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Company Industry Country Year Fiscal quarter Report date Nominal loss (billion) USD FX rate at period end [36] USD equivalent loss (billion) USD inflation to June 2011 [37] USD real loss (billion) 1: American International Group (AIG) Insurance Financial services United States: 2008: 4Q: 31 December 2008: $61.66 [66] 1: $61.66: 7.37%: $66.2 2 ...
A loss run is a document that records the history of claims made against a commercial insurance policy. It is analogous to a credit report. A loss run report will include information including the date of the claim, the amount paid, and a description of the event. Generally, a loss run will record 5 years of history. [1]
Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business. The company, beset by ...
Utility stocks also came under pressure. Shares of Edison International — the parent company of Southern California Edison, which serves Los Angeles — were on track to record a weekly loss of 13%.
In the film and media industry, if a film released in theatres fails to break even by a large amount, it is considered a box-office bomb (or box-office flop), thus losing money for the distributor, studio, and/or production company that invested in it. Due to the secrecy surrounding costs and profit margins in the film industry, figures of ...
The EV maker recorded a net loss of $773.5 million in the April-June period, a 27% increase from the first quarter and loss 40% bigger than that of the same period last year. It anticipates ...
As a result of the long lasting bank runs, the company had lost more than 90% of its high-interest savings deposits. Home Capital Group had also lost more than 10% of its workforce during this long lasting bank-run, which was originally caused from the report by the Ontario Securities Commission in regard to the company's lending practices.
Nationwide, the number of FAIR Plan insurance policies nearly doubled between 2018 and 2023, rising to 2.7 million, according to data from AM Best, a company that rates the financial strength of ...