Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
Contrary to the headlines, ID theft may be on the decline
Apr 9 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Small London company uses computer archive to help find stolen art
Apr 9 2007 // News Currents The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Top 10 data loss disasters in 2006
Apr 9 2007 // Data recovery experts worldwide from Minneapolis, Minn.-based Ontrack Data Recovery chimed in for a poll to name the top 10 remarkable data loss disasters in 2006. While the data disasters could have been catastrophic for...
Top 20 Banks in Insurance Brokerage Fee Income (2006/Nationally)
Apr 9 2007 // Rank 2006 Insurance Brokerage Fee Bank Income Name City, State Web site 1 $973.0 million Citibank N.A. Las Vegas, Nev. www.citibank.com 2 $799.4 million Branch Banking and Trust Co. Winston-Salem, N.C. www.bbt.com 3 $190.1...
SCOR Profits Soar to $338 Million
Apr 6 2007 // France’s SCOR Group announced a 92 percent increase in net income for 2006 to €252 million ($338 million) before, what the report termed, “badwill” linked to the acquisition of Revios. Essentially the...
New Mexico Insured Tornado Losses Estimated at $16.5 Million
Apr 6 2007 // Tornado and hail that tore across New Mexico in March has an estimated insurance price tage of $16.5 million, according to the Rocky Mountain Insurance Information Association. The association said insurance adjusters have...
Best Rates Lufthansa Captives ‘B++’
Apr 5 2007 // A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb” to Germany’s Delvag Luftfahrtversicherungs-AG, and its subsidiary, Delvag...
FBI to Launch Retail Theft, Loss Prevention Database
Apr 5 2007 // In response to Congressional legislation intended to combat the growing problem of organized retail theft, the FBI has worked with the National Retail Federation (NRF) and the Retail Industry Leader’s Association...
Safeco To Host Webcast on Q1 Results May 1
Apr 5 2007 // Seattle-based Safeco will be hosting a live Internet broadcast on Tuesday, May 11 at 11 a.m. EST to discuss its first quarter financial results. To listen in on the conference, visit www.safeco.com/irwebcast at the...
Alea Posts Earnings; Agrees to be Acquired by FIN Acquisition
Apr 4 2007 // Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the...
Nevada’s Employers Holdings Hosts Conference Call on Q4, 2006 Earnings
Mar 30 2007 // Reno, Nev.-based Employers Holdings Inc. has reported financial results for the full-year and fourth quarter of 2006. For 2006, consolidated 2006 net income increased 24.7 percent to $171.6 million from $137.6 million in...
Lloyd’s Posts Record Pre-tax Profit – Over $7 Billion
Mar 29 2007 // What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
Best Affirms NZ’s Tower Ratings
Mar 27 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb-” of New Zealand’s Tower Limited, as well as the financial strength rating of “A-” (Excellent) and the ICR of “a-”...
