Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Validus Holdings Reports Net Income of $481.3 Million for 2014
Jan 30 2015 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014, compared to $95.3 million, or $0.93 per...
ACE Reports $827 Million Q4 Operating Income; $3.3 Billion Full-Year
Jan 29 2015 // ACE Limited reported Q4 operating Income of $827 Million and record full-year Earnings of $3.3 Billion, up 4.7 percent per share. Net income for the fourth quarter ended December 31, 2014, was $1.66 per share, compared...
Delaware OKs Decreases in WC Voluntary Loss Cost, Residual Market Rate
Jan 28 2015 // Delaware Insurance Commissioner Karen Weldin Stewart today announced the approval of the Delaware Compensation Rating Bureau’s (DCRB) workers’ compensation amended rate filing, resulting in overall average...
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises
Jan 22 2015 // The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
AIR’s ‘Global Exceedance Probability Curve’ Report Shows Industry Loss Metrics
Jan 15 2015 // Catastrophe modeling firm AIR Worldwide estimated that the 1 percent exceedance probability loss (or the 100-year return period loss) is approximately $231.5 billion and the long-term average annual loss from natural...
Michigan-Based Amerisure Insurance Promotes Loss Control Executives
Jan 13 2015 // Amerisure Mutual Insurance Co. based in Farmington Hills, Mich., has promoted Jim Flynn to assistant vice president of loss control and Anne Marie May to regional vice president of loss control. Both Flynn and May report...
Lowest Insured Losses since 2009: Impact Forecasting Climate and Cat Report
Jan 13 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its Annual Global Climate and Catastrophe Report, which evaluates the impact of the natural disaster events that occurred worldwide...
Higginbotham Adds Stick in Dallas as Sr. Loss Control Consultant
Jan 12 2015 // Higginbotham has hired Steven Stick as senior loss control consultant in the independent insurance, risk management and financial services firm’s Dallas office. Higginbotham’s control department serves...
Insurance as a Form of Capital
Jan 12 2015 // Your building is on fire!” Terrible words to hear late at night — or anytime for that matter. Without warning, a portion of your invested capital can disappear in a matter of minutes. Both private and public...
Munich Re’s 2014 Nat Cat Review Highlights Low Loss Levels
Jan 7 2015 // Munich Re’s review of losses caused by natural catastrophes in 2014 confirms that it was indeed another benign year for the re/insurance industry. “The absence of very severe catastrophes and a quiet hurricane...
Buffett’s Favoring Takeovers Over Stocks Paying Off
Jan 5 2015 // Warren Buffett said last year that Berkshire Hathaway Inc.’s future will be about buying big businesses and expanding them over time. As he celebrates his golden anniversary running the company, investors are...
PERILS Posts Final $513.5 Million Loss Estimate on 2013 Windstorm Dirk
Dec 23 2014 // PERILS AG announced that its “fourth and final” loss estimate for windstorm Dirk, which affected the UK and France from 23 to 25 December 2013, is €420 million [$513.5 million] for the property insurance...
PCRB Proposes 5.99% Average Workers’ Comp Loss Cost Decrease in Penn.
Dec 19 2014 // The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2015. PCRB said in its Circular No. 1636 on Dec. 15...
IICF Midwest Awards $545K in Grants to Local Non-Profits
Dec 17 2014 // The Insurance Industry Charitable Foundation’s (IICF) Midwest Division announced it is awarding $545,000 in community grants to local non-profit organizations in Illinois, Michigan, Nebraska, Ohio and Wisconsin for...
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....
