IFAwebnews » losses

Fitch: P-C insurers’ numbers should be ‘improve’ this year

Bob Graham — Mon, 19 Mar 2012 13:03:50 +0000

Property-casualty insurers should report “improved” operating results this year, after being hurt by heavy catastrophe-related losses and weak earnings in 2011, according to Fitch Ratings.

Fitch: P-C insurers’ numbers should be ‘improve’ this year via IFAwebnews.

First-half net income for P-C insurers drops 71%, as losses mount

Bob Graham — Tue, 11 Oct 2011 12:49:25 +0000

Private U.S. property-casualty insurers’ net income fell 71%, fueled in large part by losses from catastrophes.

First-half net income for P-C insurers drops 71%, as losses mount via IFAwebnews.

Property-casualty insurers’ operating profits down, but improving

IFAwebnews Staff — Tue, 31 Aug 2010 09:35:19 +0000

Operating profits declined for most property-casualty insurers in the first half of the year, but exceeded the poor performance in the first six months of 2009, according to a Fitch analysis of 50 publicly traded companies.

Property-casualty insurers’ operating profits down, but improving via IFAwebnews.

Outlook for New Jersey-based insurer dropped to ‘negative’

IFAwebnews Staff — Thu, 24 Jun 2010 11:04:30 +0000

The outlook of First Jersey Casualty Insurance Co. has been downgraded to “negative,” from “stable,” according to A.M. Best Co.

Outlook for New Jersey-based insurer dropped to ‘negative’ via IFAwebnews.

State Auto Group’s ratings fall with ‘substantial’ earnings decline

IFAwebnews Staff — Fri, 04 Jun 2010 15:10:51 +0000

State Auto Group, which recently opened a regional headquarters in Hunt Valley, Md., has had its counterparty credit and financial strength ratings lowered by Standard & Poor’s Ratings Service.

State Auto Group’s ratings fall with ‘substantial’ earnings decline via IFAwebnews.

Health care reform is already at work in Michigan

Bob Graham — Mon, 24 May 2010 13:58:20 +0000

The least successful way to run a business is to lose money. Just ask the executives at Circuit City. Yet, taking a loss is what Blue Cross Blue Shield of Michigan is admitting it will do with its individual health plans.

Health care reform is already at work in Michigan via IFAwebnews.

Citing rising costs, Michigan Blues request rate hike for 189,000

Keith L. Martin — Mon, 24 May 2010 13:42:46 +0000

Like other health insurance companies nationwide, Blue Cross Blue Shield of Michigan is citing increasing medical costs as the primary driver for its need to raise rates on some of its plans.

Citing rising costs, Michigan Blues request rate hike for 189,000 via IFAwebnews.

Pennsylvania insurer’s ratings downgraded on concerns over losses

IFAwebnews Staff — Thu, 20 May 2010 12:30:25 +0000

A Pennsylvania-based insurance company’s ratings were downgraded by A.M. Best Co. because of concerns about underwriting and operating losses over the last three years.

Pennsylvania insurer’s ratings downgraded on concerns over losses via IFAwebnews.

Nationwide shows first quarter earnings, ready to fill 1,400 positions

Keith L. Martin — Thu, 06 May 2010 17:00:49 +0000

Coming of a first quarter where it earned $396 million, Nationwide said it plans to fill 1,400 open positions across the country.

Nationwide shows first quarter earnings, ready to fill 1,400 positions via IFAwebnews.

Despite $24 million in catastrophic losses, Selective sees income gain

Keith L. Martin — Thu, 29 Apr 2010 12:57:36 +0000

Noting heavy snow and rainfall in the Northeast and mid-Atlantic, Selective Insurance reported $24 million in catastrophic losses for the first quarter, but also saw gains of more than 100% in its net and operating income.

Despite $24 million in catastrophic losses, Selective sees income gain via IFAwebnews.