Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Chubb Updates Loss Prevention Guide for Independent Directors
Jun 17 2009 // The Chubb Group of Insurance Companies has updated its “Loss Prevention Guidelines for Independent Directors” handbook. “Shrinking company profits and stock price fluctuations are exposing independent...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Social Networking for Fun and Profit
Jun 15 2009 // Why Agents Should Use Twitter, LinkedIn and Facebook to Build their Brand Whether it’s used to market new insurance products or interface with current clients, social media is transforming the insurance industry...
Reinsurers See ‘No Major Losses’ from Flu Pandemic
Jun 12 2009 // Big European reinsurers said on Friday that they still expected no major losses from an influenza outbreak that the World Health Organization (WHO) this week declared the first flu pandemic of the 21st Century. “The...
Federal Reserve Shows Loss on Assets from Bailed Out AIG, Bear Stearns
Jun 10 2009 // The U.S. Federal Reserve drew back the curtain on its emergency repairs to the financial system on Wednesday, showing $5.3 billion in losses on assets taken over from firms it bailed out in 2008. In a report on its $2.1...
New Non-Profit Supports Insurance Education in Texas
Jun 8 2009 // A group of Texas-based insurance industry professionals in late May announced the launch of a new non-profit group, the sole mission of which is to support insurance education in the state of Texas. The Texas Risk and...
Report: Bank Insurance Brokerage Income Falls Slightly in 2008
Jun 3 2009 // Bank holding companies’ (BHC) insurance brokerage income overall experienced a 3.6 percent drop in 2008, the first decline in total BHC brokerage income since 2001, according to a new industry report. “BHCs...
Best Rates GE, Conoco/Phillips Captives, Electric and Sooner ‘A’
Jun 2 2009 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Electric Insurance Group and its members – Electric Insurance Company (Beverly,...
California Wildfires: Coverage Disputes May Be Heating Up
Jun 1 2009 // On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and...
Fireman’s Fund Insurance Employees Sue Over Investment Losses
Jun 1 2009 // Dozens of insurance company employees and retirees are suing after they lost as much as $30 million on advice they claim came from financial advisers hired by their employer. Their lawsuit against Fireman’s Fund...
Coastal Insureds, Insurers Brace for Start of New Hurricane Season
Jun 1 2009 // As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and...
Personality, Good Time Management Are Key to Claims Success
May 22 2009 // With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Cunningham Lindsey U.S. CEO: Market Conditions Not Slowing Growth
May 20 2009 // With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Short-Term Profits Versus Long-Time Clients
May 18 2009 // In today’s world, price is everything. Everyone seems to be looking for a bargain — shopping grocery stores for the weekly deals, hunting down the gas station with the lowest price or waiting for retail stores...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
May 18 2009 // The skies are filled with smoke, and hundreds of homeowners were evacuated from their homes in Santa Barbara earlier in May. During November 2008’s Tea Fire, which occurred in roughly the same areas as this...
AAIS Filing New Forms, Loss Costs for Personal Inland Marine Insurance
May 15 2009 // New policy forms and loss costs will be available early next year to insurers writing inland marine property coverage for certain types of vehicles, and for boats and motors. The American Association of Insurance Services...
S&P Lowers Kingsway’s Ratings to ‘B-‘ Following Weak Q1 Results
May 14 2009 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. to...
ING’s Q1 Loss Wider than Expected
May 13 2009 // Dutch banking and insurance group ING reported on Wednesday a much bigger than expected first-quarter net loss of €793 million ($1.085 billion), or 39 €-cents (53.3 U.S. cents) per share, hurt by a sharply...
