Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents 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...
Hartwig predicts profitable 2006, premium growth grinding to halt
Jun 5 2006 // The past 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, Premium Growth Grinding to Halt
Jun 5 2006 // The past 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...
Savvy salespeople can profit from the Internet
Jun 5 2006 // It’s a common misnomer that an increase in technology will lead to a decrease in the number of salespeople. While technology and the Internet can be a bad omen for low producers, the digital age is not the enemy of...
Losses from April Hailstorms in Central Texas Reach $160M
Jun 2 2006 // The hailstorms that pounded central Texas in April were costly, according to the Insurance Council of Texas. The final tally for insured losses from storms on April 20 and 21 reached $160 million. The city of San Marcos...
Allied World – $98.1 Million Q1 Net
May 31 2006 // Bermuda’s Allied World Assurance Holdings, Ltd. reported net income of $98.1 million for the first quarter 2006, compared to net income of $64.4 million for the first quarter last year, a 35 percent gain. Operating...
S&P Reports on Japan Non-Life Sector
May 31 2006 // Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard...
Max Re Concludes Internal Investigation; SEC Filing within 15 Days; Q1 Results to be Released Today – Conference Call
May 31 2006 //
Federal Disaster Aid Available for Flood Victims in Mass., N.H. and Maine
May 26 2006 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster aid has been made available in Massachusetts, New Hampshire and Maine to help people...
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
Marketing Fraud Scheme Results in 560 Arrests; $1B in Losses
May 24 2006 // More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people in the United States, the Justice Department said Tuesday. Losses...
Arkansas Working up Weight-Loss Programs for State Workers
May 23 2006 // Arkansas is developing a weight-loss program to offer state employees similar to the regimen that helped Gov. Mike Huckabee lose more than 100 pounds. The governor, who has made diet and exercise his mantra, said the...
Converium Posts $61.6 Million Q1 Net
May 23 2006 // Swiss-based reinsurer Converium bounced back from a first quarter loss in 2005 to post net income of $61.6 million in the first quarter of 2006. The Company’s pre tax operating income, which excludes capital...
Ready, set … recall
May 22 2006 // Editor’s note: This is part 2 of two-part series on product recall. Part 1 appeared in the May 8, 2006, Western region issue of Insurance Journal. Losses resulting from a product recall are generally classified as...
Ready, set … recall
May 22 2006 // Editor’s note: This is part 2 of two-part series on product recall. Part 1 appeared in the May 8, 2006, Western region issue of Insurance Journal. Losses resulting from a product recall are generally classified as...
First quarter financial results upbeat, but some note disaster fallout
May 22 2006 // The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial...
SullivanCurtisMonroe CEO says growth, profit and fun equal success
May 22 2006 // Best Practices is a new Insurance Journal column that profiles how some of the nation’s top performing agencies run their operations. IJ’s Publisher Mark Wells recently interviewed William Curtis, managing...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 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,...
