Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Travelers Insurance Reports Q2 Profit Despite Disaster Losses
Jul 19 2012 // Travelers Cos Inc. reported a second-quarter profit on Thursday but missed Wall Street expectations, as the insurer’s catastrophe losses fell from a year before but were still higher than historical norms. Travelers,...
Long Term Care Liability Loss Rate Expected to Grow: Aon
Jul 18 2012 // Long term care liability loss rates and claim severity have reached an eight-year high and are expected to grow steadily in 2013 against a backdrop of health care provider budget constraints and uncertainty about health...
RSA Updates Earnings Forecast after UK Weather, Italian Quake Losses
Jul 18 2012 // UK-based RSA has issued a bulletin following “the wettest June on record in the UK.” RSA said it expects a “net loss across the Group’s UK Household, Motor and Commercial Property portfolios from...
Everest National Launches Non-Profit Social Service Industry Program
Jul 17 2012 // Everest National Insurance Co., a U.S. insurance subsidiary of Everest Re Group, Ltd., has launched anon-profit social service program with NIF Group, Inc. that will target a variety of social service providers. NIF is a...
Report: Insured Losses in Colorado Wildfires Nearly $450 Million
Jul 17 2012 // The two most destructive wildfires in Colorado’s history will cost insurers roughly $450 million, a regional insurance association said on Tuesday. The massive figure for insured losses comes from the total 600 homes...
The Hartford Expects Q2 Catastrophe Losses Near $300 Million
Jul 17 2012 // The Hartford said that it expects to report current accident year catastrophe losses of $280 million to $300 million before tax in the second quarter of 2012, as compared to $447 million before tax in the second quarter of...
Brown & Brown Revenue Up 17.9% for Q2
Jul 17 2012 // Florida-based national insurance agency Brown & Brown Inc. reported total revenue for the second quarter was $290,916,000, an increase of 17.9 percent compared to 2011 second-quarter revenue of $246,816,000, Net income...
6 Month Insured Losses at $12 Billion; Nat Cats Less Costly: Munich Re
Jul 13 2012 // Natural catastrophe losses were “relatively moderate” in the first six months of 2012, concludes Munich Re’s assessment for the first six months of the year. Overall global losses up to the end of June...
Markel Launches EPL Hotline, Online Loss Control Resources
Jul 13 2012 // Markel has launched a loss control program to connect employment practices liability (EPL) policyholders with information for managing risks. Through partnerships with Jackson Lewis, LLP and HR Care, Markel’s loss...
Fitch Affirms Lloyd’s ‘A+’ Ratings; Outlook Stable
Jul 11 2012 // Fitch Ratings has affirmed Lloyd’s of London’s Insurer Financial Strength (IFS) rating at ‘A+’, and the Society of Lloyd’s Long-term Issuer Default Rating (IDR) at ‘A’ as well as...
Chubb Expects Up to $240 Million in Q2 Catastrophe Losses
Jul 11 2012 // The Chubb Corp. expects to report $200 million to $240 million in catastrophe losses for the second quarter, before taxes, due to severe hail and wind storms in the U.S., the insurer said on Tuesday. The charges amount to...
Guy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses
Jul 10 2012 // According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of...
June’s Severe Weather Losses Near $2 Billion in U.S.: Aon Benfield
Jul 10 2012 // U.S. severe weather insurance losses were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. Published by Aon’s Impact Forecasting, the report analyzes the natural disaster...
Property/Casualty Insurance Professionals Nationwide Get New Revenue Stream and Client Retention Tool with ValueAppeal PRO® Property Tax Service
Jul 10 2012 // Seattle, WA, 07/10/12 – ValueAppeal, a pioneering online do-it-yourself property tax appeal service developed to help homeowners ensure that they are not overpaying their property taxes, today announced the launch of...
Corn Belt Fears Large Crop Loss from Heat Wave, Drought Conditions
Jul 9 2012 // Fears are rising that grain crops in the core of the U.S. Corn Belt – the top corn-producing region in the world – will suffer big losses that are already causing farmers to plow up fields in other regions of...
PERILS Updates Windstorm Andrea Loss Estimate to $422 Million
Jul 5 2012 // Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in January 2012. The updated property market loss estimate for Andrea is €337 million...
Agents Seek Diversified Role in Group Health/Benefits Arena
Jul 2 2012 // In recent years, a growing number of independent property/casualty agencies have begun offering group health/benefits services to their clients. In interviews with Insurance Journal, agency executives in the Northeast...
Dallas Hailstorm Loss Estimated at Nearly $1B
Jul 2 2012 // Insured losses from violent hailstorm in Dallas in mid-June should be just under $1 billion, a trade group for Texas insurers said. That amount is sharply less than what another industry trade group previously...
Colo. Ranchers Selling Off Cattle to Avoid Drought Loss
Jul 2 2012 // Ranchers in western Colorado are selling off cattle to avoid losing them to a severe drought. Livestock auctioneer Bill Martin of Loma says his auction barn usually sees between 200 and 400 cows a week, but this year the...
Drought Brings Back Memories of 1988 Crop Losses
Jun 29 2012 // Just one year ago Jeff Scates saw the worst flooding on his southern Illinois farmland since 1937. Today, Scates is watching his corn fields shrivel from the driest season in 24 years. “We’ve gone from one...
