Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
California Lawsuit Over Profits From Fox Series “Bones” is Settled
Sep 13 2019 // A lawsuit over profits between the producers and stars of the show “Bones” and 21st Century Fox has been settled. The two sides in the long-running lawsuit over the hit Fox TV show filed documents saying the...
Insurance Linked Securities in 2019: Asking the Right Questions
Sep 11 2019 // The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is...
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Hurricane Dorian Insured Losses in Caribbean from Wind, Storm-Surge Could Hit $6.5B
Sep 10 2019 // Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm. This estimate represents insured losses associated with wind and...
Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events
Sep 9 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms
Sep 9 2019 // Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify...
Total Losses in Bahamas from Hurricane Dorian Estimated at $7 Billion
Sep 5 2019 // Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and...
ISU Network – #2 Agency Partnerships 2019
Sep 2 2019 // $559,580,000 2018 Total P/C Revenue ISU Network limits its size by adding new members, mid-sized to large agencies, by invitation only. But while this agency partnership is small in number, it’s not small in...
First-Half 2019 Records Drop in P/C Insurers’ Underwriting Income; Downgrades Outpace Upgrades: A.M. Best
Sep 2 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
What You Should Know Before Joining an Agency Network
Sep 2 2019 // Today is a great time to be an independent agent, but running an independent agency is not easy. Without an awareness of how the industry is evolving, and having access to ongoing training and education, you may not be...
Japan Quakes to Cost Insurance Industry $2B-$3B Annually: Karen Clark & Co.
Aug 30 2019 // For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion in industry losses. And...
Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...
USDA: Crop Insurance Covers Loss from Irrigation Tunnel Collapse
Aug 26 2019 // Farmers in western Nebraska and eastern Wyoming left without a way to water crops following the collapse of a massive irrigation tunnel in July will be covered by federal crop insurance. That word came Friday from the U.S....
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
Do Cannabis or Alcohol Taxes Have Higher Upside for Society?
Aug 22 2019 // Which helps society more? Alcohol or cannabis. That sounds like a funny question, but it may be an important one with more local governments embracing the opportunity to bring in tax revenue from cannabis sales. A new...
May Tornadoes Losses Among Highest Insured Losses in Ohio History
Aug 21 2019 // Insured losses from Memorial Day tornadoes that ravaged parts of Ohio will be among the largest in the state’s history. The Columbus Dispatch reports Ohio Insurance Institute data puts the total insured losses from...
42% of $44 Billion Global Catastrophe Losses in First Half Were Insured: Swiss Re
Aug 16 2019 // Natural catastrophes and man-made disasters in the first half of 2019 were responsible for USD $44 billion of economic losses globally, according to Swiss Re Institute’s preliminary sigma estimates. This figure is...
Insured Losses in China from Typhoon Lekima Will Exceed CNY 6 Billion: AIR
Aug 16 2019 // Catastrophe risk modeling firm AIR Worldwide estimates insured losses in China from Typhoon Lekima will exceed CNY 6 billion. Lekima made landfall in Taizhou, Zhejiang, China, at 2 a.m. on August 10 local time, with...
Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P
Aug 14 2019 // Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings. Although risk...
Texas’ Tricolor Launches Auto Insurance Option for Low Income Consumers
Aug 13 2019 // Tricolor, a Dallas-based used vehicle retailer focusing on the sale and financing of vehicles to the Hispanic consumer, is now offering affordable auto insurance option for low-income and credit invisible customers through...
