Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 6 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
Insurance credit scoring plagued with fundamental problems
Nov 6 2006 // A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can...
There are no ‘mulligans’ in commercial property
Nov 6 2006 // Lessons in loss prevention help keep commercial property insurance clients from becoming statistics You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty....
UNDER Construction: The Green Property Insurance Market
Nov 6 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Ease of doing business can make the strategic ‘profit’ differential
Nov 6 2006 // Let’s start with three basic ideas about property/casualty insurance distributed through independent agents and brokers — a sector with more than $200 billion in written premium annually. 1) P/C insurance...
Hawaii’s earthquake losses, not earthquake policies, on the rise
Nov 5 2006 // Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s...
A multi-billion loss in corporate equity with the stroke of a pen?
Nov 5 2006 // Major earthquakes, category 5 hurricanes and terrorist attacks strike in an unpredictable manner. A fortune teller who could predict when the next of any of these events will occur would be hailed as the next Nostradamus....
Insurance credit scoring plagued with fundamental problems
Nov 5 2006 // A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can...
Ease of doing business can make the strategic ‘profit’ differential
Nov 5 2006 // Let’s start with three basic ideas about property/casualty insurance distributed through independent agents and brokers — a sector with more than $200 billion in written premium annually. 1) P/C insurance...
UNDER CONSTRUCTION
Nov 5 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
There are no ‘mulligans’ in commercial property
Nov 5 2006 // You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty. Unfortunately, in the world of loss prevention and property protection, a mulligan is typically not an...
Allied World Sets Q3 Earnings Announcement; Conference Call
Nov 3 2006 // Bermuda-based Allied World Assurance Company Holdings, Ltd. will release its financial results for the third quarter ended September 30, 2006 on Wednesday, November 8, 2006, after the market closes. Scott Carmilani,...
Ind. Baldwin & Lyons Hold 3rd Quarter Earnings Call Today
Nov 2 2006 // Baldwin & Lyons, Inc, today announced that management has scheduled its quarterly conference call today, Thursday, Nov. 2, 2006 at 11:00 a.m. (ET) to discuss results for the third quarter ending Sept. 30, 2006....
Health Care Costs Rise Faster Than Income in Texas, Report Says
Nov 2 2006 // Health care premiums in Texas rose nearly 71/2 times faster than working families’ incomes over the past six years, according to a report released Oct. 30 by a consumer health advocacy group. Families USA of...
RenRe Posts Q3 Operating Income of $247 Million
Nov 1 2006 // Bermuda’s RenaissanceRe Holdings Ltd. reported $247 million in third quarter operating income – which excludes capital gains and losses – available to common shareholders compared to a $292.5 million...
Marsh Revenue, Profit Up in 3d Quarter; Expenses Down
Nov 1 2006 // Marsh & McLennan Companies, Inc. reported consolidated revenues for the third quarter were $2.9 billion, an increase of 4 percent from the 2005 third quarter. Consolidated net income more than doubled to $176 million...
MacDonald Retained by Allianz of America for Retired Income Market
Nov 1 2006 // Robert W. MacDonald, founder and chief executive of Minneapolis-based LifeUSA and retired chairman and CEO of Allianz Life Insurance Company of North America, through his consulting firm CTW Consulting, has been hired by...
Best Issues Special Report on Canadian Auto Insurance Industry
Oct 31 2006 // “During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a...
AXIS Q3 Net Income $226.2 Million
Oct 31 2006 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $226.2 million, or $1.37 per diluted common share for the quarter ended September 30, 2006, compared with a net loss of...
Safeco Reports Net Income of $101.1 Million in Third Quarter
Oct 31 2006 // Seattle-based afeco has reported its third-quarter results. The company produced record net income for third-quarter 2006 of $255.7 million, or $2.20 per diluted share. This compares with net income of $101.1 million, or...
