Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Farmers in Texas Face Severe Losses From Floods
Jul 11 2025 // Across a wide swath of Texas, the inundated rivers that ravaged communities also tore through farms and ranches. In the town of Bend, about two hours north of Austin, Boyd Clark waded into rising waters to help one of his...
NC Man Claimed Almost $300,000 in Travel Insurance Losses. Then He Was Arrested
Jul 11 2025 // Oscar Rafeal Ruiz was a busy man in 2023 and 2024, jetting to numerous places, losing his luggage multiple times and filing travel insurance claims of almost $300,000. The problem, North Carolina authorities said, is that...
Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients
Jul 9 2025 // Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders. These new offerings include a complimentary one-hour call with an...
AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1
Jul 7 2025 // Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss for the U.S. P/C industry. According to industry rating agency AM...
Verisk: Q1 Claims Volume Hits 5-Year Low but Severity Up on Wildfire Losses
Jul 7 2025 // The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume...
Claim Counts Down, Losses up for California Workers’ Comp Private Self-Insureds
Jul 3 2025 // California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However,...
Nationwide Completes $1.25B Deal for Allstate’s Stop-Loss Segment
Jul 2 2025 // Insurer Nationwide said it has completed the purchase of Allstate’s Group Health business segment for $1.25 billion. The acquisition was announced in January. Nationwide said the purchase will strengthen and...
Truckers Fear Job Loss as New English Language Rules Take Effect
Jul 1 2025 // At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and...
WCIRB: 2024 Losses, Expenses in California Workers’ Comp 108% of Earned Premium
Jul 1 2025 // Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report out today shows. The Workers’ Compensation Insurance...
Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses
Jun 24 2025 // Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from...
Verisk: Q1 Claims Volume Hits 5-Year Low but Severity Up on Wildfire Losses
Jun 19 2025 // The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume...
After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says
Jun 16 2025 // After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report...
New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage
Jun 13 2025 // Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the...
AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1
Jun 9 2025 // Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM...
A Deep Dive: Recommendations on Georgia’s Rising Premiums, Loss Ratios
Jun 9 2025 // Homeowners’ insurance premiums in Georgia cost less than in other states. Neither affordability nor availability have been major concerns in a state with hundreds of licensed insurers. But things changed in 2023-2024...
Credit Suisse, SoftBank Fight Over Greensill Losses in $440 Million London Lawsuit
Jun 6 2025 // Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp. kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill...
Viewpoint: May the Combined Ratio R.I.P. (for Measuring Profit)
Jun 2 2025 // When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining...
Viewpoint: How to Keep 3rd-Party Events From Becoming 1st-Party Losses
Jun 2 2025 // Vendor-related risks, whether from technology suppliers or non-technology partners, have always been a concern and often drive a large number of cyber insurance claims notifications. Vendor risks have traditionally come in...
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
May 30 2025 // After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The...
After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says
May 30 2025 // After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report...
