Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Best Affirms Allstate and Subsidiaries ‘A+’ Ratings; Outlook Stable
Dec 16 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Allstate Insurance Group and its members. Best also affirmed the ICR of...
PartnerRe Ups New Zealand Quake Loss Estimates to $140-$160 Million
Dec 15 2010 // Bermuda-based PartnerRe Ltd. Has updated its loss estimate relating to the September 3, 2010 New Zealand earthquake. The Company said it “now expects its loss estimate for the New Zealand Earthquake to be in the...
IronHealth Releases Loss Portfolio Transfer for Medical Liability Sector
Dec 14 2010 // IronHealth, the specialty healthcare unit of Ironshore Inc., has developed the Loss Portfolio Transfer Plus Program to meet the needs of captive insurance entities and other alternative self-insurance vehicles in the...
Petersen International Develops Company Protection for Catastrophic Loss
Dec 9 2010 // Petersen International Underwriters has launched a new type of insurance known as Corporate Accumulation Death and Disability Insurance. This insurance protects firms that may have a sizeable accumulation of employees or...
Texas Supreme Court Declines to Review Workers’ Comp Stop-Loss Case
Dec 6 2010 // The Texas Supreme Court has put an end to a case involving the amount some hospitals marked up workers’ compensation-related bills under rules in effect until 2008, Texas Mutual Insurance Co. announced. In June 2010,...
Feds Erred in Loss Ratio Decision
Dec 5 2010 // Congress May Need to Intervene After months of discussions, the interim final rule on Medical Loss Ratios (MLRs) released by the U.S. Department of Health and Human Services (HHS) was a huge disappointment. The rule...
Talk About the Weather
Dec 5 2010 // Floods, Windstorms, Droughts, Heat Waves and Wildfires There was a time in the not-so-distant past when events such as these would have been considered somewhat unusual in Europe. But these days, extreme weather events are...
Why Top Performing Agencies Focus on Compensation Expenses
Dec 5 2010 // Performance Benchmarks Help Agencies Measure Success There are a lot of performance benchmarks to focus on to become a top performing insurance agency and to achieve high profitability. One of the areas agencies need to...
Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable
Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...
Canada Revenue Agency Confirms Barbados Insurers Exempt Status
Nov 29 2010 // The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of...
Best Affirms Fremont’s ‘A-‘ Ratings
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Fremont Insurance Company, as well as the ICR of “bbb-” of its...
Moody’s: P/C Insurers’ Losses Under Municipal Bonds Manageable
Nov 22 2010 // U.S. property/casualty insurers are not likely to sustain substantial losses on municipal bonds, Moody’s Investors Service says in a new report. While muni bonds make up a high 27 percent of P/C insurers’...
Health Insurance Brokers May Ask Congress to Protect Commissions
Nov 22 2010 // As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress...
Health Insurers Win Some Breaks with Medical Loss Ratio Rule
Nov 22 2010 // New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector. Although the limits are mandated...
Nationwide Insurance Reports Net Income of $975M
Nov 16 2010 // Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009....
Hallmark Financial Reports Rise in Revenues, Drop in Earnings
Nov 15 2010 // Fort Worth, Texas-based Hallmark Financial Services Inc. has reported third quarter 2010 net earnings of $1.0 million compared to $4.2 million reported for the third quarter of 2009. Year to date, Hallmark reported net...
Growth, Stability and Changes in Store for Long Term Care Market
Nov 14 2010 // With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require...
3 Ways to Boost P/C Agency Revenues with Life Insurance Sales
Nov 14 2010 // When I was a regional advisor for a multiline insurance company we were always looking for ways to help agents build more profitable agencies. The most successful agents invariably had a system to promote life insurance...
Why Cash Flow Outweighs Profits in a Tough Economy
Nov 14 2010 // Simple Steps to Improve Agency Cash Flow Cash flow today is probably more critical to small businesses than anytime in 20 or maybe even 40 years. This is especially true for agencies. I have seen many articles written...
Insurance and Going Green
Nov 14 2010 // What to Know About Green Commercial Building Insurance Read the news lately and it feels like everything – from cars to grocery bags – has gone green. While recent events, such as 2009’s Copenhagen Climate Change...
