All the headlines from our Profit Loss Topic Page, ordered by recency.
Jan 22 2020 // The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report.The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was...
Jan 17 2020 // The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in...
Jan 16 2020 // The green rush in the global cannabis market continued in 2019, with sales doubling in seven U.S. states as well as Canada, and you can expect that trend to continue this year, a report out on Thursday shows.The report...
Jan 16 2020 // Nebraska suffered more than $3.4 billion in losses from disastrous weather last year while the toll was $1.9 billion in neighboring Iowa, according to a federal report.The bomb cyclone in March caused most of the damage,...
Jan 13 2020 // Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and growing competition in the U.S., according to an A.M. Best...
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry.That is why it is imperative for agency owners to...
Jan 10 2020 // Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 billion),...
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
Jan 9 2020 // New York Gov. Andrew Cuomo is proposing an aggressive climate change-fighting campaign for his state that includes a $3-billion bond act that would be put on the ballot this November.Cuomo, who says that money would go to...
Jan 9 2020 // Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car.With the widespread rollout of autonomous...
Jan 8 2020 // Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe...
Jan 8 2020 // If you look at news in any way, you understand that the world is risky. Take a look at these stories in Insurance Journal.Worker in New Jersey Seriously Injured When Ditch Collapses Around Him Two Women Killed After New...
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 6 2020 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue.The population of Americans over age 80 will double, from 6...
Dec 31 2019 // A U.S. federal appeals court on Monday said the maker of Diet Dr Pepper did not deceive consumers into thinking the soft drink promoted weight loss by including “diet” in its name, a decision that could doom a...
Dec 27 2019 // Personal income growth in Kansas is below the national average largely because of troubles in agriculture.Kansas farmers face an expanding drought and low commodity prices, though a break in an ongoing tariff dispute may...
Dec 27 2019 // The fourth and final insured property loss estimate for the hailstorms that hit the greater Sydney region in December 2018 rose to A$798 million ($553.2 million), according to PERILS, the independent Zurich-based...
Dec 24 2019 // Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and growing competition in the U.S., according to an A.M. Best...
Dec 24 2019 // The Massachusetts Department of Revenue needs to do more to protect the security of taxpayer and business data, the state auditor said Monday.Auditor Suzanne Bump said an audit found the department was not prepared to...