Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
It’s Not Easy Being Green; But It’s Profitable
Apr 21 2009 // Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green...
101 Things Young Agents Like MOST
Apr 20 2009 // The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 692 agents who took the survey had...
Frequency Down but Severity Still a Problem for Medical Liability Insurers
Apr 20 2009 // Like just about any company anywhere on earth, medical liability insurers lost money on their equity investments in 2008 due to the meltdown in the U.S. and worldwide economies in the latter half of the year. However, for...
P/C Insurers Profitable in 2008 Despite Big Hits From Catastrophes, Financial Crisis
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
8 Ways to Improve Your Sales Timing and Your Income
Apr 20 2009 // Timing is everything in life and in insurance sales. Talk to a new prospect or an existing insured on the right day when both of you are in the right mood and the odds are good that you will walk away with a check. The...
Insured Losses From Oklahoma Fires Estimated at $20M
Apr 16 2009 // Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge”...
Insured Losses from Georgia’s April 10 Storms Estimated at $60 Million
Apr 15 2009 // Violent weather that struck Georgia on April 10 caused an estimated $60 million in insured losses, according to Insurance and Safety Fire Commissioner John W. Oxendine. “That’s a preliminary figure from the...
State Farm Expects $10M-plus Loss From Oklahoma Fires
Apr 15 2009 // Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires. State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000...
Mercury General To Report Q1 Results on May 4
Apr 14 2009 // Mercury General Corp. on Monday, May 4, 2009, will release results for its first quarter ended March 31, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time to review...
P/C Insurers Profitable in 2008; Take Hit From Catastrophes, Financial Crisis
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Hartford’s CEO Paid $4.5 Million, Despite Large Losses
Apr 6 2009 // Hartford Financial Services Group said on Friday that it has awarded Chief Executive Ramani Ayer $4.5 million for his 2008 compensation, in the face of a $2.75 billion net loss. The company also disclosed that it paid a...
What is Your Agency Worth?
Apr 6 2009 // Insurance agencies are like snowflakes, no two are alike. Most of the calls from prospective insurance agency sellers start with, “What are agencies selling for these days?” or, “What kind of multiple can...
Measurement of Success
Apr 6 2009 // Planning, People and Dedication Equal Success for Top 100 Agency Bollinger Insurance Top 100 Agency Profile Ranking No.: 14 Agency Name: Bollinger Insurance Inc. Headquarters: Short Hills, N.J. Year Founded:...
Central Texas Hail Storm Racks up $160M in Losses
Mar 30 2009 // Many Central Texans are still cleaning up from a large hail storm on last week that knocked out windows, smashed roofs and dented thousands of automobiles causing an estimated $160 million in insured losses. The storm...
GAINSCO Reports Net Loss for 2008
Mar 27 2009 // Dallas-based insurer, Gainsco Inc., announced net losses for the fourth quarter and the year for 2008, but the losses are less than those the company reported in 2007. The company said its net loss for the fourth quarter...
Sen. Nelson Seeks U.S.Help on Florida Hurricane Losses
Mar 25 2009 // U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, however,...
Lloyd’s Posts $2.78 Billion 2008 Profit
Mar 24 2009 // Lloyd’s announced an overall profit for 2008 of £1.899 billion ($2.78 billion), a 50 percent drop from the £3.846 billion ($5.64 billion) it posted in 2007, but given current economic conditions, a...
Texas Homeowners’ Combined Loss & Expense Ratio Estimated at 165.0
Mar 24 2009 // The Texas Department of Insurance released the “Texas Homeowners Insurance Loss Data 1992-2008” report, which shows an estimated incurred loss ratio for 2008 at a record high of 127.0, and a combined loss and...
Economy Affects Oregon Workers’ Compensation Division Revenue
Mar 24 2009 // Like most businesses and organizations in Oregon, the Department of Consumer and Business Services (DCBS) announced it is being impacted by the economic recession. Because DCBS programs are funded by fees and assessments...
How Much is Your Agency Worth?
Mar 23 2009 // Most of the calls from prospective insurance agency sellers start with, “What are agencies selling for these days?” or “What kind of multiple can I expect if I sell my agency?” Insurance agencies...
