Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Lloyd’s Chairman Notes U.S. Premium Income Rises to New High of $8.2B
Jan 16 2003 // In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced...
A.M. Best Affirms FSR of Travelers
Jan 15 2003 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Travelers Property Casualty Pool (Hartford, Conn.). The rating applies to the 20-member pool, led by Travelers Indemnity Company, and two...
P/C Insurers Feel $6.6B Decline in Investment Gains in First Half of 2002
Jan 13 2003 // Property and casualty insurers suffered a staggering $6.6 billion decline in investment gains during the first six months of 2002, to $18.1 billion from $24.7 billion during the same period in 2001, according to Weiss...
The Game of Profit & Cash Teaches Employees Financial Basics
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
The Game of Profit & Cash® Teaches Employees Financial Basics
Jan 13 2003 // As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes...
Loss in Progress, or Just an Accident Waiting to Happen’
Jan 13 2003 // While a number of significant insurance decisions, in Texas and nationwide, have commanded recent attention, there are also some lesser acclaimed opinions worthy of note. In particular, Texas courts continue to grapple...
Zurich North America Small Business Notes System Enhancements for Agents, Brokers
Jan 10 2003 // Zurich North America Small Business has announced system enhancements that give its agents and brokers online access to important customer account management documents. By logging onto eZSB, the Zurich Small Business...
WCIRB’s Q3 Report Reveals Price Increases and Adverse Loss Development
Jan 9 2003 // The Workers’ Compensation Insurance Rating Bureau’s (WCIRB) summary of statewide third quarter 2002 experience shows sharp increases in rates charged to policyholders, declines in claim frequency, and continued...
RMS Estimates Losses from Recent European Windstorm Could Reach $940 Million
Jan 9 2003 // California’s Risk Management Solutions, Inc. (RMS), a global provider of products and services for catastrophe risk management, announced that overall losses from Windstorm Calvann, which swept through France and...
Munich Re Estimates 2002 Insured Losses from Catastrophes at $11.5 Billion
Dec 30 2002 // In a yearly review released today Munich Re calculates the overall economic losses from natural and man-made catastrophes in 2002 at a staggering $55 billion, compared to $35 billion last year. However, the world’s...
Erie Reports Storm Losses, Loss Reserve Increases
Dec 25 2002 // Erie Insurance Group announced that its property and casualty companies would increase loss and loss adjustment expense reserves by approximately $184 million in the fourth quarter of 2002. The company also reported its...
PIIAI Mourns Loss of State Rep. Tim Osmond
Dec 23 2002 // The Professional Independent Insurance Agents of Illinois has issued a bulletin on behalf of the organization, its staff and all members of the insurance community, mourning the loss of State Representative Tim Osmond, who...
ISO Says Insured Losses Stand at $360M from Early Dec. Winter Storm
Dec 20 2002 // Insurers are expected to pay homeowners and businesses $360 million for insured-property losses from the winter storm on Dec. 4-5 that blanketed North Carolina and four other states with snow and ice, according to...
Preliminary Swiss Re sigma Report Confirms 2002 “Below Average” Year for Catastrophe Losses
Dec 19 2002 // Swiss Re has issued some preliminary findings from its forthcoming sigma report on the world’s catastrophes in 2002. Initial estimates show that it was a relatively benign year. Although “19,000 people world...
Weak Investment Results Throw Curve at P/C Insurers’ Recovery at Nine-Month Mark
Dec 18 2002 // Thanks to strong premium growth and lower catastrophe losses, the U.S. property/casualty industry earned $9.3 billion in net income after taxes through nine-months 2002, in sharp contrast to the $2.6 billion net loss...
NEW REPORT SAYS HAZARD PLANNING REDUCES INSURED LOSSES FROM DISASTERS
Dec 16 2002 // Communities that incorporate natural disasters in their land use planning experience fewer insured losses than those that do not, according to a new report presented at the Institute for Business & Home Safety’s...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Solvency Study Shows Continued Good Ratings
Dec 16 2002 // The solvency record of the domestic surplus lines industry continues to mirror that of the total property/casualty industry, according to the ninth annual study of the excess and surplus lines industry by the A.M. Best...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
