Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions
Oct 25 2010 // Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring...
Mercury General to Report Q3 Results on Nov. 1
Oct 25 2010 // Los Angeles-based Mercury General Corp. announced that on Monday, Nov. 1, 2010, the company will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Web cast...
Chubb Weathers Catastrophe Losses, Reports Q3 Profit
Oct 22 2010 // The Chubb Corp. reported that net income in the third quarter of 2010 was $572 million, compared to $596 million in the third quarter of 2009 Operating income was $537 million in the third quarter of 2010 compared to $552...
Kansas DOI Estimates $220M in Storm Losses as of Aug. 31
Oct 22 2010 // Estimated 2010 storm losses in Kansas climbed to $220 million as of the end of August, according to the Kansas Department of Insurance. There were approximately 59,400 storm claims filed during that period. The highest...
Industry Worries As Regulators Decide on Critical Loss Ratio
Oct 21 2010 // A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other...
Travelers Reports Increase in Net Income, Drop in Operating Income for Q3
Oct 21 2010 // The Travelers Companies Inc. has reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended Sept. 30, 2010, compared to $935 million, or $1.65 per diluted share, for the same quarter in...
AIR Estimates Philippines Typhoon Insured Losses under $150 Million
Oct 19 2010 // Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in the Philippines from Super Typhoon Megi will likely be less than 6.5 billion Philippine pesos ($150 million. AIR said its...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
Colorado Raising Workers’ Comp Insurance Loss Costs 3.4%
Oct 18 2010 // Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums they pay for workers compensation insurance in 2011, the state...
The Power of More
Oct 18 2010 // Why the Time is Right for Agency Networks They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for...
Loss of Insurance Job Cited in California School Shooting Case
Oct 15 2010 // The man suspected of opening fire at a Carlsbad elementary school, wounding two girls, had a minor brush with the law in 2002 in Illinois when he pleaded guilty to misdemeanor telephone harassment, the San Diego...
Mercury General to Report Q3 Results on November 1
Oct 7 2010 // Los Angeles-based Mercury General Corp. has reported that on Monday, Nov. 1, 2010, it will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Webcast that same...
Florida Medical Malpractice Insurance Market Found in Good Health
Oct 6 2010 // Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news...
A Wealth of Risks: Serving High Income Clientele
Oct 5 2010 // For insurance agents, there is a lesson to be learned from Hulk Hogan — particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing...
Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009
Oct 4 2010 // Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25...
U.S., AIG Exit Plan Faster, Riskier, Perhaps Profitable for Taxpayers
Sep 30 2010 // American International Group Inc. laid out a plan Thursday that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government. The plan, which comes a little...
K&K to Provide Non-Profit Directors, Officers’ Program Through New Site
Sep 29 2010 // K&K Insurance has launched a new website offering directors’ and officers’ (D&O) coverage for not-for-profit organizations. The website offers online quoting and binding capabilities and provides an...
Lloyd’s CFO Comments on Lower Profits, Investments, Russia Office
Sep 29 2010 // As Lloyd’s published its first half results, Luke Savage, the chief financial officer, had a busy day on Tuesday. But he spoke briefly with Insurance Journal on some of the issues the report on the first half...
Axis Loss Adjusters Expands Latin American, Caribbean Team
Sep 28 2010 // Axis International Loss Adjusters and Surveyors has announced the appointment of Nicolas Lazarus as a Senior Insurance and Reinsurance Loss Adjuster. He “will provide adjusting services to local insurers,...
Lloyd’s Reports First Six Months Profit of $992 Million
Sep 28 2010 // Lloyd’s of London reported its interim (6 months to June 30) results today, which could best be described as mixed. Although Lloyd’s posted an overall pretax profit of £628 million [$922 million], this...
