Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AIR Estimates Mexico Insured Losses from Karl at $102-$206 Million
Sep 24 2010 // According to catastrophe modeling firm AIR Worldwide, Hurricane Karl, which made its second landfall in Mexico last Friday as a Category 3 storm on the Saffir-Simpson Wind Scale, has caused several rivers and canals to...
RMS Releases New Japan Typhoon Parametric Industry Loss Index
Sep 21 2010 // Risk Management Solutions has added to its Japan typhoon existing suite of parametric industry loss indices. The program “now includes the insurance industry’s five largest peril regions – U.S. hurricane...
Asia Faces Higher Losses from Disasters, Report Says
Sep 21 2010 // China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
RMS Estimates Insured Losses for NZ Quake at $1.5 to $2.5 Billion
Sep 15 2010 // Following detailed analysis of property damage from the Darfield, New Zealand, earthquake, Risk Management Solutions said it “estimates that total insured losses will fall between NZD 2.1 billion (US$ 1.5 billion)...
Ohio Insurance Institute: State’s Insured Losses from Ike – $1.255B
Sep 14 2010 // For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to 74...
California State Fund Records $143M in 2009 Net Income
Sep 14 2010 // State Compensation Insurance Fund today announced it earned $143 million in net income in 2009, up from $75 million for the prior year. In its 2009 Annual Report, the company noted it has an increase of $161 million in...
Best Reports Healthy Earnings ‘Mask Challenges’ for Global Reinsurers
Sep 9 2010 // A special report from A.M. Best concludes that “robust earnings reports mask challenges ahead for the global reinsurance industry: a convergence of market pressures, low interest rates and tightening financial and...
RMS Analyzes New Zealand Earthquake Insured Losses
Sep 9 2010 // Risk Management Solutions has stated that, based on its analysis of the area exposed to the New Zealand earthquake, it “currently expects that approximately 60-70 percent of the insured loss will be residential, and...
S&P Examines Effects Of Chilean Earthquake on Reinsurers
Sep 9 2010 // A study published by Standard & Poor’s Ratings Services – entitled: “Reinsurers Foot The Bill For Chilean Earthquake Losses” – indicates that the global reinsurance industry has...
North Carolina Expects Little Insurance Loss from Earl
Sep 8 2010 // Risk modelers say Hurricane Earl caused extremely minimal damage as it passed by the East Coast and agents in the hardest hit area of the United States, the Outer Banks of North Carolina, are receiving few...
New Zealand Quake Insured Losses between $2 to $4.5 Billion Says AIR
Sep 7 2010 // The magnitude 7.0 earthquake which struck the Southern Island of New Zealand on Saturday, Sept. 4 miraculously caused no fatalities; however it did cause substantial damages. Catastrophe modeling firm AIR Worldwide has...
P/C Industry Shows Slight Premium Growth in Q2, But No Gain in Profits
Sep 6 2010 // The U.S. property/casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines...
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Sep 6 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million
Sep 2 2010 // AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the...
Travelers to Offer Defense Outside the Limits for Non-Profits
Sep 1 2010 // Travelers is now offering defense outside the limits for policyholders of the Wrap+ directors and officers (D&O) and employment practices liability (EPL) suite of coverages for non-profit organizations. D&O and EPL...
Lexington to Insure Tax Credits on Low Income Housing
Aug 31 2010 // Lexington Insurance Company, a Chartis company, has introduced its Low Income Housing Tax Credit (LIHTC) First Party and Professional Liability Insurance program. The program is designed to protect owners, developers and...
Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010
Aug 26 2010 // First-half 2010 operating profits declined for most publicly traded property/casualty insurance companies that Fitch Rating follows, according to a new report. However, the $16.2 billion of aggregate net earnings reported...
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Aug 25 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
Kentucky’s WC Loss Costs Down for Fifth Time
Aug 24 2010 // An annual filing most insurance carriers will use to develop rates for workers’ compensation coverage in Kentucky shows the fifth consecutive overall decrease in loss costs, Department of Insurance Commissioner...
