Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Insurance Execs Not Confident of Underwriting Profit Over Next 3 Years
Sep 23 2009 // Insurance executives see their companies performing above general market expectations in 2010, but their outlook on the industry’s ability to generate underwriting profit in the next one to three years remains...
Losses in Georgia from Floods at $250 Million; Most Uninsured
Sep 23 2009 // Flooding across north Georgia over the past few days has caused an estimated $250 million in losses, as much as 80 percent of that likely uninsured, according to state Insurance Commissioner John W. Oxendine. Oxendine said...
Missouri: Medical Malpractice Insurers Profitable 5 Years in a Row
Sep 21 2009 // Insurance companies providing medical malpractice coverage in Missouri were profitable in 2008. It was the fifth consecutive year for positive earnings in that line of insurance, according to Missouri Department of...
Potential Hurricane Insurance Losses Added to Florida’s Long-Range Deficit Projections
Sep 17 2009 // A House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook. The new changes could dwarf potential...
Text: Sen. Baucus Introduces to Senate Financial Committee Health Bill
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future...
Text: Senate Finance Committee’s America’s Healthy Future Act of 2009
Sep 16 2009 // Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE...
Swiss Re Cites Report on Developing Countries Climate Change Costs
Sep 15 2009 // A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most...
Missouri: Medical Malpractice Insurers Profitable for 5th Year in a Row
Sep 8 2009 // Insurance companies providing medical malpractice coverage in Missouri returned a profit in 2008, marking the fifth consecutive year of positive earnings, Missouri Department of Insurance says. The department said its...
Oregon Says Workers’ Comp Must Pay for Weight Loss Surgery
Sep 7 2009 // Weight-loss surgery can be covered in Oregon by workers’ compensation provided it is needed to treat a job-related injury. The Oregon Supreme Court ruled that SAIF Corp., the state chartered agency, must pay for...
Buyer and Agent Beware
Sep 7 2009 // BOP’s Changes for the Better or Worse? Just when I really think I understand a coverage I am blind-sided by the reality of what is actually happening in the insurance industry. I remember the good old days when a...
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...
