Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Delta Projects Revenue Hit of Up to $50M From Atlanta Airport Outage
Dec 22 2017 // The CEO of Delta Air Lines says the company will seek compensation for its losses after a power outage knocked out the Atlanta airport’s power supply and also its backup electricity for about 11 hours Sunday. The...
Swiss Re Says Global Insured Catastrophe Losses Will Hit $136B in 2017
Dec 20 2017 // Swiss Re AG estimates that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record for the sector, with the United States hardest hit, it said on Wednesday. Total economic losses...
Catastrophe Bond Managers Put Hurricanes Behind Them, Plan New Launches
Dec 20 2017 // Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record...
The Charity Issue: Photos of Giving
Dec 18 2017 // The Keane Insurance Group John Keane, president of The Keane Insurance Group, founded the Keane Charitable Group in 2010 after the earthquake in Haiti. Since then, The Keane Group has raised more than $1 million to build...
Despite Insurance Losses, Berkshire Stock Joins Exclusive Club
Dec 18 2017 // Berkshire Hathaway Inc.’s stock price touched $300,000 for the first time on Monday, reflecting investors’ confidence in Warren Buffett’s conglomerate despite four straight quarters of lower operating...
6 Industry Trends to Exploit for 2018
Dec 18 2017 // To prepare for the future, business owners need to observe what trends are occurring and then evaluate how those trends could impact their business. It is a guessing game, but an educated guess is usually proven to be...
Deadline for Louisiana Flood Insurance Proof of Loss Is Dec. 31
Dec 14 2017 // The end of the year deadline for National Flood Insurance Program (NFIP) policyholders affected by the flooding in August 2016 of South Louisiana is fast approaching. After six extensions, the deadline for the filing of...
What to Know About the Senior Care Market
Dec 13 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report
Dec 11 2017 // Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1 trillion (US$1.0 billion) – a rare billion-dollar event for the country, according to...
Arkansas Farmers Get $466M in Payments for Crop Losses in 2016
Dec 11 2017 // The U.S. Department of Agriculture says Arkansas farmers received $466 million in federal “safety net” payments this year for their crop losses in 2016, third highest in the nation. The Arkansas...
Insured Losses for Germany-Austria’s Storm Herwart Estimated at $337.3M: PERILS
Dec 11 2017 // The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million), according to PERILS, the independent Zurich-based...
It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch
Dec 11 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
AIR Worldwide Updates Hurricane Maria Loss Estimate
Dec 7 2017 // Catastrophe modeling firm AIR Worldwide has updated its loss estimates for Hurricane Maria, reporting that insured losses in the Caribbean will be between $27 billion and $48 billion. Losses from Maria in Puerto Rico alone...
Technology, Regulation Prove Double-Edged Swords in Product Recall Risk
Dec 6 2017 // Exploding Samsung phones, error-prone Takata airbags, faulty GM vehicle ignition switches, failing Johnson & Johnson hip implants — multi-billion dollar product recalls have become more common over the past...
What do Cupcakes, BBQ and Ethnic Fusion Have In Common?
Dec 4 2017 // They top the list of trending food trucks…and food trucks, in general, are definitely trending. With over 4,000 food trucks on the road today and an annual growth of 8% reported by IBISWorld, the trend is expected to...
How Republicans’ Senate, House Tax Bills Differ
Dec 4 2017 // Expiring tax cuts, business perks and health care politics loom over House and Senate Republicans as they face the daunting task of hammering out the differences between their competing bills to rewrite the U.S. tax...
Program Business Sector Revenue Jumps 11.7% from 2014 to 2016: TMPAA
Dec 4 2017 // The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program...
California Fires Will Add to 2017 Insurer Catastrophe Losses, Fitch Says
Dec 4 2017 // No U.S. reinsurance companies in Fitch Rating’s rated universe are expected to be downgraded as a result of losses from the California wildfires alone, but for a number of companies the impact of wildfire losses adds...
Victim Compensation for Emotional Suffering: How Much Is Right?
Dec 1 2017 // If a company sends one of its workers to a crime-ridden neighborhood to repair a leaking roof and the worker is held up by gunpoint, has his wallet stolen and is so terrified that he can’t return to work, how much...
Insurers’ Asbestos Payments in 2016 Topped $3 Billion
Nov 30 2017 // While U.S. asbestos-related incurred losses dropped in 2016, property/casualty insurers’ payments for asbestos claims grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2...
