Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ACE Limited Forecasts 2013 Profit below Estimates; Shares Drop
Jan 30 2013 // Insurer ACE Limited reported a 24 percent fall in quarterly operating profit, hurt by losses related to Superstorm Sandy, and forecast a full-year profit below analysts’ estimates. After-tax catastrophe losses...
CFA Report: Largest Auto Insurers Often Charge Higher Premiums to Safe Drivers
Jan 28 2013 // In its latest report on auto insurance premiums charged by the largest auto insurers, the Consumer Federation of America said these insurers frequently charge higher premiums to safe drivers than to those who recently...
Demand Surge Not An Issue For Sandy; Property Losses Near $19B
Jan 28 2013 // Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Lucky or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Jan 28 2013 // Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry...
What Employees Should Know About Healthcare Changes Ahead
Jan 28 2013 // If you like your 401(k) retirement savings account, you’re going to love what healthcare reform does to your employer-provided health care plan. In a post-Obamacare future, expect more employers to adopt defined...
Sandy’s Insured-Loss Tab Approaches $20B: Fitch
Jan 28 2013 // The insurance industry will likely see losses of $20 billion or more from Superstorm Sandy, according to a new report by Fitch Ratings this month. Fitch based the expected total on the $16-$17 billion in loss estimates...
Superstorm Sandy-Related Loss Estimates Pile Up
Jan 28 2013 // Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are loss estimates for...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Jan 24 2013 // While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in...
Aon Benfield’s 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion
Jan 24 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight,...
App May Help Track Impact of Louisiana Coastal Losses
Jan 24 2013 // An Internet-based app under development may help a Web app may help document the disappearing culture of south Louisiana communities are they are displaced by coastal erosion. Called “Vanishing Points,” the app...
Travelers Insurance Finds Customers Stay Despite Rising Prices
Jan 23 2013 // Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time...
Davos Bosses Hunt for $5 Trillion in New Revenue in a Low-Growth World
Jan 23 2013 // Business leaders in Davos have plenty to worry about, from the euro zone to global geopolitical upheavals, but at heart their problem is simple: how to find new revenue in a low-growth world. Half a decade on from the...
Alabama School System Sues BP Over Revenue Lost Due to Oil Spill
Jan 22 2013 // An Alabama school system on the Gulf Coast says it’s filing a claim seeking compensation for lost revenues blamed on the BP oil spill in 2009. WKRG-TV reported that attorneys for the Baldwin County public schools...
Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up
Jan 22 2013 // The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net...
Allianz Estimates Sandy Impact at $670 Million; Won’t Affect Profit Forecast
Jan 18 2013 // Germany’s Allianz SE has announced that its losses from Hurricane Sandy are estimated to total €455 million [approximately $607 million at current rates]. Allianz’ bulletin used a lower exchange rate to put...
What Employees Should Know About Healthcare Changes Ahead
Jan 17 2013 // If you like your 401(k) retirement savings account, you’re going to love what healthcare reform does to your employer-provided health care plan. In a post-Obamacare future, expect more employers to adopt defined...
Talanx Estimates Group’s Sandy Losses at $410 Million; Hannover Re $349 Million
Jan 15 2013 // Germany’s Talanx AG announced that its estimated net claims burden related to hurricane “Sandy” are approximately €306 million [$410 million] for the entire Group. The estimate includes the total burden...
How to Exploit Current Trends for 2013
Jan 14 2013 // One needs to understand and exploit current and future trends in order to be proactive. It is easy to predicate trends by understanding recurring cycles and applying that knowledge to the current insurance marketplace. So...
Latest Sandy Loss Estimates Reported by Companies
Jan 14 2013 // Since Superstorm Sandy slammed into the U.S. East Coast two and a half months ago, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are the latest...
