Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
How Health Care Reform Will Reshape the Medical Malpractice Market
Apr 16 2012 // The Supreme Court is holding the fate of the Patient Protection and Affordable Care Act of 2010 in its hands, but that hasn’t stopped the medical malpractice liability market from developing new products and taking...
Former Head of Oversight Panel Blasts AIG Tax Deal
Apr 16 2012 // Elizabeth Warren, the former chair of a congressional oversight panel and currently a U.S. Senate candidate from Massachusetts, is criticizing the government for granting American International Group billions of dollars...
Report: Reinsurers See Lower Loss Activity, Market Support
Apr 16 2012 // Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years. “Lower levels of loss activity in both the U.S. and International markets, and a gradual improvement in rating...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Aon Benfield Reports Reinsurers’ Capital Remains Strong Despite near Record 2011 Cat Losses
Apr 11 2012 // Aon Benfield’s latest edition of its Aon Benfield Aggregate (ABA) report, which analyzed the year end 2011 financial position of the world’s leading reinsurers and examines how 2011 catastrophe losses affected...
Platinum estimates $24.8 Million Q1 2012 Losses from Catastrophes
Apr 11 2012 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that it expects major catastrophe losses will have a net negative impact of approximately $24.8 million on the Company’s results for the quarter ended...
Loss Estimates from North Texas Storms Near $300M, Expected to Rise
Apr 10 2012 // Loss estimates from the widespread tornado, high wind and hail storm activity in the Dallas-Arlington-Fort Worth area on April 3 are approaching $300 million, said one insurance industry spokesperson. That number is...
Force-Placed Insurers on Hot Seat as N.Y. Regulators Expand Probe
Apr 6 2012 // New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services...
March’s Severe Weather Proved Deadly, Costly in U.S., Globally
Apr 6 2012 // March was a deadly and costly month in parts of the United States. A significant severe weather outbreak affected parts of the U.S. Midwest, the Tennessee Valley and the Southeast during the first week of March, killing at...
Aon Benfield March Cat Recap: Severe U.S. Weather, Quakes & Floods
Apr 6 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide...
Cooper Gay Swett & Crawford Reports 2011 Earnings of $344 Million
Apr 5 2012 // Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has released strong results for the year ending 31 December 2011, reporting revenues of $344 million and EBITDA of $69 million...
Arkansas Revenues Up in March, Ahead of Forecast
Apr 4 2012 // Arkansas’ revenues in March were ahead of last year and beat official projections, as the state saw increases in nearly all major tax collections, the state’s finance office said on April 3. The Arkansas...
PERILS Estimates Windstorm Andrea Property Losses at $407 Million
Apr 4 2012 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its loss report for windstorm Andrea, which struck Western Europe in early January. PERILS’...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Willis Re Report on Reinsurers Sees Lower Loss Activity, Market Support
Apr 3 2012 // Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years according to Willis Re, the reinsurance brokerage arm of Willis Group Holdings. However, the survey also indicated that...
Mass. Senate Candidate Warren Continues to Condemn AIG’s Tax Break
Apr 2 2012 // U.S. Senate candidate Elizabeth Warren from Massachusetts continues to criticize the government for granting American International Group billions of dollars worth of tax breaks, calling it “a stealth...
Bond Insurer Ambac Sues JPMorgan Over Mortgage Losses
Apr 2 2012 // Ambac Financial Group Inc., the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase & Co. to recover losses on securities it insured that were made by a unit of the former...
What’s Your Grofit?
Apr 2 2012 // Grow at All Costs, Or Drive the Bottom Line? As you execute on your business plan, are you guided by long term objectives, short term goals or a balance of each? Agency owners often perceive growth and profit as mutually...
Iowa Pension Fund Sues Audit Firm Over Fraud Loss
Mar 29 2012 // The Iowa Public Employees’ Retirement System has sued a New York-based auditing firm, alleging that the company failed to detect a theft scheme that cost the pension fund millions of dollars. The Des Moines Register...
Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’
Mar 29 2012 // At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from...
