Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Aon: June’s Severe Weather Losses Near $2B in U.S.
Jul 23 2012 // Severe weather insurance losses in the United States were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. The report, published by Aon’s Impact Forecasting, noted that the...
What to Know About the NEW & IMPROVED Flood Program
Jul 23 2012 // Now with Fewer Subsidies, Minimum Deductibles, Multifamily Coverage and More If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a...
N.Y. Gov. Cuomo Urges Homeowners to Protect Against Storm Losses
Jul 20 2012 // New York Gov. Andrew Cuomo is urging to take steps now to protect their homes in the event New York is hit by any of the nine to 15 storms the National Oceanic and Atmospheric Administration (NOAA) predicts for the 2012...
Earnings Report: Beazley Group
Jul 20 2012 // Selected earnings highlights from Dublin-based Beazley Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $1.0131 bn $924.8 mn Net...
Record Number of Farmers Expected to File Crop Insurance Claims
Jul 20 2012 // The drought ravaging America’s prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving...
Allstate Reports Catastrophe Losses for Q2 of $820 Million
Jul 19 2012 // The nation’s largest publicly-held personal lines insurer, Allstate Corp., announced estimated catastrophe losses of $820 million, pre-tax, for the second quarter 2012, which includes $440 million for June. Last...
RRGs Financially Stable Despite Q1 Underwriting Losses: Demotech
Jul 19 2012 // First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a $10 million net underwriting loss collectively, however, they also reported $49.8...
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...
