Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Missouri Mortgage Insurers Suffer Large Losses
Sep 4 2009 // Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. The state insurance department says mortgage guaranty insurers had net losses in 2008...
Coastal Home Owners Face Huge Losses from Rising Seas
Sep 3 2009 // Australians Lesley and Doug McGrath have for decades battled ocean swells that have eaten away at the backyard of their multi-million dollar Sydney home. They bought an old beach shack on Collaroy Beach in 1976 and...
Tennessee Rejects Recovery If Product Defect Causes Economic Loss Only
Aug 31 2009 // The Tennessee Supreme Court has ruled that the state does not recognize an exception to the economic loss doctrine that generally bars damages if a product defect causes only economic loss and not any personal or...
Oregon Says Workers’ Comp Must Pay for Weight Loss
Aug 28 2009 // Weight-loss surgery can be covered by state workers’ compensation insurance, provided it is needed to treat a job-related injury, according to an Oregon court. The Oregon Supreme Court ruled Thursday that SAIF Corp.,...
Four Commercial Auto Endorsements Every Insured Should Consider
Aug 18 2009 // Insurance Services Office (ISO) lists more than 100 endorsements available for use with the business auto policy (BAP) (the total number varies by state). Out of that heap of policy-altering endorsements, most designed to...
Training Service Staff to Help Boost Agency Revenue
Aug 17 2009 // Refocus CSRs to Roles Where They Fully Engage Customers Thanks to automation advances, insurance agency tasks that took hours can be done in a matter of minutes. Multiple data entry and one-by-one Web site visits have been...
Gainsco Reports Income Increase in Q2 2009 Results
Aug 14 2009 // Dallas-based Gainsco Inc. announced net income for the second quarter 2009 increased to $1.6 million, compared with a second quarter 2008 net income of $1 million. Net income for the six months ended June 30, 2009 was $3.7...
Three Commercial Property Endorsements Every Client Should Have
Aug 13 2009 // Several weeks ago, MyNewMarkets.com posted a two-part series regarding coverage gaps and selling to those gaps. “Gaps That Sell” and “Three Homeowners’ Policy Gaps that Sell” detailed the...
The Hartford to Return $48 Million in Florida Workers’ Comp Profits
Aug 12 2009 // Florida officials said that Hartford Financial Services Group will issue refunds or credits totaling $48.2 million to Florida businesses for excess profits the insurer earned on policies written from 2004 through 2006. The...
Oregon Bill Gives Consumers Leverage to Negotiate Vehicle Value During Loss
Aug 10 2009 // Oregon consumers who total their vehicle will have more information and more leverage as they negotiate their vehicle’s value with insurers, beginning Jan. 1, 2010, according to the state Department of Consumer and...
Colorado To Hold Workers’ Compensation Loss Cost Hearing
Aug 7 2009 // Colorado’s Division of Insurance announced it will be holding a public hearing on Sept. 17, 2009, to discuss the workers compensation loss cost filing submitted by the National Council on Compensation Insurance. NCCI...
Employers Holdings Posts Q2 Net Income of $20.3 Million
Aug 7 2009 // Reno, Nev.-based Employers Holdings Inc. reported second quarter net income of $20.3 million compared with $27.4 million in the second quarter of 2008, a decrease of $7 million. Net income includes amortization of the...
AIG Posts First Profit Since 2007
Aug 7 2009 // American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG, which received $180...
Allianz P/C Profit Down, Combined Ratio Up for Q2
Aug 7 2009 // Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter. Net profit at...
Amerisafe Earnings Rise
Aug 7 2009 // DeRidder, La.-based Amerisafe Inc., which provides workers’ compensation insurance for hazardous jobs, announced that its second-quarter earnings rose slightly and handily beat analysts’ forecasts. For the...
Berkshire’s Q1 Results May Show Buffett’s Regained His Touch
Aug 6 2009 // For one quarter at least, Warren Buffett may look like the Oracle of Omaha again. Berkshire Hathaway Inc., Buffett’s insurance and investment company, may end six straight quarters of lower net earnings, including...
New Earthquake Risk Models Likely To Reduce Insured Loss Estimates
Aug 6 2009 // Newark, Calif.-based Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead...
Insurance Broker Marsh Revenues Fell 7% in Q2 But Profit Rose
Aug 5 2009 // Marsh & McLennan Companies Inc. posted a second quarter net loss of $193 million, attributable to the declining value of its security consulting business and private equity investments. Last year for the same quarter...
Improved Profitability Forecast for Marsh, Guy Carpenter
Aug 5 2009 // Marsh & McLennan Cos. Inc. , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3...
Swiss Re’s Q2 Net Loss Surprises Analysts But P/C Insurance Profitable
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss...
