Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ISO Symbols Rate Liability By Make and Model
Apr 19 2004 // Insurance Services Office, Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage...
Minnesota: An Inside Look at the Land of Lakes
Apr 19 2004 // The U.S. Census Bureau’s 2000 census estimated the Minnesota population at 4.9 million. About 88 percent of the adult residents had graduated from high school and about 27 percent had earned a bachelor’s degree...
Legislators CLUE in to Loss Reports
Apr 19 2004 // Among the many topics addressed by the property and casualty insurance committee of the National Confer-ence of Insurance Legislators (NCOIL) at its meeting in San Antonio Feb. 26 – 29, was the comprehensive loss...
First M&F Reveals Q1 Numbers
Apr 18 2004 // Mississippi-based First M&F Corp.’s net income for the quarter ended March 31, 2004 was $2,600,914, or $.57 basic and diluted earnings per share, compared to $2,653,589, or $.57 basic and diluted earnings per...
S&P Enhances Criteria to Evaluate Loss Reserves of Global Reinsurers
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
Loss Reserve Adequacy, Fair Value Accounting Among Topics at CAS Spring Meeting
Apr 15 2004 // The truth about loss reserve adequacy, from the perspective of a regulator, an investor and an attorney, and the rationale behind the implementation of fair value accounting standards will be among the topics featured at...
A.M. Best Affirms OneBeacon’s ‘A’ Rating
Apr 14 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, Mass.) and Folksamerica Reinsurance Company (New York, N.Y.). OneBeacon’s rating is based on its...
BB&T Notes Q1 Income of $328.5 Million
Apr 14 2004 // North Carolina-based BB&T Corporation has reported net income for the first quarter of 2004 totaling $328.5 million, or $.60 per diluted share. Net income increased slightly compared with $327.7 million earned in the...
P/C Net Income Propels Surplus
Apr 14 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Brown & Brown: 20% Gain in Q1 Earnings Per Share
Apr 14 2004 // Florida-based Brown & Brown Inc. announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5 percent over the $0.44...
Arkansas Department Explains Fire Loss Reporting
Apr 9 2004 // The Arkansas Insurance Department issued a bulletin explaining compliance requirements of all property insurers licensed to do business in the state with Act 1345 of 2003, also known as the “Fire Loss Reporting Act...
Lloyd’s Puts 2003 Profits at $3.387 Billion
Apr 7 2004 // While other insurers had a good year in 2003, Lloyd’s had a great one. The 300 year old insurance market projected 2003 profits on an annualized basis of $3.387 billion. On the old three-year system the 2003...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the...
Legislators Try to Get a CLUE About Loss Reports
Apr 5 2004 // Among the many topics addressed by the property/casualty insurance committee of the National Conference of Insurance Legislators (NCOIL) at its Feb. 26-29 meeting in San Antonio was the comprehensive loss underwriting...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Wash. Drivers with High Incomes, Degrees Speed More Often
Apr 5 2004 // According to a PEMCO Insurance survey, the person passing you on the highway well above the speed limit is more likely to have an advanced education and earn a higher income than those traveling at safer speeds. The...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
SCOR Narrows Loss to $384 Million
Apr 1 2004 // France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002. In addition the company reported...
New ISO Symbols Rate Cars By Make and Model for Liability, No-Fault/Medical Payments Insurance
Apr 1 2004 // Insurance Services Office Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage...
