Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
Private Firms Seize Profit Opportunities in Emergency Services
Apr 17 2006 // If government can’t do it, business will. Once the domain of government and charitable relief groups, hurricane response and preparedness are a booming billion-dollar business — from the self-heating food packets...
$960M in Unanticipated Fla. Revenue Could Provide Rate Relief
Apr 17 2006 // The Florida General Revenue Estimating Conference has released new estimates stating Florida is expected to receive an additional $960 million in unanticipated revenue this year and the next. This estimate is in addition...
Mass. makes health insurance history by making it compulsorypq”The state says the uninsured tend to be low income, par
Apr 17 2006 // Everyone pays their part: individuals, government, health care providers and employers,” proclaims the document outlining the latest plan to expand health insurance to all citizens in Massachusetts. The Commonwealth...
Editor’s Note: Close to home: 1906 revisited
Apr 17 2006 // If an earthquake similar to that of the 1906 San Francisco quake were to hit a metropolitan area, today, the losses would be staggering. April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a...
The language gives rise to a chicken or egg conundrum: Must the ensuing loss follow the mold, or is mold covered if it e
Apr 17 2006 // The debate over ‘ensuing loss’ continues Mold ‘crisis’ put spotlight on policy language Despite all the recent changes in policy forms, a number of claims still exist under policies using...
AOL ad revenue class action suit settled for $2.6 billion
Apr 17 2006 // A judge approved a $2.65 billion class-action settlement of claims that ad revenue was counted in a fraudulent manner prior to the merger of America Online and Time Warner. U.S. District Judge Shirley Wohl Kram signed a...
Editor’s Note: If 1906 repeated itself in a major metropolitan space … during working hours … there would
Apr 17 2006 // $7 billion in workers’ compensation losses. Close to home: 1906 revisited April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a catastrophe that affected thousands of lives, caused...
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
Insured Losses from March Tornadoes in Mo. Hit $394 Million
Apr 12 2006 // As state and federal teams assess damage from last week’s severe storms, losses from earlier storms and tornadoes are becoming clear, according to an Associated Press news account. The first round of severe weather...
Insurance Industry on Solid Financial Footing, But Overall Results Mask Problems in Certain Lines, Locations
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
AOL Ad Revenue Class Action Suit Settled for $2.6 Billion
Apr 9 2006 // A judge has approved a $2.65 billion (euro2.18 billion) class-action settlement of claims that advertising revenue was counted in a fraudulent manner prior to the merger of America Online Inc. and Time Warner Inc. U.S....
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
Alea Posts $178.9 million 2005 Loss; Continues Run-off
Apr 4 2006 // Alea Group Holdings (Bermuda) Ltd.’s 2005 financial results demonstrate just how devastating the loss of an “A” rating can be. Although the Group posted a small, $4.3 million loss in 2004, it started 2005...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
When insurers play the ratings game
Apr 3 2006 // Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
When insurers play the ratings game
Apr 3 2006 // Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the...
Fitch: Deterioration in profits for U.S. P/C sector
Apr 3 2006 // The U.S. property/casualty insurance industry will report deterioration in profitability in 2005 because insured catastrophe losses reached record levels in 2005, Fitch Ratings said. The decrease in profitability is...
