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 Reinsurers Have Made Major Structural Changes to Improve Profits. Will Discipline Last?
Aug 22 2025 // Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During the January 2023...
#4 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...
#5 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...
#6 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...
#7 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,...
#8 US P/C Insurance Industry First-Half Underwriting Profit Triples
Sep 4 2025 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first-half of 2025, according to a new report. “The lack of any significant...
#9 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...
#10 Insured Losses in Texas Exceed $47 Billion in 2024
Sep 5 2025 // Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property and casualty market report from the state’s insurance council. Annual direct losses in Texas have now...
#11 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...
#12 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...
#13 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...
#14 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...
#15 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...
#16 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...
#17 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...
#18 Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says
Sep 2 2025 // The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires...
#19 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...
#20 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...
