Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
How Medical Liability Insurers’ $30 Billion ‘Cushion’ Is Also Barrier to Profit
Mar 22 2017 // For all the changes in healthcare over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they have been since its crisis in the mid-2000s: a high...
Black Pedestrians at Higher Risk Than Whites at Crosswalks from Motorists Not Stopping
Mar 17 2017 // Motorists approaching mid-block crosswalks are less likely to yield for black pedestrians than white pedestrians and the pedestrian bias is apparently even worse in high-income than low-income neighborhoods, according to a...
Advising Businesses on Business Interruption Insurance
Mar 17 2017 // With the recent late-winter storms that have hit the Northeast, many businesses could have suffered a loss of revenue they were not anticipating. If a business owner was impacted by this latest storm, chances are his or...
How to Help Hospitality Firms with Business Interruption Claims
Mar 15 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Here Is a Section-by-Section Summary of Republicans’ Health Care Act
Mar 7 2017 // The following summary of the American Health Care Act, meant as a repeal and replacement for the Affordable Care Act (Obamacare), has been prepared by the Republican staff of the House Committee on Ways and Means. A copy...
Best Practices for Hospitality Business Interruption Recovery
Mar 6 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Liberty Mutual’s Q4 Net Income Takes a Hit from Auto Liability Losses
Mar 3 2017 // Liberty Mutual Holding Co.’s 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full year. The insurer booked...
State Farm Lost $7 Billion on Auto in 2016
Mar 1 2017 // State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in 2016. The State Farm...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
What the Wall Street Journal Gets Wrong about Farming in 2017
Feb 24 2017 // With the Farm Bill up for reauthorization in 2018 and legislative debate poised to heat up later this year, there’s been a lot of talk about the plight of the American farmer. A recent Wall Street Journal piece...
Hanover Insurance Restructures Agency Business; Eyes Specialty Expansion
Feb 23 2017 // The Hanover Insurance Group Inc. is making some organizational changes as it implements what its CEO calls its “go-forward business strategy, Hanover 2021” that is focused on growing responsibly, managing...
Insured Losses from New South Wales’ Bushfires & Hailstorms Pass US$53.7M
Feb 22 2017 // Combined losses from the two New South Wales catastrophes of bushfires and hailstorms, have passed A$70 million (US$53.7 million), according to the Insurance Council of Australia (ICA). As of Feb. 20, insured losses for...
Auto Insurers Dispute Consumer Report on Tactics Used in No-Fault Accidents
Feb 20 2017 // A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America...
Allianz Posts Higher than Expected Q4 Profit; Plans $3.2B Share Buyback
Feb 17 2017 // Allianz, Europe’s largest insurer, proposed spending 3 billion euros ($3.2 billion) on buying back its own shares on Thursday after the Munich-based firm posted higher than expected profits and said it was adjusting...
Insurers Mull Obamacare Exits as Uncertainty, Losses Mount
Feb 16 2017 // Another U.S. health insurer is threatening to drop out of Obamacare after posting massive financial losses related to the program, just hours after an insurance CEO said the law’s markets were entering a “death...
AIG’s Losing Streak Continued in Q4
Feb 15 2017 // American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability. The net loss widened...
Agency Organic Growth Slowed in 2016: Reagan
Feb 15 2017 // Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since 2011. The year ended on a positive note, however, as fourth-quarter organic growth...
Insurers Find Fault With Report Over How Auto Insurers Treat No-Fault Accidents
Feb 14 2017 // A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America...
Brazil’s BB Seguridade Expects Slower Growth as Recession Continues to Bite
Feb 13 2017 // State-controlled insurance holding company BB Seguridade Participações SA on Monday forecast slower profit growth this year, reflecting the impact of Brazil’s harshest recession ever and a rapid decline in interest...
Markel Closed 2016 with Improved Investment Gains and Higher Cat Losses
Feb 10 2017 // Markel Corp. ended 2016 with a drop in net income and increase in the combined ratio, with Hurricane Matthew and the Canadian wildfires to blame for higher catastrophe losses. At the same time, the insurer experienced...
