Best Read Profit Loss Headlines
Headlines from our Profit Loss Topic Page with the most time spent reading.
#1 New York AG Sues Zelle, Claims Lax Security Led to $1 Billion Consumer Fraud Losses
Aug 14 2025 // Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from...
#2 Berkshire Insurance Units Report Lower Q2 Operating Income Overall
Aug 4 2025 // GEICO was the only one of Berkshire Hathaway’s major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2% rise in underwriting profit for the personal auto...
#3 Turning Non-Standard Risks Into New Revenue: How Agents Can Capitalize
Jul 21 2025 // Independent agents could be turning away nearly half of their prospective clients. The years of independent agents chasing “standard and preferred” home and auto risks are quickly coming to an end. As the risk...
#4 Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
May 5 2025 // He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer...
#5 Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’
Jan 27 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re. Overall...
#6 Lemonade Posts Another Quarterly Loss but Car Growth Continues
Aug 5 2025 // Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year,...
#7 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...
#8 Cincinnati Financial More Than Doubles Q2 Net Income
Jul 29 2025 // Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of...
#9 Texas Beekeepers Facing Soaring Bee Losses, Threatening Agriculture Industry
Mar 4 2025 // Since starting their beekeeping business southwest of San Antonio in late 2019, the Wheeler family has aimed to produce about 3,000 bee colonies each year, many of which are used to pollinate crops like watermelons and...
#10 Low-Income Tenants Sue Omaha Housing Authority Over Bed Bug Infestations
Jan 8 2025 // A class-action lawsuit filed Monday alleges the Omaha Housing Authority ignored and failed to eliminate bed bug infestations at high-rise apartments for low-income residents. The new lawsuit, brought by a pioneering firm...
#11 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...
#12 Homeowners Have Post-Loss Duties Too, Florida Appeals Court Says in HCI Win
Mar 20 2025 // Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under...
#13 State Farm 2024 Underwriting Losses Shrink on Auto Results
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024...
#14 Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
Apr 30 2025 // The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an...
#15 Progressive Could Soon Breach Excess Profits in Florida Auto, Triggering Refunds
Aug 7 2025 // Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former...
#16 Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty
Aug 8 2025 // Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason...
#17 The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows
Aug 19 2024 // A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers,...
#18 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...
#19 Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines
Jul 29 2025 // Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the...
#20 Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
Jan 17 2025 // CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t...
