All the headlines from our Profit Loss Topic Page, ordered by recency.
Apr 11 2025 // James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance...
Apr 11 2025 // The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs.New or renewal policies issued on or after April 1, 2025 will be subject to the new loss...
Apr 7 2025 // Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents.HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative...
Apr 7 2025 // A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather.From April 2 to April 6, a rare...
Apr 7 2025 // The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property...
Apr 7 2025 // For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit.AM Best in a “First Look” at U.S. P/C financial results said the industry left 2024 with a...
Apr 7 2025 // Florida insurers, often on the receiving end of insureds’ complaints in the courts and in the news media, may take heart from a recent ruling by a Florida appeals court, which draws a bold line under insureds’...
Apr 4 2025 // Katie Scheuer has been promoted to the newly created position of Division Revenue Leader for the Great Lakes Region at World Insurance Associates. She was formerly the Division Growth Leader for the Great Lakes and West...
Apr 3 2025 // The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte.The report, “Reinventing the insurance customer experience for loyalty,” highlights how...
Mar 26 2025 // Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods.Less than three months...
Mar 26 2025 // The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and...
Mar 24 2025 // The chatter around artificial intelligence on earnings calls in Europe is scaling new peaks as even companies beyond technology-related sectors are embracing it to boost efficiency and competitiveness.Mentions of...
Mar 21 2025 // The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property...
Mar 20 2025 // RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio.The deal is effective from Jan....
Mar 20 2025 // Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under...
Mar 19 2025 // Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation.Sen. Nabilah Islam...
Mar 18 2025 // For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit.AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with...
Mar 13 2025 // The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and...
Mar 13 2025 // Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023.The Tampa-based company said it had net income of 66 cents per share. The property...
Mar 13 2025 // Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet.The insurer, historically a bulwark of...