All the headlines from our Profit Loss Topic Page, ordered by recency.
Nov 18 2019 // 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...
Nov 8 2019 // Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report.The...
Nov 8 2019 // The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the company’s stock price up 5.6 percent on Nov....
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years.A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
Nov 7 2019 // A Vermont farmer says he lost more than 2,000 chickens and turkeys when last week’s flood waters inundated their Richmond farm.Bruce Hennessey, of Maple Wind Farm, says they had moved the animals to higher ground...
Nov 6 2019 // The Hartford’s net income rebounded during the third quarter, rising 21% from Q3 2018 to $524 million, partly due to lower current accident year catastrophes, a lower group disability loss ratio and higher net...
Nov 5 2019 // Program business premium rose 12.2% in 2018, reaching $40.5 billion from $36 billion in 2016, according to The 2019 State of Program Business Study published by the Target Markets Program Administrators Association...
Nov 4 2019 // Berkshire Hathaway Inc. said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s...
Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses.AIG said that its General Insurance unit...
Nov 1 2019 // Insured losses stemming from Typhoon Hagibis in Japan are estimated to range between US$$7 billion and $11 billion, according to Newark, Calif.-based catastrophe modeling firm RMS.While last month’s Typhoon Faxai was...
Oct 31 2019 // Selling insurance to cannabis dispensaries may the business in which to be in the very near future.A new report claims that cannabis retailing could become one of the “most profitable specialty store categories...
Oct 31 2019 // Ride-hailing company Lyft Inc. on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021.As pressure to become profitable mounts...
Oct 30 2019 // Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region.Starting Jan. 1, 2020, PCS will...
Oct 30 2019 // Global insurer Chubb reported a banner 2019 third quarter, even though the company’s net income took a hit largely from losses relating to an accounting adjustment.Net income for the insurer reached $1 billion...
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
Oct 29 2019 // Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance...
Oct 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, said third-quarter profit jumped 50% thanks to higher investment returns and banking income. Net income rose to 31.9 billion yuan ($4.5 billion)...
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
Oct 24 2019 // The National Weather Service says nine tornadoes struck the Dallas area during Sunday’s stretch of severe storms in Texas.Forecasters confirmed the twisters Tuesday after surveying damage throughout North Texas. The...
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond.The...