Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Appraisal is Often Best Remedy for Claim Disputes
Jun 20 2005 // As someone who makes his living by representing people who sue each other, it may sound odd for me to say, but it’s true-a lawsuit is not the answer to every dispute. A case in point is a typical dispute over the...
What is Finite Risk Reinsurance? A Definitive Explanation
Jun 20 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in...
North Dakota Sets Example on Loss-History Databases
Jun 20 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
Think Moderation on Loss History Reports Regulation
Jun 20 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...
AIG Downgraded
Jun 20 2005 // Standard & Poor’s Ratings Services lowered its long-term counterparty credit and senior debt ratings on American International Group Inc. to “AA” from “AA-Plus.” S&P also removed the...
Va. Municipalities Tally Costs, Benefits Involving Red Light Cameras
Jun 16 2005 // Red-light cameras have been criticized as moneymakers masquerading as safety devices. But several Virginia jurisdictions predict their budgets will be better off when Virginia ends the pilot program this...
Fireman’s Fund Excels in TWCC Loss Control Review
Jun 14 2005 // Fireman’s Fund Insurance Company announced it has achieved a perfect score during a Loss Control regulatory audit conducted by the Texas Workers’ Compensation Commission. This is the second year in a row that...
WCIRB Releases Report On Losses and Expenses For Calendar Year 2004
Jun 13 2005 // California’s Workers’ Compensation Insurance Rating Bureau has released its report on workers’ compensation losses and expenses for 2004. The report is prepared annually pursuant to Section 11759.1 of the...
RG America Reports Q1 Profit
Jun 7 2005 // Dallas-based RG America Inc. announced first quarter 2005 net cash-flow results of $293,000. RG America is a family of companies offering construction/restoration and financial services and products primarily to the...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...
Think Moderation on Loss History Reports Regulation
Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...
Los Angeles Area Quake Could Result in 7,600 Dead; Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Killer Tsunamis and the Marine Insurance Market
Jun 6 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? – Maurice “Hank” Greenberg, AIG CEO, 1992 From the 1980s until recently, insurance giant American International Group...
Think Moderation on Loss History Reports Regulation
Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...
Argonaut Group Expands with Launch of Argonaut Specialty
Jun 6 2005 // Argonaut Group Inc., headquartered in San Antonio, is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Unigard Reports Strong First Quarter Financial Results
Jun 2 2005 // Bellevue, Wash.-based Unigard Insurance Companies reported an outstanding first quarter combined ratio of 83.0 percent, which represents a strong showing compared to current U.S. insurance industry projections and further...
AIG 10K Filing and Restatements Shave 2004 Net Income by 11.9%
May 31 2005 // American International Group Inc. (AIG) announced that it has filed its long-awaited 2004 annual financial report Form 10-K along with adjustments for 2000 through 2003 with the Securities and Exchange Commission. As part...
