Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Pareto’s 80/20 Continued. Shrinking your book for growth
Jul 26 2010 // Pareto was right. The 80/20 rule works in insurance. If you applied the 80/20 rule to your book you’ve probably discovered that the top 20% of your clients generate 80% of your revenue. Now what do we do with this...
Report Forecasts Rough Sailing for Canadian Insurers’ Results
Jul 26 2010 // Investors hoping for improved results from Canada’s insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly earnings. Analysts said the...
Weather Claims Erode Travelers Profits
Jul 23 2010 // Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago...
Louisiana, Texas Gain Jobs in June; Arkansas, Oklahoma Post Losses
Jul 21 2010 // The South Central states of Louisiana and Texas posted job gains for the month of June, but Arkansas and Oklahoma saw slight losses in employment. The Louisiana Workforce Commission reported Louisiana’s seasonally...
New York Approves Increase in Workers’ Comp Loss Costs
Jul 21 2010 // New York insurance regulators have approved a 7.7 percent hike in workers’ compensation loss costs — an increase that will go into effect in October. The New York Compensation Insurance Rating Bureau (NYCIRB),...
Eurotunnel Posts $58.5 Million First Half Loss from Insurance Pay Delays
Jul 20 2010 // Eurotunnel SA on Monday reported a €45 million ($58.5 million) loss in the first half of this year because of delayed insurance payouts from a 2008 fire in the tunnel it operates beneath the English Channel. The...
Brown & Brown Q2 Profit Up 1.3%
Jul 20 2010 // Florida-based insurance agency Brown & Brown Inc. reported that it earned net income for the 2010 second quarter $41,185,000, an increase of 1.3% from the $40,668,000, for the 2009 second quarter. Total revenue for the...
Employers Holdings To Announce Q2 Earnings Aug. 5
Jul 20 2010 // Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s second quarter 2010 financial...
Understanding Business Income Claims During Times of Civil Unrest
Jul 19 2010 // California’s Mehserle Verdict a Reminder to Review Coverages While Oakland, Calif., police donned riot gear to ward off potential violence and vandalism following the Mehserle verdict announcement, businesses may be...
Zurich Ups UK, Ireland Loan Loss Provisions by $330 Million
Jul 16 2010 // Zurich Financial Services Group reported a $330 million increase in the loan loss provisions in its commercial property loan books in the UK and Ireland to be taken in the second quarter 2010. Zurich noted that during 2009...
Argo Group Estimates Q2 Cat Losses at $20 to $25 Million
Jul 15 2010 // The Bermuda-based Argo Group International Holdings announced that it expects to report in its 2010 second quarter financial results “approximately $20 million to $25 million of estimated pre-tax loss provisions, net...
State Auto Estimates Pre-Tax Cat Losses of $55M – $60M in Q2
Jul 14 2010 // Columbus, Ohio-based State Auto Financial Corp. announced preliminary estimates of losses due to second quarter 2010 catastrophe storm activity. The company expects second quarter 2010 results will include between $55 and...
Hanover Estimates $85 Million Catastrophe Loss for Q2
Jul 14 2010 // Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six...
Mercury General To Report Quarterly Results on Aug. 2
Jul 13 2010 // Los Angeles-based Mercury General Corp. announced that on Monday, Aug. 2, 2010, it will release results for its second quarter ended June 30, 2010. The company will host an investor conference call and Web cast that same...
U.S. P/C Industry Posts $11.5B Net Income in Q1
Jul 13 2010 // The U.S. property/casualty industry earned a net profit for the first quarter 2010, partly due to the continued recovery in the financial markets. The first quarter 2010 rebounded from a net loss in the first three months...
First Half 2010 Catastrophe Losses Double Average at $22 Billion
Jul 8 2010 // A report from Munich Re (www.munichre.com) notes that the first half of 2010 was “marked by an exceptionally large number of natural catastrophes and the scale of the losses they caused.” The reinsurer recorded...
Tennessee Court Denies Claim By Wife Whose Husband Burned Home
Jul 8 2010 // A Tennessee woman whose terminally-ill husband burned down his house in an attempted suicide is not entitled to collect under policies for the house and autos destroyed in the fire. The Tennessee Court of Appeals has...
Calif. Mehserle Verdict a Reminder to Review Business Income Coverages
Jul 8 2010 // While Oakland, Calif., police donned riot gear to ward off potential violence and vandalism following the Mehserle verdict announcement, businesses may be wondering what insurance coverages are available to protect...
It’s Nothing Personal … Just Business!
Jul 5 2010 // Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If...
AIR Estimates Mexico’s Hurricane Alex Insured Loss under $200 Million
Jul 2 2010 // Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed...
