Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Tudor Enhances Non-Profit Policy
Jul 5 2006 // Tudor Insurance Company has introduced an enhanced version of its non-profit organization liability policy. A separate limit of liability will now be available for employment practices liability claims (generally available...
Safeco to Host Webcast to Discuss Second-Quarter Financial Results
Jul 5 2006 // Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss second-quarter financial results. The conference call will be held at 10 a.m., EST on Wednesday, Aug. 2,...
Aim for the Bull’s Eye: Focus on Market Characteristics Improves Programs
Jul 4 2006 // The value of specialization and target marketing in improved insurance performance has been well proven over the past 15-plus years. Ironically, however, a good many target market programs still ignore elements of success...
Making the Grade in Agency Diagnostics
Jul 4 2006 // As individuals, the easiest way to see how well you are performing is to compare yourself to others. We all do it from time to time. Likewise, with businesses, comparisons are a very useful tool to check performance. The...
Appeals Court rejects market-value loss claim
Jul 3 2006 // A man who wrecked his new truck is not entitled to payment from his insurance company for the resulting loss of market value, the New Mexico Court of Appeals ruled. In the first ruling in New Mexico on the issue, the court...
California Commissioner Questions Homeowners’ Insurance Rates
Jun 30 2006 // California Insurance Commissioner John Garamendi has announced he will approve an 18 percent decrease in homeowner and renter premium rates by The Hartford Insurance Co. The Hartford’s filing for a decrease contrasts...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
IRS Issues Tax Guidance for Hurricane Victims, Extends Filing Deadlines
Jun 20 2006 // The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for...
Best Assigns Ratings to New Zealand’s Pacific International
Jun 15 2006 // A.M. Best Co. has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to New Zealand-based Pacific International Insurance Limited (PII) with a stable...
New Mexico Appeals Court Rejects Market-Value Loss Claim
Jun 15 2006 // A man who wrecked his new truck is not entitled to payment from his insurance company for the resulting loss of market value, the New Mexico Court of Appeals ruled. In the first ruling in New Mexico on the issue, the court...
W.Va. Workers’ Comp Loss Costs Decrease 10 Percent
Jun 13 2006 // West Virginia Insurance Commissioner, Jane L. Cline has announced that the Offices of the Insurance Commissioner have approved an overall 10 percent decrease in loss costs for workers’ compensation rates. Loss cost...
S&P Assigns Ratings to Swiss Re’s ‘Successor Programme’ Notes
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
Earnings High For U.S. Commercial Lines Insurers, S&P Reports
Jun 6 2006 // At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
Hartwig predicts profitable 2006, premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said...
HARTWIG PREDICTS PROFITABLE 2006, SEES PREMIUM GROWTH GRINDING TO A HALT
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist, said during...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
Hartwig predicts profitable 2006, sees premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
Hartwig predicts profitable 2006, premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
