Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Earlybird Forecast
Jan 22 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
Earlybird Forecast
Jan 22 2006 // Fortunately for insurers, 2006 will likely feature far fewer screaming headlines announcing investigations into various insurance industry practices such as broker compensation and finite reinsurance. Each year the...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
S&P Sees European Securitizations Gaining Acceptance
Jan 19 2006 // Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and...
Mercury General Revises Loss Estimates from Hurricane Wilma
Jan 19 2006 // Mercury General Corp. has revised its estimate of losses caused by Hurricane Wilma. On Oct. 24, 2005, Hurricane Wilma made landfall as a Category 3 storm on the southern gulf coast of Florida. The storm crossed the Florida...
Partnership with Non-profits Helps Injured Workers Heal Faster
Jan 18 2006 // When workers get hurt on the job, employers usually have two options: give them modified light duty work or have them remain at home, unproductive, while they heal. General Casualty Insurance Companies, based in Sun...
FBI: 90% of Organizations Face Computer Attack; 64% Incur Financial Loss
Jan 18 2006 // The FBI reports that 9 out of 10 organizations in the country are victims of some sort of computer security incident, and one-fifth are hit more than 20 times a year. Almost two-thirds suffer financial loss as a result of...
Health Insurance Plan: New Option for Low-income Kansas Residents
Jan 13 2006 // Low-income Kansas residents, who have not had health insurance for more than a year, may qualify for a new program that promises half-price premiums, Blue Cross and Blue Shield of Kansas announced this week. Named...
Everest Re Ups 2005 Hurricane Losses to $1.2 Billion
Jan 13 2006 // The Bermuda-based Everest Re Group, Ltd. announced that it has increased its loss estimates for Hurricanes Katrina, Rita and Wilma. Total pre-tax losses from these events, which had previously been estimated at $1.0...
S&P Calls 2005 ‘a Good Year’ for European Insurers, Despite Losses
Jan 11 2006 // A report published by Standard & Poor’s Ratings Services, “Industry Report Card: European Insurance,” notes that “despite the large losses related to hurricanes Katrina, Rita, and Wilma, 2005...
HCC Expects Earnings Growth in 2006
Jan 11 2006 // HCC Insurance Holdings Inc. provided earnings guidance for the period ending Dec. 31, 2006. In a news release, HCC said management is confident they will achieve or beat consensus earnings of $2.55 per fully diluted share...
Calif. State Fund and Humboldt Builders’ Exchange Offer Loss Prevention Seminar
Jan 10 2006 // California’s State Compensation Insurance Fund and Humboldt Builders’ Exchange Inc. is hosting a Business Loss Prevention seminar free to employers, brokers and the general public. The seminar is designed to...
Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
I.I.I.: Claims in Louisiana Equal to 25 Years of State’s Homeowners Premiums
Jan 5 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
2005 P/C industry in a word: Resilience
Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
White Paper Analyzes Loss Retention Under Terrorism Extension Act
Dec 29 2005 // AIR Worldwide Corporation conducted an analysis of the potential impact on insurers of the Terrorism Risk Insurance Extension Act of 2005. The Act was signed into law last week and extends the Terrorism Risk Insurance Act...
Munich Re to Raise Dividend by 55% Despite Increases in 2005 Cat Losses
Dec 29 2005 // In a year that will go down as the costliest ever for the insurance industry, it seems paradoxical that Munich Re, the world’s largest reinsurer – at least until Swiss Re completes its takeover of GE Insurance...
Missouri Insurance Dept. Releases Review of Workers’ Comp Study
Dec 29 2005 // The Missouri Department of Insurance recently released its review of the annual loss cost filing submitted by the National Council on Compensation Insurance. Insurers and self-insurers use loss costs to establish final...
