Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hurricane Risk Reduces Prospective Profit of Homeowners Insurance
Oct 11 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re, the...
Banks’ Insurance Revenues, Insurance Brokerage Fees Up
Oct 10 2006 // The nation’s bank holding companies increased their total insurance revenue 1.1 percent to $21.4 billion in the first half of 2006 from $21.2 billion during the same period in 2005. Bank holding companies’...
Auto Premium Rating Error Cost U.S. Auto Insurers More Than $16 Billion
Oct 3 2006 // San Francisco-based Quality Planning Corp., the rating integrity solutions company, today released its annual Premium Rating Error report, showing premium rating errors remain a drag on auto insurer profitability. QPC...
P/C Insurers’ Profitability Drops in First-Half of 2006
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Benfield Reports on European Reinsurers Strong H1 Results
Sep 28 2006 // Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups. The...
Lloyd’s Posts $2.55 Billion H1 Profit
Sep 27 2006 // Lloyd’s announced overall first half profits of £1.3 billion ($2.553 billion), slightly below the £1.38 billion ($2.61 billion) it earned in the same period of 2005. Unfortunately Katrina, Rita and Wilma wiped out...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
The Fiess decision: Mold is out and more
Sep 25 2006 // In early 2005, the Federal Fifth Circuit Court of Appeals “certified” a very controversial state law question to the Texas Supreme Court. Certifying a question simply means that the Federal Appellate Court asks...
When insuring international trade, expect the world
Sep 25 2006 // Think how few things any of us wears, uses or drives that are wholly made in the USA, and that provides a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
Understanding D&O risks, exposures and insurance options
Sep 25 2006 // What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who...
The Fiess decision: Mold is out and more
Sep 25 2006 // In early 2005, the Federal Fifth Circuit Court of Appeals “certified” a very controversial state law question to the Texas Supreme Court. Certifying a question simply means that the Federal Appellate Court asks...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
When insuring international trade, expect the world
Sep 25 2006 // Think how few things any of us wears, uses or drives that are wholly made in the USA, and that provides a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
Safeco to Host Webcast to Discuss Q3 Results
Sep 22 2006 // Seattle-based Safeco will be broadcasting its regularly scheduled conference call over the Internet to discuss third-quarter financial results. The broadcast will be held on Tuesday, Oct. 31 at 11a.m. EST. A live Webcast...
Alea Posts $10.7 Million 1H Loss; Continues Run-Off Operations
Sep 21 2006 // Bermuda-based Alea Group Holdings announced a net loss of $10.7 million for the first half of 2006, compared to a $19.5 million net profit in the same period last year. Other first half figures and comments included the...
PartnerRe to Publish ‘Loss Development Triangles’- Conference Call Details
Sep 20 2006 // Bermuda’s PartnerRe Ltd. will publish the Company’s Loss Development Triangles shortly after 4 p.m. EDT today, September 20, 2006. “A copy of these documents will be available on the Company’s...
Fla. Orders 5 Workers’ Comp Insurers to Refund ‘Excess Profits’
Sep 19 2006 // Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return what his department has determined are excessive profits totaling $649,363.00. Workers’...
Arrowhead Offers Not for Profit Organization D&O Liability
Sep 12 2006 // Arrowhead General Insurance Agency Inc. is offering a new not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3 and 501(c)4 organizations. The program is through RLI...
Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move
Sep 12 2006 // U.K.-based specialty and Lloyd’s insurer Hiscox plc posted a mixed first half performance. According to its recently published statement gross premiums written rose 43 percent to £625.1 million ($1.167 billion)...
GMI Continues to Profit & Grow With FormsPlus
Sep 6 2006 // Three years after making the decision to automate their business auto, the future of their company never looked brighter. Over the past two years through aggressive underwriting and state of-the-art automation provided by...
