Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Jul 24 2006 // Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to...
Allstate Beats Wall Street Projections, Ups 2d Quarter Profit 5%
Jul 21 2006 // Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and...
Minn. UnitedHealth Says 2nd Quarter Profits Rose by 26.5 Percent
Jul 21 2006 // UnitedHealth Group Inc., America’s second-largest health insurer, said its quarterly profits grew 26.5 percent, as the company benefited from the acquisition of PacifiCare Health Systems and growth across its other...
Same-Sex Couple Cites Loss of Consortium in Conn. Med-Mal Suit
Jul 19 2006 // A same-sex couple has filed a medical malpractice lawsuit that their attorneys say is the first of its kind since Connecticut started allowing gay couples to enter into civil unions. Margaret Mueller and Charlotte Stacey...
Mercury General to Report Second Quarter Results on August 7
Jul 19 2006 // Los Angeles-based Mercury General Corp. reported that on Monday, Aug. 7, 2006, the Company will release results for its second quarter ended June 30, 2006. The company also announced that CEO George Joseph and President...
Mo. Department Revises Workers’ Comp Loss Costs for 2003-2005
Jul 6 2006 // The Missouri Department of Insurance has directed the National Council on Compensation Insurance (NCCI) to revise loss costs for years 2003-2005. According to the statement issued by the Department, historical payrolls...
California Workers’ Compensation Loss Ratios Down Significantly
Jul 6 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006. According to the report, workers’ comp reforms...
Tudor Enhances Non-Profit Policy
Jul 5 2006 // Tudor Insurance Company has introduced an enhanced version of its non-profit organization liability policy. A separate limit of liability will now be available for employment practices liability claims (generally available...
Safeco to Host Webcast to Discuss Second-Quarter Financial Results
Jul 5 2006 // Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss second-quarter financial results. The conference call will be held at 10 a.m., EST on Wednesday, Aug. 2,...
Aim for the Bull’s Eye: Focus on Market Characteristics Improves Programs
Jul 4 2006 // The value of specialization and target marketing in improved insurance performance has been well proven over the past 15-plus years. Ironically, however, a good many target market programs still ignore elements of success...
Making the Grade in Agency Diagnostics
Jul 4 2006 // As individuals, the easiest way to see how well you are performing is to compare yourself to others. We all do it from time to time. Likewise, with businesses, comparisons are a very useful tool to check performance. The...
Appeals Court rejects market-value loss claim
Jul 3 2006 // A man who wrecked his new truck is not entitled to payment from his insurance company for the resulting loss of market value, the New Mexico Court of Appeals ruled. In the first ruling in New Mexico on the issue, the court...
California Commissioner Questions Homeowners’ Insurance Rates
Jun 30 2006 // California Insurance Commissioner John Garamendi has announced he will approve an 18 percent decrease in homeowner and renter premium rates by The Hartford Insurance Co. The Hartford’s filing for a decrease contrasts...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
IRS Issues Tax Guidance for Hurricane Victims, Extends Filing Deadlines
Jun 20 2006 // The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for...
Best Assigns Ratings to New Zealand’s Pacific International
Jun 15 2006 // A.M. Best Co. has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to New Zealand-based Pacific International Insurance Limited (PII) with a stable...
New Mexico Appeals Court Rejects Market-Value Loss Claim
Jun 15 2006 // A man who wrecked his new truck is not entitled to payment from his insurance company for the resulting loss of market value, the New Mexico Court of Appeals ruled. In the first ruling in New Mexico on the issue, the court...
W.Va. Workers’ Comp Loss Costs Decrease 10 Percent
Jun 13 2006 // West Virginia Insurance Commissioner, Jane L. Cline has announced that the Offices of the Insurance Commissioner have approved an overall 10 percent decrease in loss costs for workers’ compensation rates. Loss cost...
S&P Assigns Ratings to Swiss Re’s ‘Successor Programme’ Notes
Jun 7 2006 // Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous...
Earnings High For U.S. Commercial Lines Insurers, S&P Reports
Jun 6 2006 // At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial...
