Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Understanding D&O risks, exposures and insurance options
Nov 20 2006 // What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 20 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
IIABA president: contingency commission crisis threatens agents
Nov 20 2006 // For a small- to mid-sized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry. That explains why Alex Soto, a Miami agent who is also...
Improving efficiency and valuation through automation and outsourcing
Nov 20 2006 // Revenue growth, the quality of a book of business, the caliber of producers, strategic drivers and the overall level of client service — these are the typical considerations that affect an agency’s...
Understanding D&O risks, exposures and insurance options
Nov 19 2006 // What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 19 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
IIABA president: contingency commission crisis threatens agents
Nov 19 2006 // For a small- to mid-sized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry. That explains why Alex Soto, a Miami agent who is also...
Improving efficiency and valuation through automation and outsourcing
Nov 19 2006 // Revenue growth, the quality of a book of business, the caliber of producers, strategic drivers and the overall level of client service — these are the typical considerations that affect an agency’s...
Zurich Reports ‘Excellent’ 9-Months
Nov 16 2006 // Zurich Financial Services Group reported continued strong operating performances in all business segments, which “generated a record business operating profit and net income for the nine months to September 30,...
Hannover Re Posts $486 Million Half-Year Net Income
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
Munich Re Tells UNEP Conference $1 Trillion Loss Year Possible
Nov 15 2006 // Dr. Thomas Loster, a geographer who advises the Munich Re Foundation, told those attending the current United Nations Environment Program (UNEP) Conference in Nairobi that, “Most insurance and re-insurance companies...
Max Re Posts $26.5 Million Q3 Net Income; Names Becker Chairman, CEO
Nov 14 2006 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended September 30, 2006 of $26.5 million, or $0.42 per diluted share, compared to a net loss of $44.2 million, or $0.96 per diluted share, for the...
ISO Chief: It’s ‘Haves’ Vs. ‘Have-Nots’ in Insurance Technology Race for Survival
Nov 14 2006 // Spurred by intensifying competition, breakthroughs in analytics are transforming insurance markets, according to an industry leader. Sophisticated insurers able to harness large volumes of high-quality data to drive...
AIG More Than Doubles 3Q Earnings
Nov 10 2006 // Profits at American International Group, Inc. (AIG) more than doubled in the third quarter, thanks in part to a calmer than expected hurricane season. AIG reported net income for the third quarter of 2006 was $4.22 billion...
AWAC Reports $114 Million Q3 Net Income; $314.5 Million for 9 Months; Conference Call Details
Nov 9 2006 // Bermuda-based Allied World Assurance Company Holdings (AWAC) reported net income of $114 million, or $1.89 per diluted share, for the third quarter 2006 compared to a net loss of $283.4 million, or $5.65 per diluted share,...
PXRE Posts $4.5 Million Q3 Profit; Conference Call Scheduled Today
Nov 9 2006 // The Bermuda-based PXRE Group Ltd. reported net income before convertible preferred share dividends of $4.5 million compared to a net loss before convertible preferred share dividends of $317.3 million in the third quarter...
Texas National Western Life Announces 3rd Quarter Earnings
Nov 7 2006 // Ross R. Moody, president of National Western Life Insurance Company, recently announced third quarter 2006 consolidated net earnings of $15.4 million, or $4.22 per diluted share, compared with consolidated net earnings of...
Ohio National Interstate Reports 3rd Quarter Earnings, Dividends
Nov 7 2006 // National Interstate Corporation today reported net income for the third quarter ended Sept. 30, 2006 of $6.5 million ($0.34 per share diluted), compared to $8.2 million ($0.43 per share diluted) for the third quarter of...
A multi-billion loss in corporate equity with the stroke of a pen?
Nov 6 2006 // Major earthquakes, category 5 hurricanes and terrorist attacks strike in an unpredictable manner. A fortune teller who could predict when the next of any of these events will occur would be hailed as the next Nostradamus....
A multi-billion loss in corporate equity with the stroke of a pen?
Nov 6 2006 // Major earthquakes, category 5 hurricanes and terrorist attacks strike in an unpredictable manner. A fortune teller who could predict when the next of any of these events will occur would be hailed as the next Nostradamus....
