Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG
Sep 10 2012 // The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment...
Markel, Experian to Offer Data Breach Loss Control Resources
Sep 10 2012 // Markel has announced that it will now work with Experian Data Breach Resolution to provide loss control resources to its DataBreach policy holders. Owners of Markel’s DataBreach policy now will have access to...
P/C Insurers Show Improved Results Mid-Year: Fitch
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s
Sep 10 2012 // U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to 2011, driven by lower catastrophe losses and increased growth in earned premiums, said Moody’s...
Planners Craft Strategies to Help High-Earners Skirt New Healthcare Taxes
Sep 7 2012 // Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year under President Barack Obama’s healthcare overhaul. With some legal uncertainty still...
Aon Benfield August Cat Report Focuses on Isaac; Insurance Cover Disparity
Sep 7 2012 // Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during August, notes that Hurricane Isaac was “the first land falling...
Swiss Re Report Analyzes Rise in Flood Losses – $15 Billion and Counting
Sep 6 2012 // A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing...
U.S. Insured Losses from Hurricane Isaac Could Reach $2B: AIR
Aug 31 2012 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between $700 million and $2 billion. AIR estimates include wind and storm surge damage to...
Petersen International Releases Disability Plan for Loss of Future Earnings
Aug 31 2012 // Petersen International Underwriters has released a new disability insurance product intended to pay benefits based on an insured person’s potential future income. The plan, titled “Loss of Future Earnings...
New York’s MTA Files Claims to Recover $65M From 2011 Storm Losses
Aug 31 2012 // New York’s Metropolitan Transportation Authority is submitting claims to insurers and the federal government to recover $65 million in losses it suffered during Hurricane Irene last year. The MTA says winds and...
Kentucky Annual Workers’ Comp Loss Costs Fall for 7th Consecutive Year
Aug 29 2012 // Kentucky regulators said an annual filing most carriers will use to develop rates for workers’ comp coverage shows the seventh consecutive overall decrease in loss costs. The 2012 filing, approved by Kentucky’s...
Early Isaac Losses at $1.5B: Eqecat
Aug 29 2012 // Hurricane Isaac has caused up to $1 billion in economic losses for offshore energy properties and up to $1.5 billion in insured losses onshore in Louisiana and neighboring states, disaster modeler Eqecat said on...
P/C Insurers Show Improved Results Mid-Year: Fitch
Aug 24 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Crop Insurers Could Face First Overall Loss in 10 Years: Moody’s
Aug 23 2012 // Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers and reinsurers and possibly their first overall loss in 10 years, says Moody’s...
Fitch Notes Reinsurers More Risk-Focused For More Asian Catastrophes
Aug 23 2012 // Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their...
Calif. Workers’ Comp Losses, Expenses Reach Over $12B
Aug 21 2012 // A report issued on Tuesday by the California Workers’ Compensation Institute shows workers’ comp insurers’ loss and expense payments rose to nearly $12.5 billion in 2011, an increase of over $1...
Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s
Aug 21 2012 // U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to second-quarter 2011, driven by lower catastrophe losses and increased growth in earned premiums, says...
Historical U.S. Hurricanes: What If They Struck Today?
Aug 21 2012 // There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Hurricane Andrew, which struck Florida 20 years ago this week, would be three...
Earnings Report: QBE Group
Aug 17 2012 // Selected earnings highlights in US dollars from Australia’s QBE Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $9.233 bn $8.942...
Wildfires: Sage Grouse Habitat Loss Could Impact Nevada Insureds
Aug 16 2012 // If you’re a business in Nevada, it may not be immediately clear why you should be concered with the state’s nearly dozen wildfires that are consuming almost 600,000 acres and destroying sage grouse habitat. But...
