Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Mercury General to Report Q1 Results on May 7
Apr 18 2007 // Los Angeles-based Mercury General Corp. is scheduled to report its results for the first quarter reported ended March 31, 2007, on May 7. On May 7 at 10 a.m. PST, company executives will host an investor conference call...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Tornado Losses in N.J., Conn., Ohio Could Top Those of Great Plains States
Apr 18 2007 // Most people associate tornado activity with the “Tornado Alley” of the Great Plains states. While this is true in terms of the sheer numbers of tornadoes and losses, surprisingly, catastrophe modeling shows...
Losses Estimated at $25 Million in North Texas Storm
Apr 17 2007 // A fast moving storm that slammed into the Dallas/Fort Worth area on the night of April 13 spawned tornadoes and large hail and caused an estimated $25 million in insured losses. Two people, including an Irving police...
New Online Calculator Helps Assess the Financial Cost of Data Theft
Apr 12 2007 // Darwin Professional Underwriters Inc., a specialty insurance company and provider of technology liability insurance coverage, has developed an online calculator that allows companies to estimate their financial risk from...
Banks’ Total Insurance Revenue Dipped; Brokerage Income Rose in ’06
Apr 10 2007 // The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup, Inc. (N.Y.), Wells Fargo &...
PREDICTING EARTHQUAKE LOSSES
Apr 9 2007 // The California Earthquake Authority is collaborating with the U.S. Geological Survey and the National Science Foundation on a new earthquake damage risk model to update the current model developed by risk modeling company...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
Contrary to the headlines, ID theft may be on the decline
Apr 9 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Small London company uses computer archive to help find stolen art
Apr 9 2007 // News Currents The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Top 10 data loss disasters in 2006
Apr 9 2007 // Data recovery experts worldwide from Minneapolis, Minn.-based Ontrack Data Recovery chimed in for a poll to name the top 10 remarkable data loss disasters in 2006. While the data disasters could have been catastrophic for...
Top 20 Banks in Insurance Brokerage Fee Income (2006/Nationally)
Apr 9 2007 // Rank 2006 Insurance Brokerage Fee Bank Income Name City, State Web site 1 $973.0 million Citibank N.A. Las Vegas, Nev. www.citibank.com 2 $799.4 million Branch Banking and Trust Co. Winston-Salem, N.C. www.bbt.com 3 $190.1...
SCOR Profits Soar to $338 Million
Apr 6 2007 // France’s SCOR Group announced a 92 percent increase in net income for 2006 to €252 million ($338 million) before, what the report termed, “badwill” linked to the acquisition of Revios. Essentially the...
New Mexico Insured Tornado Losses Estimated at $16.5 Million
Apr 6 2007 // Tornado and hail that tore across New Mexico in March has an estimated insurance price tage of $16.5 million, according to the Rocky Mountain Insurance Information Association. The association said insurance adjusters have...
