Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Property/Casualty Insurance Professionals Nationwide Get New Revenue Stream and Client Retention Tool with ValueAppeal PRO® Property Tax Service
Jul 10 2012 // Seattle, WA, 07/10/12 – ValueAppeal, a pioneering online do-it-yourself property tax appeal service developed to help homeowners ensure that they are not overpaying their property taxes, today announced the launch of...
Corn Belt Fears Large Crop Loss from Heat Wave, Drought Conditions
Jul 9 2012 // Fears are rising that grain crops in the core of the U.S. Corn Belt – the top corn-producing region in the world – will suffer big losses that are already causing farmers to plow up fields in other regions of...
PERILS Updates Windstorm Andrea Loss Estimate to $422 Million
Jul 5 2012 // Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in January 2012. The updated property market loss estimate for Andrea is €337 million...
Agents Seek Diversified Role in Group Health/Benefits Arena
Jul 2 2012 // In recent years, a growing number of independent property/casualty agencies have begun offering group health/benefits services to their clients. In interviews with Insurance Journal, agency executives in the Northeast...
Dallas Hailstorm Loss Estimated at Nearly $1B
Jul 2 2012 // Insured losses from violent hailstorm in Dallas in mid-June should be just under $1 billion, a trade group for Texas insurers said. That amount is sharply less than what another industry trade group previously...
Colo. Ranchers Selling Off Cattle to Avoid Drought Loss
Jul 2 2012 // Ranchers in western Colorado are selling off cattle to avoid losing them to a severe drought. Livestock auctioneer Bill Martin of Loma says his auction barn usually sees between 200 and 400 cows a week, but this year the...
Drought Brings Back Memories of 1988 Crop Losses
Jun 29 2012 // Just one year ago Jeff Scates saw the worst flooding on his southern Illinois farmland since 1937. Today, Scates is watching his corn fields shrivel from the driest season in 24 years. “We’ve gone from one...
P/C Industry 2011 Loss Reserve Position Sufficient, but Challenged: Conning Research
Jun 27 2012 // The property/casualty industry appears to have sufficient reserves, but older reserves continue to develop adversely in 2011, according to analysis by Conning Research & Consulting. “Our view of the...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Chartis Introduces Loss Prevention Services for Private Client Group Yacht Clients
Jun 21 2012 // Chartis has introduced a suite of loss prevention services for yacht insurance clients within its U.S. Private Client Group. Claims experience on Private Client Group policies underwritten by Chartis insurers has shown...
Colo. Ranchers Selling Off Cattle To Avoid Drought Loss
Jun 20 2012 // Ranchers in western Colorado are selling off cattle to avoid losing them to a severe drought. Livestock auctioneer Bill Martin of Loma says his auction barn usually sees between 200 and 400 cows a week, but this year the...
Dallas Hailstorm Loss Estimate Drops Below $1 Billion
Jun 20 2012 // Insured losses from last week’s violent hailstorm in Dallas should be just under $1 billion, a trade group for Texas insurers said on Tuesday, sharply less than what another industry group estimated last week. The...
Dallas Hailstorm Insured Losses Could Reach $2 Billion
Jun 18 2012 // Inspecting hail damage. AP Photo/The Dallas Morning News, Nathan Hunsinger Insured losses from the massive hailstorm that struck the Dallas area on Wednesday could reach as much as $2 billion, making it one of the most...
PERILS Updates Loss Estimates from Windstorm Joachim
Jun 15 2012 // Swiss based insurance advisor PERILS has issued an updated loss report for windstorm Joachim, which occurred from December 15 to 17, 2011 in Western Europe. PERILS’ third property market loss announcement estimates...
Groups Decry Loss of Okla. Human Rights Commission
Jun 13 2012 // Several groups representing the interests of minorities in Oklahoma criticized the elimination of the Oklahoma Human Rights Commission and met on June 11 to form a new coalition to promote equality and end...
UK Insurers Face Floods Losses; May Raise Premiums
Jun 12 2012 // British insurers face big claims for flooding after the heavy rainfalls across the country this month, making it harder for them to hit profit targets and potentially forcing them to raise premium rates for consumers,...
Workers’ Comp Market Injured But Still Standing
Jun 8 2012 // Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the workers’ comp market were not worse either. The...
Aon Benfield May Cat Report Highlights Italian Quakes; $6 Billion Econ. Loss
Jun 8 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide...
Nasdaq Offers $40 Million to Cover Facebook IPO Losses
Jun 7 2012 // Nasdaq OMX Group Inc. said it will offer cash and rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc.’s initial public offering, an amount well short of the losses claimed...
Insurance Covers Some Of Loss Powell Hospital In Wyoming
Jun 4 2012 // An insurance payment of $205,000 will help compensate Powell Valley Healthcare for its loss due to the alleged embezzlement of nearly $850,000 by former chief executive officer. Current CEO Bill Patten told the Powell...
