Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Wright Specialty Promotes Beer to President, Profit Center Leader in N.Y.
Sep 10 2014 // Wright Specialty Insurance in Uniondale, New York, has promoted Kevin C. Beer to president and profit center leader from senior vice president of underwriting. Wright Specialty is a managing general underwriter and program...
U.S. Economic Losses Due to Napa Quake, August Floods Top $4 Billion: Aon
Sep 8 2014 // As far as natural perils go, August was mostly about earthquakes, along with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield’s Impact Forecasting in its latest...
Kentucky Approves Lower Workers’ Comp Loss Costs
Sep 8 2014 // In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark said that the Department...
Though Productive and More Educated, Ohio Workers Earning Less
Sep 5 2014 // Ohio workers are more productive and better educated these days, yet they aren’t necessarily making more money as a result, according to a new report. Ohio productivity grew by nearly 67 percent between 1979 and...
Workers’ Comp Loss Costs Declining Again in Oklahoma
Sep 3 2014 // For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has...
Insured Losses From the Napa Quake Pegged at $250M or Less
Sep 3 2014 // Insured losses from the Aug. 24 earthquake that struck Napa, Calif. will not exceed $250 million, according to a risk management firm. Widespread damage was expected from the 6.0 magnitude event, but there wasn’t...
3 Reasons Congress Should Renew TRIA
Sep 3 2014 // U.S. insurance markets, like the rest of the nation, were caught off guard by the Sept.11, 2001 terrorist attacks. Loss of life and property led to an estimated $32.5 billion dollars in insured losses – $43 billion in...
Baloise of Switzerland Profit Jumps on Life Insurance Sales
Aug 28 2014 // Baloise Holding AG, Switzerland’s third-biggest insurer, said first-half profit jumped 43 percent, boosted by earnings from life insurance. The shares rose on expectations for a higher dividend. Net income increased...
Small Commercial Lines: The Good, The Bad, The Ugly
Aug 27 2014 // Small commercial lines is suddenly the Cinderella of the insurance industry. Previously the unwanted step child turned beauty queen being courted, pursued, and being offered dowries for marriage. Dowries and marriage are...
Kentucky Workers’ Comp Loss Costs to Decrease Overall for 9th Straight Year
Aug 27 2014 // In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will show an overall decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark...
Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion
Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...
Premium for Most Expensive Car Close to Income for Typical American Family
Aug 21 2014 // A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City,...
Wearable Device for Weight Loss Or Unbearable Loss of Privacy?
Aug 21 2014 // To fight rising medical costs, oil company BP Plc last year offered Cory Slagle — a 260-pound former football lineman — an unusual way to trim $1,200 from his annual insurance bill. One option was to wear a...
IAG Posts US$1.467 Billion 2014 Fiscal Year Operating Profit
Aug 20 2014 // Insurance Australia Group Limited (IAG) announced a strong operating performance for the financial year ended June 30, 2014 (FY14), posting an insurance profit of A$1.579 billion [US$1.467 billion] for the year, up 10.6...
Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income
Aug 20 2014 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit grew 19 percent as premium income climbed and banking revenue increased. Net income rose to 21.4 billion yuan ($3.5 billion), or a...
QBE to Sell $750 Million in Shares, Some Assets as Profit Drops
Aug 19 2014 // QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders’ mortgage insurance business in Australia after reporting an 18 percent drop in...
NCCI Proposes Workers’ Comp Loss Costs Decrease in N.H.
Aug 18 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said that based upon its review of the most recently...
Amlin First-Half Profit Drops as Catastrophe Losses Widen
Aug 18 2014 // Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to £148.5...
ABIR Members Report 99% Insurance Contract Certainty Results
Aug 14 2014 // The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty rate for insurance contracts at 99.0 percent. The year end 2013 results also showed a...
Talanx Quarterly Profit Falls 19% on Lower Investment Income
Aug 14 2014 // Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year...
