Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
SeaBright Insurance Sees Q4 Net Income of $6.3M
Feb 22 2006 // Seattle-based SeaBright Insurance Holdings Inc. reported results for the fourth quarter and year ended Dec. 31, 2005. For the fourth quarter of 2005, net income was $6.3 million or $0.38 per diluted share compared to net...
Midland Company Reports Strong Fourth Quarter Earnings
Feb 22 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, today reported fourth quarter 2005 net income of $20.0 million, or $1.03 per share, including 3 cents in realized capital...
State Auto Financial Reports 2005 Net Income Up 14%
Feb 21 2006 // Columbus, Ohio-based State Auto Financial Corporation reported that revenue for the year 2005 was $1.14 billion, up from $1.09 billion for the same 2004 period. For the year 2005, State Auto achieved record net income of...
Homeowners Insurers to Pay 15% of 2004 Earnings to La. Citizens
Feb 21 2006 // Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings...
Nonprofits invite new exposures when they act like for-profits<t0h95z10>
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fund raising, employment practices and even marketing of services after for-profit businesses. According to a...
The facts about credit information and insurance
Feb 20 2006 // The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 20 2006 // As is obvious from a perusal of newspaper articles and legal journals, the devastating damage throughout the entire Gulf Coast Region from the recent hurricane season has raised numerous legal issues regarding insurance...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
Nonprofits invite new exposures when they act like for-profits
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fundraising, employment practices and marketing of services after for-profit businesses. According to a recent...
Nonprofits invite new exposures when they act like for-profits
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fundraising, employment practices and marketing of services after for-profit businesses. According to a recent...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
Often overlooked, accurate insurance-to-value should be a priority
Feb 19 2006 // There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value...
Nonprofits invite new exposures when they act like for-profits
Feb 19 2006 // The risk to nonprofits may actually exceed that facing for-profits because nonprofits may have smaller budgets, less financial and legal help, and undefined employment practices. As they face pressure to do more with less,...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 19 2006 // In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time a policy is written and to pay that value to the insured when there is a total loss. As...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
Nonprofits invite new exposures when they act like for-profits
Feb 19 2006 // The risk to nonprofits may actually exceed that facing for-profits because nonprofits may have smaller budgets, less financial and legal help, and undefined employment practices. As they face pressure to do more with less,...
Zurich Financial Reports Record Year Despite Hurricanes; Net Profit Up 30%
Feb 17 2006 // Swiss insurance giant Zurich Financial Services posted a 30 percent increase in its 2005 net profits to $3.2 billion, despite heavy charges for last year’s record hurricane season. The full-year profit figure...
Nevada Approves Workers’ Comp Loss Costs Filing
Feb 16 2006 // Nevada Insurance Commissioner Alice A. Molasky-Arman has announced she has approved the National Council on Compensation Insurance filing for an average decrease of 0.3 percent for workers’ compensation voluntary...
CNA Sees Q4 Net Loss of $217M
Feb 16 2006 // CNA Financial Corporation reported fourth quarter of 2005 results, which included the following items: * Net loss for the fourth quarter of 2005 of $217 million as compared with net income of $303 million for the same...
ING Group 2005 Net Profits up 25.3% to $8.56 Billion
Feb 16 2006 // ING Group, the Netherlands-based international banking, financial services and insurance company, posted strong results for 2005 with net profits up 25.3 percent to €7.21 billion ($8.56 billion). Other earnings...
