Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Delaware Compensation Rating Bureau Seeks Loss Costs Increase
Sep 3 2015 // The Delaware Compensation Rating Bureau (DCRB) announced that it has submitted to the Delaware Department of Insurance a filing of revisions to the state’s Residual Market Plan, voluntary market loss costs and...
Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss
Sep 1 2015 // Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer...
UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M Profit in H1 2014
Aug 27 2015 // Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of...
Citizens: Water Losses the Reason for Rate Increases in South Florida
Aug 26 2015 // In a nearly three-hour rate hearing on August 25, representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their recent rate filing, which included significant increases in many...
Hurricane Katrina: The Numbers Tell Their Own Story
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Auto Insurance Affordability Improves in Most States: IRC
Aug 26 2015 // Personal auto insurance has become more affordable over time for all income groups, including low-to-moderate income groups, and in most states, according to a report from the Insurance Research Council (IRC). The industry...
Hudson Crop Launches Total Revenue Coverage
Aug 26 2015 // Hudson Insurance Co. has added Total Revenue Coverage (TRC) to Hudson Crop’s suite of private products. TRC is a supplemental insurance policy to multi-peril crop insurance (MPCI) that offers farmers a single, firm,...
State Auto Realigns Units, Announces Leadership Hires, Changes
Aug 25 2015 // State Auto Financial Corp. today announced changes to the company’s leadership and a redefining of the company’s key business units. The changes were announced by Mike LaRocco, who took over as president and...
Vienna Insurance Q2 Profit Drops 8.6% on Low Interest Rates in Region
Aug 25 2015 // Vienna Insurance Group AG, eastern Europe’s biggest insurer, said profit in the second quarter declined 8.6 percent as low interest rates in the region pushed down returns on its investments. Net income in the three...
Ireland’s FBD Reports H1 Loss of $97.7M, Versus Profit of $6.8M in 2014
Aug 24 2015 // FBD Holdings plc fell to a five-year low after Ireland’s only publicly traded insurer posted one of its biggest first-half losses on record and said it’s unlikely to be profitable until the end of 2016. The...
Michigan’s PIP Maximum Work Loss Benefit Rises Slightly
Aug 21 2015 // The maximum work loss benefit payable under policies of personal protection insurance in Michigan will rise very slightly for the year beginning Oct. 1, the Michigan Department of Insurance and Financial Services...
Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
Aug 21 2015 // Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we...
Ping An Profit Jumps 62% in 1st Half on Investment Returns
Aug 20 2015 // Ping An Insurance (Group) Co., China’s second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 billion yuan...
NCCI Seeks Workers’ Comp Loss Costs Increase in Virginia
Aug 19 2015 // The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the Virginia State Corporation Commission (SCC). Based on its review of the most recently...
10 Years After Katrina, Coastal Cities Face Greater Flood Risk: RMS
Aug 19 2015 // A decade after Hurricane Katrina caused $41 billion in property/casualty insurance losses, the most expensive catastrophe for the global insurance industry, rising sea levels are driving up expected economic and insurance...
How Hackers Profited from Stealing Earnings Press Releases
Aug 18 2015 // In late October 2013, Panera Bread Co., the national chain of restaurants that specializes in healthy soups and baked goods, prepared a news release to announce it was adjusting its earnings expectations downward for the...
Congress May Tackle ‘C’ Corp Tax Reform After Vacation
Aug 18 2015 // Fixing the tax code for U.S. businesses will be at the forefront when Congress returns from vacation next month, with many lawmakers focusing on “C” corporations, despite new data showing a continuing decline...
Tianjin Blast, Fires Initial Insured Loss Estimates at $1.0 to $1.5 Billion
Aug 17 2015 // Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on...
Hurricane Katrina and the Evolution of Risk Management
Aug 17 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses in the United States. Many of the lawsuits filed as a result of the...
NCCI Seeks Worker’s Comp Loss Costs, Rates Decrease in New Hampshire
Aug 13 2015 // The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said in its July 31 filing that based upon its review...
