Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports
Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...
Fitch: P/C Insurers’ Performance Exceeding Estimates for ’06
Sep 6 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on first-half results and barring any unusual events going forward, the...
Mass. Board Sets Lower Income Residents’ Health Insurance Fee
Sep 5 2006 // Lower income single adults will pay between $18 and $106 a month for health care under a plan approved by the board drafting regulations for the state’s new health care law. The Commonwealth Health Insurance...
Kentucky Workers Comp Loss Costs Down 9.3%
Sep 5 2006 // The latest industry loss cost filing approved for Kentucky workers compensation shows an average reduction of 9.3 percent for the 564 industrial classes. These classes include manufacturing, office and clerical,...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Putting the brakes on paratransit operator losses
Sep 4 2006 // Today, paratransit operators are having difficulty with their financial bottom line. Increases in fuels costs and insurance premiums are high on the list of causes. Reductions in rates paid by transportation management...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Beazley Posts $54 Million 1H Profit
Aug 31 2006 // The U.K.-based Beazley Group plc posted slightly lower pre-tax profits for the six months ended 30 June 2006 of £28.3 million ($54 million), compared to £35.2 million ($67 million) for the same period of 2005. However,...
SCOR H1 Profit up 42% to $131 Million
Aug 31 2006 // France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other...
The Hanover Partners With LoJack to Curb Construction Equipment Losses
Aug 30 2006 // The soaring resale value of construction equipment has resulted in an increasing number of thefts, putting business owners at risk more and more. With that in mind, The Hanover Insurance Group, Inc. has entered into a...
IAG Fiscal ’06 Profit Off 13% to $655 Million
Aug 25 2006 // Insurance Australia Group Limited has released its earnings figures for the fiscal year 2006, which ended June 30. Overall profit for the year was A$862 million (US$655 million) compared to A$928 million (US$705 million)...
Trial Attorneys Claim Insurers Putting Profits Over People in Katrina’s Wake
Aug 22 2006 // One year after Hurricane Katrina swept across the Gulf Coast, the Academy of Florida Trial Lawyers (AFTL) and the Association of Trial Lawyers of America (ATLA) are launching a national petition drive calling on insurance...
Par for the course: golf club premiums
Aug 21 2006 // Golf and country clubs are complex risks that make it difficult for agents and brokers to know how premium dollars should be allocated. That task is even more difficult because each club is different. Private clubs are...
Brokers experience ‘exceptional’ second quarter; vigorous M&A activity
Aug 21 2006 // Stock Price Activity: Exceptional 2006 second quarter earnings reports had a positive impact on broker stock prices in July. Companies such as Brown & Brown (NYSE:BRO), Arthur J. Gallagher & Co. (NYSE:AJG), and...
Brokers experience ‘exceptional’ second quarter; vigorous M&A activity
Aug 21 2006 // Stock Price Activity: Exceptional 2006 second quarter earnings reports had a positive impact on broker stock prices in July. Companies such as Brown & Brown (NYSE:BRO), Arthur J. Gallagher & Co. (NYSE:AJG), and...
Par for the course: golf club premiums
Aug 21 2006 // Golf and country clubs are complex risks that make it difficult for agents and brokers to know how premium dollars should be allocated. That task is even more difficult because each club is different. Private clubs are...
Zurich 1H Net up 9% to $1.957 Billion
Aug 17 2006 // Zurich Financial Services Group turned in a strong operating performance in all business segments for the first half of 2006, posting net income of $1.957 billion, a 9 percent rise, and business operating profit of $2.847...
QBE 1H Operating Profit up 20% to $452 Million
Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...
Florida’s $250 Million Property Loss Mitigation Program Begins
Aug 15 2006 // Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial...
Calif. Blue Cross Spent 78.9 Percent of Premium on Patients In 2004-05
Aug 15 2006 // For the fifth year running, Blue Cross of California has spent less than 80 percent of premium dollars on patient care, according to a report released by the California Medical Association. Blue Cross, the state’s...
