Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Estimating the Credit Crisis Insurance Losses
Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...
Estimating the Credit Crisis Insurance Losses
Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...
California Wildfires May Take Longer to Settle
Nov 30 2008 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are...
Time to Sue
Nov 30 2008 // Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is...
Transformed Wall Street Very Costly for New York, Comptroller Reports
Nov 26 2008 // The financial crisis could cost New York State and New York City 225,000 jobs and $6.5 billion in securities industry-related tax revenue over the next two years, according a report by New York State Comptroller Thomas P....
FTC Blocks Merger of Insurance Loss Vendors CCC Information, Mitchell
Nov 25 2008 // The Federal Trade Commission has filed suit to block the merger of CCC Information Services Inc. and Mitchell International Inc., charging that the merger would hinder competition in the market for electronic systems used...
Successive Hurricanes: Potential Windfall for Insureds?
Nov 24 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
California Insured Fire Losses Could Reach $800 Million
Nov 21 2008 // As the fires continue to burn in parts of southern California, industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires will range from $600 million to $800 million. Catastrophe risk...
What Additional Living Expense/Loss of Use Coverage Means to California Fire Victims
Nov 17 2008 // The skies are filled with smoke, and thousands of homeowners being evacuated from their homes in Southern California. It has been a weekend of devastation with the fires still ablaze. Our Saturday night’s plans...
Even Best Practices Agencies Struggle To Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge, Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) last month released its annual Best Practices Study. The independent...
Even Best Practices Agencies Struggle to Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) in October released its annual Best Practices Study. The independent...
Successive Hurricanes: Potential Windfall for Insureds?
Nov 16 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
Sensible Success
Nov 16 2008 // Focusing on One Industry Has Allowed Construction Specialist Allied North America to Grow Organically Through Even the Toughest Markets Top 100 Agency Profile Ranking: No. 6 Agency Name: Allied North America Headquarters:...
Attract and Win Social Services Business with Risk Management Strategies
Nov 16 2008 // How Insurance Professionals Can Be Valuable Advisors to Non-Profit Organizations Operating a non-profit social service business has always been a challenging balance between meeting constituent needs, funding the...
Study: California Earthquake Could Cause $200 Billion in Losses
Nov 16 2008 // If a magnitude 7.0 earthquake occurred on California’s Hayward Fault, it would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured, according to a study...
Zurich Posts $154 Million Q3 Net Profit; $2.8 Billion for 9 Months
Nov 13 2008 // Zurich Financial Services Group managed to report net after tax profits for the this quarter of 2008 of $154 million, despite what it described as “the impact of particularly adverse circumstances during the third...
Unico American Corp. Reports Q3 Results
Nov 12 2008 // Unico American Corp., an insurance holding company based in Woodland Hills, Calif., that, through its subsidiaries, including Crusader Insurance Co., offers a variety of property and casualty insurance products and...
S&P Affirms Allianz ‘AA’ Ratings, Stable Outlook Despite Investment Losses
Nov 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating...
Liberty Mutual Absorbs $800 Million in Catastrophe Losses in Q3
Nov 11 2008 // Quarterly profits nosedived by nearly 99 percent at Boston-based Liberty Mutual group, which saw its third quarter earnings fall to $6 million – down from $404 million in the same quarter last year. “Given the...
Hiscox Sees Strong 2009 Despite Premium Income Drop
Nov 10 2008 // The Bermuda-based, but UK-listed, insurer Hiscox expects strong growth in 2009, thanks to rising premiums in some of its core markets and increased business due to credit and capital problems at some competitors, it said...
