Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
The Hartford Sells Medical Stop Loss Business to UnitedHealth Unit
Mar 7 2007 // The Hartford Financial Services Group, Inc. has agreed to sell its medical stop loss insurance business to National Benefit Resources, Inc. (NBR), a subsidiary of UnitedHealth Group, Inc. The transaction is expected to...
RMS Ups Kyrill Loss Estimates
Mar 6 2007 // Newark, Calif.-based RMS has revised its industry loss estimate for windstorm Kyrill to between €3 and €4 billion ($3.94 and $5.25 billion), based on recently available information. “Windstorm Kyrill caused...
Berkshire Reports 29% Jump in Earnings; Seeks Buffet Successor
Mar 5 2007 // Chief Executive Warren Buffett said he plans to hire a young investment manager to help succeed him at Berkshire Hathaway Inc. as the insurance giant recorded a 29.2 percent jump in net income in 2006, helped by a lack of...
Swiss Re Net Jumps 98% to $3.76 Billion; Plans Share Buyback
Mar 1 2007 // Swiss Re announced record 2006 earnings of CHF 4.6 billion ($3.76 billion), a 98 percent increase over 2005. Earnings per share were CHF 13.49 ($11.02), a 16.3 percent return on equity. Shareholders’ equity rose by...
Chicago Specialty Underwriters Report 4th Quarter, Year-end Results
Feb 28 2007 // Specialty Underwriters’ Alliance, Inc. has announced financial results for the fourth quarter and year ended December 31, 2006. Highlights for the year ended December 31, 2006 include: * Gross written premium growth...
Liberty Mutual Reports Record Earnings
Feb 27 2007 // Aided by lower than expected catastrophe losses and strong underwriting, Liberty Mutual Group reported net income of $455 million and $1.626 billion for the fourth quarter and 12 months ended December 31, 2006,...
Net Income Rose 77% for Year at Tower Group
Feb 27 2007 // Tower Group, Inc. reported its financial results for the fourth quarter of 2006, including a 45 percent increase in net income to $9.5 million as compared to net income of $6.6 million in the fourth quarter of 2005. For...
A look behind the very good P/C results for 2006
Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...
Car airbags can cause permanent hearing loss, study says
Feb 26 2007 // A researcher at a national hearing conference will present data that predicts 17 percent of people exposed to deployed airbags in American cars will suffer from permanent hearing loss. His data also shows, contrary to what...
