Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
No New Government Funds for AIG
May 8 2009 // American International Group, the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs. AIG has lost more than $100...
The Hanover Gets Upgrade, Despite Lower Q1 Earnings
May 8 2009 // Despite first-quarter profits being dragged dawn by winter storm claims, The Hanover Insurance Group Inc. earned its third ratings upgrade in 15 months, the Worcester, Mass.-based multi-regional insurer said. Hanover,...
Swiss Re Q1 Net Profit Falls 75% to $131.6 Million, But Results Improve
May 7 2009 // Swiss Re reported a net profit of CHF 150 million ($131.6 million) in the first quarter of 2009, compared to CHF 0.6 billion ($527 million) for the same period last year. Earnings per share declined to CHF 0.45 (39.5...
Zurich Q1 Net Income Down 75% to $362 Million
May 7 2009 // Zurich Financial Services reported that its first quarter net income decreased by 75 percent to $362 million, compared to the $1.427 billion it earned in the same quarter of 2008. Business operating profit fell by 40...
Employers Holdings, Inc. Reports $20.9 Million Q1 Net Income
May 7 2009 // Employers Holdings Inc. headquartered in Reno, Nev., reported first quarter 2009 net income of $20.9 million or $0.43 per share compared with $25.5 million or $0.51 per share in the first quarter of 2008, a decrease of...
AIG Reports $4.35 Billion Q1 Loss
May 7 2009 // American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was less than the $5 billion...
Munich Re Posts $560 Million Q1 Profit; Down 46% from Q1 2008
May 6 2009 // Munich Re announced first quarter 2009 profits of €420 million ($560 million), compared to €777 million ($1.035 billion) in the same period of 2008. However, the Group’s bulletin forecast premium...
Validus Q1 Net up 30% to $94.9 million
May 6 2009 // Bermuda-based Validus Holdings reported net income of $94.9 million, or $1.20 per diluted common share for the quarter ended March 31, 2009, compared with net income of $66.5 million, or $0.85 per diluted common share, for...
Max Capital Group’s Q1 Net up 82% to $44.5 Million
May 6 2009 // The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the...
OneBeacon Launches Health Care, Non-Profit Management Liability Products
May 6 2009 // OneBeacon Professional Partners, a member of OneBeacon Insurance Group, launched two new management liability insurance products for health care organizations and nonprofit organizations. The Health Care Organization...
