All the headlines from our Profit Loss Topic Page, ordered by recency.
Jan 27 2025 // Fourth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million.For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8...
Jan 27 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re.Overall...
Jan 24 2025 // The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying...
Jan 23 2025 // Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28...
Jan 23 2025 // A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its...
Jan 22 2025 // New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan.The estimates out on...
Jan 22 2025 // The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on strong underlying underwriting results.Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.6...
Jan 20 2025 // Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range.The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic...
Jan 17 2025 // The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over...
Jan 17 2025 // CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers.“We don’t...
Jan 17 2025 // Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows.The California Workers’...
Jan 16 2025 // Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for...
Jan 15 2025 // Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced its Lloyd’s syndicate has agreed a ground-up loss portfolio transfer (LPT) with Atrium Syndicate 609, managed by Atrium Underwriters...
Jan 14 2025 // The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion.The fresh figure Jan. 14 from Keefe Bruyette & Woods...
Jan 13 2025 // The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ),...
Jan 10 2025 // Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for...
Jan 10 2025 // The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks.Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire...
Jan 9 2025 // Editor’s note: This story has been updated with new AccuWeather total loss estimates.With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of...
Jan 9 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re.Overall economic...
Jan 8 2025 // Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say...