Latest Profit Loss Headlines

All the headlines from our Profit Loss Topic Page, ordered by recency.

RG America Reports Q1 Profit

Jun 7 2005 // Dallas-based RG America Inc. announced first quarter 2005 net cash-flow results of $293,000. RG America is a family of companies offering construction/restoration and financial services and products primarily to the...

Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint

Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...

Think Moderation on Loss History Reports Regulation

Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...

Los Angeles Area Quake Could Result in 7,600 Dead; Major Property Damage

Jun 6 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...

Killer Tsunamis and the Marine Insurance Market

Jun 6 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...

Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint

Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? – Maurice “Hank” Greenberg, AIG CEO, 1992 From the 1980s until recently, insurance giant American International Group...

Think Moderation on Loss History Reports Regulation

Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...

Argonaut Group Expands with Launch of Argonaut Specialty

Jun 6 2005 // Argonaut Group Inc., headquartered in San Antonio, 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...

Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage

Jun 6 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...

Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage

Jun 6 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...

Unigard Reports Strong First Quarter Financial Results

Jun 2 2005 // Bellevue, Wash.-based Unigard Insurance Companies reported an outstanding first quarter combined ratio of 83.0 percent, which represents a strong showing compared to current U.S. insurance industry projections and further...

AIG 10K Filing and Restatements Shave 2004 Net Income by 11.9%

May 31 2005 // American International Group Inc. (AIG) announced that it has filed its long-awaited 2004 annual financial report Form 10-K along with adjustments for 2000 through 2003 with the Securities and Exchange Commission. As part...

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...