Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Bottom Line: Allstate’s Aggressive Personal Lines Strategy Paying Off
Oct 17 2007 // When a series of killer hurricanes walloped the Gulf Coast in 2005, costing Allstate Corp. a record quarterly loss of $1.55 billion, the company tried to make sure its bottom line would never be hit so hard again. The...
Calif. DOI Partners with CAL FIRE To Prevent Fire Losses
Oct 16 2007 // California Insurance Commissioner Steve Poizner joined CAL FIRE Director Ruben Grijalva yesterday in signing a memorandum of understanding (MOU) to help prevent and mitigate fire losses in the Golden State. The state faces...
Total Bank Insurance Revenue Up in First Half of 2007
Oct 16 2007 // The nation’s bank holding companies increased their total insurance revenue 1.0 percent to $21.7 billion in the first half of 2007 from $21.4 billion during the same period in 2006. CitiGroup (NY), Wells Fargo &...
AIR Raises Typhoon Krosa Loss Estimates – $200 to $600 Million
Oct 12 2007 // AIR Worldwide’s preliminary estimates of insured losses caused by Typhoon Krosa originally assessed the damage in Taiwan (See IJ web site Oct. 11). However, the storm subsequently crossed the South China Sea, and has...
Mercury General to Share Q3 Results on Nov. 5
Oct 10 2007 // Los Angeles-based Mercury General Corp. will announce its results for the third quarter on Nov. 5, 2007, and will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time. Interested parties can...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Adding wind coverage to flood not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
The good, bad and the ugly on owner compensation
Oct 8 2007 // Let’s put all the cards on the table right now. The amount of money one makes is directly proportional to the perceived importance or success of the person taking the money home. Sure, we all know better and there...
Adding wind coverage to flood not the solution …
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Adding wind peril coverage is not the solution
Oct 8 2007 // The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular,...
The good, bad and the ugly on owner compensation
Oct 8 2007 // Let’s put all the cards on the table right now. The amount of money one makes is directly proportional to the perceived importance or success of the person taking the money home. Sure, we all know better and there...
S.C. Regulator: Probable Maximum Loss Predictability Formula on Horizon
Oct 5 2007 // A pre-established formulaic predictability model would virtually solve the issue of indeterminable loss cause that was so wide-spread in the aftermath of Hurricane Katrina, according to South Carolina’s Insurance...
Loss of State Workers Comp. Contract Prompts Layoffs in W. Va.
Oct 2 2007 // A company that manages old workers’ compensation claims for West Virginia is laying off 62 employees after it lost the contract to another company. Cambridge Integrated Services Group Inc. announced the layoffs...
Insurance Commissioner Group’s 2008 Budget Anticipates Revenue Growth
Oct 2 2007 // The National Association of Insurance Commissioners has begun setting its 2008 budget. The group will have more money to work with than it did in 2007. The 2008 budget proposes revenues and expenses of $68.2 million and...
Mo. Governor: 2006 Med Mal Report Shows Positive Results
Oct 2 2007 // The medical malpractice insurance market has stabilized following escalating medical malpractice costs that caused a downturn in the market from 1999 – 2003, according to the 2006 Medical Malpractice Report recently...
Actuaries Oppose Wind Addition to National Flood Insurance
Sep 28 2007 // The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of...
