Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Newspaper Analysis: Ohio Per Capita Income on Rise
Apr 4 2013 // Ohio’s per capita income rose at one of the fastest rates in the nation last year, another sign that the Rust Belt state’s economy is bouncing back after the recession. The measure that includes all earnings...
Businesses Ask IRS to Clarify Obamacare Investment Tax
Apr 3 2013 // Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama’s 2010 healthcare law that has received comparatively little attention: a 3.8 percent tax...
E&S Opens Field Loss Mitigation Operation in Southern California
Apr 2 2013 // E&S Inspections Inc., a newly opened firm specializing in field loss mitigation services for the insurance sector, has started operations from its Santa Clarita, Calif. headquarters. The firm provides commercial and...
State Fund 2012 Annual Report Shows Net Income Increase
Apr 2 2013 // California’s State Compensation Fund’s annual report for 2012 was released online Tuesday, and it reflects an increase in net income for California’s largest workers’ comp insurer. The report comes...
Loss from Tennessee Wildfire Estimated at $12 MIllion
Mar 29 2013 // Sevier County, Tennessee authorities estimate the loss in a wildfire earlier this month at about $12 million. The Mountain Press reported the figure includes only the value of the cabins destroyed or damaged in the March...
A.M. Best: Outlook Negative for Columbia Mutual Insurance Co.
Mar 28 2013 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co....
Lloyd’s Bounces Back from 2011 Loss: Posts $4.517 Billion 2012 Profit
Mar 28 2013 // Lloyd’s announced an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for natural catastrophes, a fading memory. Controlled growth in 2012 saw gross...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Mar 27 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States...
Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic
Mar 27 2013 // Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third...
Record Crop Claims Fuel Debate Over Government Subsidies for Farmers
Mar 25 2013 // Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy...
Florida Sinkhole Loss Rule Upheld
Mar 25 2013 // A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance...
Analysis Highlights Sandy’s Impact on Underwriting Results
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI
Mar 22 2013 // The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion — which effectively wipes out the entire U.S. marine premiums for 2012, according to the annual spring...
N.Y. Reaches Settlement With Assurant, Largest ‘Force-Placed’ Insurer in U.S.
Mar 21 2013 // The New York State Department of Financial Services investigation has produced a settlement with the country’s largest “force-placed” insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced the...
FM Global Swings to $774M Net Profit for Full-Year 2012
Mar 20 2013 // Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million during the...
Agency Compensation: Who’s Worth What in Your Independent Agency?
Mar 20 2013 // From top level managers to office and support staff — every person in an agency has a role to play in helping the agency win in the sales game. When one person fails, the whole agency suffers. And when an agency suffers,...
South Dakota Ranks 12th in Nation for Personal Income
Mar 18 2013 // South Dakota’s growth in personal income from 2000 to 2011 surpassed the growth rate for both the region and the nation, the South Dakota Department of Labor & Regulation announced. South Dakota’s personal...
Fitch: P/C Insurer Profit Up in 2012; Reinsurers Recover
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions. Fitch...
BP Challenges ‘Absurd’ Oil Spill Claims
Mar 18 2013 // BP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss...
Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
