Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zenith Estimates Losses Related to Hurricanes
Oct 4 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced its initial estimate of aggregate losses in its assumed reinsurance business attributable to Hurricanes Charley, Frances, Ivan and Jeanne. Zenith...
At $22 Billion, Insured Losses from Four Florida Hurricanes Will Exceed Andrew’s Record
Oct 1 2004 //
Munich Re Estimates $616 Million Hurricane Losses
Oct 1 2004 // Munich Re, the world’s largest reinsurer, issued a statement estimating that its losses from “an unusually close succession of windstorms in the Atlantic and Pacific” would be around 500 million euros...
Transatlantic Holdings Estimates Net Hurricane Losses at $97.5 Million
Oct 1 2004 // Transatlantic Holdings, Inc. (TRH) estimated that its net losses from Hurricanes Frances, Ivan and Jeanne will amount to approximately $65 million, after tax. It said, “after adding the impact of such losses to the...
The Hartford Reports Q3 Earnings
Sep 30 2004 // The Hartford Financial Services Group Inc. today estimated its 2004 third quarter earnings per fully diluted share at between $0.85 and $0.95. This estimated range assumes no net realized capital gains or losses or unusual...
Fairfax, OdysseyRe Estimate Hurricane Losses
Sep 30 2004 // Toronto-based Fairfax Financial Holdings Limited announced that its initial estimate of aggregate potential net losses relating to Hurricanes Frances, Ivan and Jeanne is in the range of US$85 million to US$95 million after...
ACE to Disclose “Global Loss Triangles”
Sep 30 2004 // Bermuda’s ACE Limited announced that it will publish the company’s Global Loss Triangles shortly after 5:00 p.m. Eastern Daylight Time on Thursday, September 30, 2004. “A copy of these documents will be...
RenRe Comments on Hurricanes’ $425 Million Impact; Fitch Affirms Debt Ratings
Sep 30 2004 // Bermuda-based RenaissanceRe Holdings Ltd. estimates that Hurricanes Charley, Frances, Ivan and Jeanne will have a combined negative impact on the Company’s third quarter earnings of approximately $425 million. RenRe...
Mass. A.G. Reilly Calls for 6.2% Cut in Auto Rates
Sep 30 2004 // Following up on his previous assertion that auto insurance in the state is actually too profitable, Massachusetts Attorney General Thomas F. Reilly has now called for a 6.2 percent cut in private passenger auto insurance...
Horace Mann Reports Hurricane Impact
Sep 30 2004 // Illinois-based Horace Mann Educators Corp. estimates its financial impact from Hurricane Frances and Hurricane Ivan, net of anticipated reinsurance, will total approximately $23 to $26 million pretax. In addition, the...
Penn-America Group Notes Hurricane Losses
Sep 29 2004 // Pennsylvania-based Penn-America Group Inc. stated that based upon claims reported to date, it expects after-tax losses from Hurricanes Charley, Frances, Ivan and Jeanne, including additional reinsurance premiums, will be...
SCOR Estimates Q3 Hurricane Losses at $27.5 Million
Sep 29 2004 // France’s SCOR Group estimates that the total gross cost of the cost of the hurricanes in the United States and in the Caribbean, Charley, Frances and Ivan, to be 22.5 million euros million ($27.5 million). SCOR noted...
Jeanne Makes 2004 Costliest for U.S. Hurricane Losses
Sep 28 2004 // Hurricane Jeanne, the fourth major storm to hit Florida this year, has caused between $4 billion and $14 billion in insured losses in the state, meaning that 2004 may now be the insurance industry’s costliest year...
PartnerRe Estimates Q3 Hurricane Losses
Sep 28 2004 // Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The...
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
21st Century Notes Losses from Jeanne
Sep 28 2004 // Edward (Ted) Lawson, president and chairman of the Board of Florida-based 21st Century Holding Company, offered comments about Federated National Insurance Company, a subsidiary of 21st Century, following Hurricane...
PCI, AIA Work with Safety Orgs. to Develop Exam for Loss Control Professionals
Sep 27 2004 // The Property Casualty Insurers Association of America and the American Insurance Association have worked been working together, along with professional safety organizations to “define and design a new test of skills...
RLI Sees $3 Million in Ivan Losses
Sep 27 2004 // Peoria, Ill.-based surplus line insurer RLI Corp. has reported a preliminary range of after-tax losses from Hurricane Ivan of $3 million to $3.5 million. This estimate is based on actual claim activity to date and...
RMS Estimates $4 to $8 Billion Insured Losses from Hurricane Jeanne
Sep 27 2004 // Risk Management Solutions (RMS) estimates insured losses from Hurricane Jeanne will be between $4 to $8 billion, based on an assessment of the hurricane’s characteristics at the time of landfall and its projected...
EMC Notes Q3 Estimated Hurricane Losses
Sep 27 2004 // Iowa-based EMC Insurance Group Inc. has reported that losses associated with three of the four hurricanes that hit the southern United States during the third quarter of 2004 are estimated to total approximately $6.9...
