All the headlines from our Profit Loss Topic Page, ordered by recency.
Dec 11 2024 // Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted.The impact would mainly be from disruption...
Dec 10 2024 // Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our...
Dec 6 2024 // Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive year — and are even likely to hit US$135 billion-plus, according to Swiss Re...
Dec 4 2024 // Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss...
Dec 2 2024 // AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment...
Dec 2 2024 // This post is part of a series sponsored by Old Republic Surety.Dan Pope, Senior Vice President of Underwriting at Old Republic Surety, learned a lesson as a young surety rep about the most important numbers at a...
Dec 2 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024.Despite targeted underwriting initiatives, including...
Dec 2 2024 // Texas’s worker’s compensation market is stable and steadily growing.The workers’ comp market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation...
Dec 2 2024 // The Texas Windstorm Insurance Association Board of Directors met in November to review information related to the agency’s 2025 budget.The meeting presented new information on TWIA losses from 2024 storms as...
Nov 27 2024 // CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers...
Nov 27 2024 // The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry.Of the 18 named storms, 11...
Nov 26 2024 // Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing...
Nov 25 2024 // South Korean carmaker Hyundai Motor is recalling about 145,235 electrified vehicles in the United States due to a loss of drive power, the National Highway Traffic Safety Administration said on Friday.The recall includes...
Nov 25 2024 // Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her...
Nov 22 2024 // Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s...
Nov 22 2024 // It is “how” commercial lines carriers execute their underwriting strategies, not “what” lines they write that is key to profitable growth for top performers, according to new research from...
Nov 21 2024 // Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October.Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve...
Nov 21 2024 // As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases.Areas critical...
Nov 21 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year.Members completed 385 acquisitions for the year...
Nov 19 2024 // The Texas Windstorm Insurance Association Board of Directors met last week to review information related to the agency’s 2025 budget.The meeting presented new information on TWIA losses from 2024 storms as projected...