Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Making the Grade in Agency Diagnostics
Jul 4 2005 // As individuals, the easiest way to see how well you are performing is to compare yourself to others. We all do it from time to time. Likewise, with businesses, comparisons are a very useful tool to check performance. The...
What is Finite Risk Reinsurance? A Definitive Explanation
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
Small Business Owners Face Gaps, Confusion Over Insurance Problem
Jul 4 2005 // Many U.S. small business owners face a major gap in their insurance coverage or do not fully understand coverage they have, a new national survey conducted by Trusted Choice finds. Trusted Choice agencies are insurance and...
Small Business Owners Face Gaps, Confusion Over Insurance Problem
Jul 4 2005 // Many U.S. small business owners face a major gap in their insurance coverage or do not fully understand coverage they have, a new national survey conducted by Trusted Choice finds. Trusted Choice agencies are insurance and...
Best Affirms White Mountains Operating Subsidiaries Ratings
Jul 1 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the major operating companies of the Bermuda-based White Mountains Insurance Group Ltd. Best rated...
Slayter to Head Loss Control for RiskProNet
Jul 1 2005 // Bruce Slayter, the managing director of risk management services for Chicago-based broker Mesirow Financial has been named chair of the first loss control practice group for RiskProNet International Inc., a network of 28...
ABI Study Finds “Extreme Weather” Could Raise Losses to $27 Billion
Jun 30 2005 // The Association of British Insurers (ABI) has released a ground-breaking report, “Financial Risks of Climate Change,” which shows that the worldwide costs of major storms is likely to increase by as much as...
Best Affirms Ratings of Mapfre Mutualidad and Affiliates
Jun 30 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Spanish insurance group Mapfre Mutualidad de Seguros y Reaseguros, the ultimate parent of the Mapfre Group...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
S&P Reports on Increased Cat Loss Potential, Modeling
Jun 28 2005 // Standard & Poor’s Ratings Services has issued a new report – “Reinsurance Criteria: Larger Losses And Better Modeling Prompt Changes To Property Catastrophe Criteria-” that examines the upsurge...
N.Y. Court Upholds Empire Blues Conversion to Profit Corporation
Jun 21 2005 // New York’s highest court has dismissed an attempt to block the plan to convert Empire Blue Cross and Blue Shield into a for-profit company. The planned conversion is projected to provide the state with as much as $4...
Bank Insurance Brokerage Fee Income Up 7.5% in 2005 1Q
Jun 21 2005 // Bank insurance brokerage fee income was up 7.5 percent year-to-date through March 31, 2005, compared to the same period in 2004, according to Michael White’s Bank Insurance & Investment Fee Income Reports. Among...
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...
