Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Texas orders homeowners carriers to justify rates
Mar 26 2007 // The Texas Department of Insurance said on Mar. 9, 2007, it will require homeowner insurance carriers to file and justify their current rates in the coming months. The department said 2006 loss ratios, recent changes in the...
Swiss Re sigma study details 2006 natural, man-made disasters
Mar 26 2007 // in its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Swiss Re sigma study details 2006 natural, man-made disasters
Mar 26 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
Ga.: Losses from March 1 Storms Top $210 Million
Mar 19 2007 // Damage from March 1 storms that ripped through southwest and central Georgia reached $210 million in insured losses, making it the state’s worst disaster in that category. The losses exceeded $150 million caused by...
Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China
Mar 16 2007 // Risk Management Solutions (RMS) announced the preliminary results of a study analyzing the impacts of the 1679 Sanhe-Pinggu Earthquake based on the 2007 population and property exposures of the Beijing, China area. The...
Brown & Brown Picks New Leaders for Denver, Phoenix Profit Centers
Mar 16 2007 // Brown & Brown Insurance of Arizona Inc. has named John I. Slater as the new profit center leader for the company’s Phoenix area retail profit center. He will be responsible for the growth and profitability of...
ACE Survey Shows Data Loss is Top Operational Risk Threat
Mar 16 2007 // One in three global businesses see loss of data as a significant threat and the key issue to address in operational risk management planning, according to the latest global risk briefing report conducted by the Economist...
Guy Carpenter Launches ‘SelectCat’ Reinsurance Pricing & Loss Index
Mar 14 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has launched SelectCat, which it describes as “an innovative, index-based product that provides...
Hiscox Profits up 186% to $388 Million
Mar 13 2007 // The newly Bermuda-based Hiscox Ltd. announced greatly improved preliminary results for the year ended December 31, 2006, with record pretax profits of £201.1 million ($388 million) compared to £70.2 million ($135.5...
Farm Loans Available in Vt. for Collapsed Barns, Livestock Loss
Mar 12 2007 // Farmers who suffered damages during Vermont’s Valentines Day blizzard are eligible for emergency federal loans. The U.S. Department of Agriculture Farm Services Agency has designated eight counties in which...
State Farm announces $1.2 Billion mutual auto policyholder dividend
Mar 12 2007 // State Farm Mutual Automobile Insurance Co. recently announced it will pay $1.25 billion in dividends to its mutual auto insurance policyholders in 46 states, the District of Columbia and the Canadian province of New...
The impact of contingent commissions on independent agencies
Mar 12 2007 // How much do independent agencies rely on contingency income and could they survive without it? Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current...
Where can the agricultural producer turn for economic relief?
Mar 12 2007 // Winter storms force farmers and ranchers to take a close look at how to protect their revenue In the wake of the devastating January 2007 agricultural events, including the citrus freeze in California and the Colorado...
What lies ahead for agency compensation? Agents could benefit from incentive pay plans replacing contigent income
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Lessons learned from Katrina and beyond
Mar 12 2007 // The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so...
Should D&O insurers have a loss prevention role?
Mar 12 2007 // Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on...
The impact of contingent commissions on independent agencies
Mar 12 2007 // Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current compensation structure would have far-reaching effects throughout the industry and would impact...
Where can the agricultural producer turn for economic relief?
Mar 12 2007 // In the wake of the devastating January 2007 agricultural events, including the citrus freeze in California and the Colorado livestock blizzard, farmers and ranchers are looking for answers — hard answers dealing with...
Swiss Re <em>sigma</em> Study Details 2006 Natural, Man-made Disasters
Mar 9 2007 // In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in...
West Va.’s Brickstreet Mutual Reports Profitable First Year
Mar 7 2007 // The company that runs the state’s workers’ compensation program said it earned $70.7 million during its first year in business. The profit will help build BrickStreet Mutual Insurance Co.’s reserves to...
