaller first-half loss and said it’s on track to making a profit next year. FBD shares rose as much as 12 percent, their...
Zurich Insurance Q2 Net Income Declines 12% on Restructuring, Nat Cats
Aug 11 2016 // Zurich Insurance Group AG said second-quarter profit fell 12 percent on higher restructuring charges and claims from natural catastrophes as Chief Executive Officer Mario Greco overhauls the company’s biggest...
Questionable Ferrari Loss Leads to Claim Withdrawal
Aug 10 2016 // Powered by InsuranceJournal.tv Shannon Navejas, special investigator 2 with Mercury Insurance, shares how a claim for a 2000 collector edition Ferrari valued at $188,000 went up in smoke as a result of a thorough...
Munich Re Q2 Profits Beat Expectations, Aid Claims and Restructuring Costs
Aug 9 2016 // Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and...
Improved Insurance Results Boost Berkshire Hathaway Q2
Aug 8 2016 // Berkshire Hathaway Inc. on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp., Warren Buffett’s...
New York Workers’ Compensation Loss Costs Going Up 9.3%
Aug 8 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs effective Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance market stable...
