Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
May 25 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples
May 23 2005 // A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled that Judith Peterson and Linda Henry of Fair...
Is it Time to Sell the Agency? Three Factors to Help You Decide ….
May 23 2005 // Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at...
CONNING: LOOK FOR P/C UNDERWRITING PROFIT AGAIN IN 2005
May 23 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-$14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
Amid Scrutiny, Aon Tops Earnings Estimates
May 23 2005 // CHICAGO–Aon Corp. saw its shares leap 15 percent after the world’s second-largest insurance brokerage reported quarterly profits that far exceeded Wall Street’s expectations. Shares in the company, which...
N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples
May 23 2005 // A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled that Judith Peterson and Linda Henry of Fair...
By Walter B. Sherman
May 23 2005 // Is it Time to Sell the Agency? Three Factors to Help You Decide …. Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge....
Workers’ Comp: An Introductory View into Loss Sensitive Plans
May 23 2005 // By Jeremiah Howard and Robert Young At a time in the California workers’ compensation marketplace where insureds are desperately seeking rate relief, many have begun to seriously evaluate alternatives to the...
Best: No Change in Zurich’s Ratings Following Q1 Results
May 20 2005 // In a brief announcement A.M. Best Co. said that all its ratings of Swiss-based Zurich Financial Services Group remain unchanged following the group’s announcement of net income of $779 million in the first quarter of...
Zurich Q1 Net up 21% to $779 Million
May 19 2005 // Zurich Financial Services Group reported strong growth in net income in the first quarter of 2005 with net income up 21 percent to $779 million, compared to $644 million in the first quarter of 2004. Other highlights...
Argonaut Group Expands with Launch of Argonaut Specialty
May 19 2005 // Argonaut Group Inc. is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger than those currently handled by...
Amlin Issues AGM Statement
May 18 2005 // Leading Lloyd’s insurer Amlin plc announced that it will provide an update to its Syndicate 2001’s forecasts for the 2003 and 2004 years of account and will comment on current trading at its Annual General...
Almost 3,000 Attended Fla. Town Hall Meetings; DFS Reports Results
May 17 2005 // Almost 3,000 Floridians attended seven town hall meetings held between March 2 and April 9 around the state in hard-hit hurricane areas, CFO Tom Gallagher just issued a report indicating that more than 62,000 storm victims...
Specialty Underwriters’ Alliance Reports Q1 Loss of $4.5 Million
May 17 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. reported a net loss of $4.5 million for the quarter ended March 31, 2005. Total revenues were $1.3 million, comprised of earned insurance premiums of...
Hartville Sees $2.1 Million Q1 Loss
May 17 2005 // Canton, Ohio-based pet insurer Hartville, Group Inc. announced financial results for the company’s first quarter of 2005, ended March 31, 2005. All reported results for the prior-year period reflect the previously...
ING Posts Solid Q1 Gains; Net Profits up 72% Percent to $2.44 Billion
May 16 2005 // ING, the Dutch insurance and financial services giant, enjoyed a very good first quarter of 2005, as the group’s net profit rose 72 percent to 1.941 billion euros ($2.44 billion) The company’s announcement...
N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples
May 16 2005 // A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled last week that Judith Peterson and Linda Henry...
Good Q1 Weather for R&SA; Operating Profit Up 95%; Best Comments
May 13 2005 // The U.K.’s Royal & SunAlliance (R&SA) reported strong earnings growth for the first quarter of 2005 with operating earnings of £160 million ($301 million) compared to £82 million ($155 million) in the...
Allied World Post Q1 Net Earnings Decrease to $64.4M
May 13 2005 // Bermuda-based Allied World Assurance Holdings Ltd. reported net income of $64.4 million for the first quarter 2005, compared to $89.4 million for the first quarter of 2004. Allied suffered losses of $18.9 million arising...
S&P Reports Munich Re’s ‘A+’ Ratings, Outlook ‘Unaffected’ by Q1 Results
May 12 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on Germany’s Munich Reinsurance, (currently “A+”/Stable) and its related entities–collectively known as the...
