Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Louisiana Issues Final Data Call for Ike and Gustav Losses
Jul 17 2009 // The Louisiana Department of Insurance has issued a bulletin to all authorized and surplus lines property casualty insurance companies writing business in Louisiana reminding insurers that final submission of loss data from...
Mercury General Corp. to Report Second Quarter Results on August 3
Jul 15 2009 // Los Angeles-based Mercury General Corp. on Aug. 3, 2009, will release results for its second quarter ended June 30, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time...
Double Your Agency Revenue: Fact or Fiction?
Jul 15 2009 // San Francisco, California – July 15th, 2009 – Astonish Results, an aggressive insurance marketing company, is making some very bold claims in their advertisements. But are they really backing it up with...
A.M. Best: P/C Industry’s Earnings Down 87% in Q1
Jul 9 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe...
Jackson Concert Cancellations: Many Unknowns, Much Speculation
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the...
P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
Real Estate Malpractice Insurance Operating at a Loss in Missouri
Jul 1 2009 // The real estate malpractice insurance line of business has operated at a loss over the last decade, according to a report recently released by the Missouri Department of Insurance, Financial Institutions and Professional...
Microinsurance Industry Sees Profits from the Poor
Jun 25 2009 // Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta...
Best Affirms Fairfax, Subs Ratings
Jun 23 2009 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt ratings of Toronto-based Fairfax Financial Holdings Limited, as well as the financial strength ratings (FSR) of...
ConAgra: Insurance Covers Profit Loss at North Carolina Slim Jim Plant
Jun 22 2009 // ConAgra Foods Inc. said Thursday the North Carolina Slim Jim plant where an explosion killed three people last week is closed for now, with production not resuming until some time in August. While production will resume in...
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,...
