Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
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...
