All the headlines from our Profit Loss Topic Page, ordered by recency.
Apr 12 2024 // Progressive Corp. today reported strong first quarter 2024 results with net income of $2.3 billion and a combined ratio of 86.1Last year, net income for the first three months at the Mayfield Village, Ohio-based insurer...
Apr 11 2024 // Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report.An...
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
Apr 9 2024 // Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global accounting rulesetter to help end what international investor Warren Buffett has called...
Apr 8 2024 // An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration (FAA) to open an investigation.No one was injured...
Apr 8 2024 // A report from the Colorado Chamber of Commerce and the American Property Casualty Insurance Association estimates a proposal to remove the noneconomic damage caps in Colorado would result in a $2.1 billion annual loss in...
Apr 5 2024 // The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to...
Apr 3 2024 // Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at...
Mar 29 2024 // It’s very early in the recovery process and already the numbers are large.Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according to...
Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...
Mar 28 2024 // Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market said on Thursday, boosted by strong underwriting and investment performance.The insurance...
Mar 28 2024 // The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.The volume...
Mar 27 2024 // The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss...
Mar 26 2024 // Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re.Other...
Mar 26 2024 // The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report.Preliminary data from the global credit rating agency shows that the...
Mar 22 2024 // Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence...
Mar 21 2024 // Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas.The 189.6...
Mar 20 2024 // LUBBOCK — There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire.Over the last several months, small fires — ones that weren’t pushed by strong winds or...
Mar 14 2024 // Willy Hammond joined the Alliant private client division of Alliant Insurance Services as vice president, senior loss control specialist. Hammond has 30 years of experience in the industry and previously served as national...
Mar 12 2024 // TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over Q4 2022.The Tampa, Florida-based company said it had profit of $3.40 per share....