Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Swiss Re sigma 2014 Disaster Insured Loss Estimates = $34 Billion
Dec 17 2014 // According to Swiss Re’s preliminary sigma estimates, total economic losses from natural catastrophes and man-made disasters were $113 billion in 2014, down from $135 billion in 2013. Out of the total economic losses,...
Missouri DOI Recommends Workers’ Comp Rate Decrease
Dec 15 2014 // The Missouri Department of Insurance is recommending a 4.4 percent decrease in workers’ compensation insurance loss costs for 2015. The key driver of the decrease is the favorable loss experience in 2012, according...
North Carolina Approves Decreases in Voluntary, Residual Market Workers’ Comp Loss Costs for 2015
Dec 15 2014 // North Carolina Insurance Commissioner Wayne Goodwin has approved workers’ compensation rates as filed that will go into effect April 1, 2015. There will be a 3.4 percent average decrease to loss costs for the...
African Insurers’ Growth Interests Europe, So. Africa, as Incomes Rise
Dec 8 2014 // A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home....
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Vermont
Dec 5 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Vermont Department of Financial Regulation. Based upon its review of the most recently...
Alexander Forbes Swings to Profit After Capital Restructuring
Dec 2 2014 // Alexander Forbes Group Holdings Ltd., a South African financial services company, swung to a profit in the first half after changing its capital structures in preparation for its initial public offering in July. Net income...
Massachusetts AG Coakley Keeps Working Despite Narrow Election Loss
Dec 1 2014 // Massachusetts Attorney General Martha Coakley appears determined to wrap up her eight years as the state’s top law enforcement official on an active note. The Democrat is back to work after losing her second grueling...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Dec 1 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
Insurers’ Winter Storm Losses to Climb Due to Polar Vortex: I.I.I.
Nov 26 2014 // Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. The Insurance Information Institute says the polar vortex will be...
Risk and Insurance Experts Predict Thanksgiving NFL Winners, Losers
Nov 26 2014 // Ah, Thanksgiving. A time for family, good meals and joy – unless your team epically fails on national television, stirring your gut into an acidic cauldron of turkey, stuffing, cranberry sauce and mounting...
Connecticut Approves NCCI’s Workers’ Comp Loss Cost Decrease Filing
Nov 21 2014 // The Connecticut Insurance Department recently approved the National Council on Compensation Insurance’s (NCCI) workers’ compensation filing for an overall -0.6 percent change for pure premium loss costs and an...
Louisiana Court Rulings in Disability Case Go from Bad to Worse for Insurer
Nov 19 2014 // We’ve all had a bad day at the office, but some days are worse than others. It doesn’t get much worse than having a court — two courts in fact — tell you that not only is your position wrong, but it is so...
A Tough Day at the Office
Nov 17 2014 // Court Rulings in Disability Case Go from Bad to Worse We’ve all had a bad day at the office, but some days are worse than others. It doesn’t get much worse than having a court – two courts in fact – tell...
Top 50 Personal Lines Leaders
Nov 17 2014 // About the Personal Lines Leaders: The 2014 Personal Lines Leaders in this special feature are taken from Insurance Journal‘s Top 100 Property/Casualty Independent Agencies as reported in August. This list utilizes...
Hiscox Endorsement Covers Business Loss by Cyber Deception, Phishing
Nov 13 2014 // International specialist insurer Hiscox is now offering a Cyber Deception endorsement as part of its crime insurance that is aimed at protecting businesses against malicious efforts by criminals to trick employees into...
ACE Group Offers Tiered Loss Mitigation Services for Cyber
Nov 13 2014 // ACE Group is offering a new Loss Mitigation Services designed to help businesses reduce the possibility of cyber security attacks and data breaches from occurring, minimize potential losses, and prepare for possible...
Liberty Mutual Profit, Revenue Up in Q3
Nov 13 2014 // Liberty Mutual Holding Co. concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help strengthen its balance...
Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written
Nov 13 2014 // Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Nov 12 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
Berkshire Nearly Quadruples Insurance Profits; Boosts Premiums 50%
Nov 11 2014 // While investment losses pulled net income for Warren Buffett’s Berkshire-Hathaway down 8.6 percent to $3.6 billion in third-quarter 2014, a 40 percent jump in operating income for the group’s insurance and...
