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  • LONDON, Oct 23- Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts since the 2007-09 financial crisis to reinforce supervision of the sector. The International Association of Insurance Supervisors said on Thursday it had agreed a basic capital requirements ratio for the nine big insurance firms...

  • Everest Re tops Street 3Q forecasts Wednesday, 22 Oct 2014 | 5:48 PM ET

    HAMILTON, Bermuda _ Everest Re Group Ltd. on Wednesday reported third-quarter profit of $274.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $4.97 per share. Analysts expected $1.44 billion, according to Zacks.

  • As virus spreads, insurers exclude Ebola from new policies Wednesday, 22 Oct 2014 | 12:31 PM ET

    As a result, new policies and renewals will become costlier for companies opting to insure business travel to West Africa or to cover the risk of losses from quarantine shutdowns at home, industry officials told Reuters. "What underwriters are doing at the moment is they're generally providing quotes either excluding or including Ebola- and it's much more...

  • 7 industries at greatest risk from climate change Wednesday, 22 Oct 2014 | 6:00 AM ET

    Some big global industries have a lot at stake due to climate change. Their profitability, and very survival, may depend on it.

  • Blue Cross reveals 2015 health insurance rates Wednesday, 22 Oct 2014 | 4:01 AM ET

    Blue Cross and Blue Shield of North Carolina discussed the expected rate increases in a teleconference several weeks ahead of the Nov. 15 kickoff for the enrollment period for coverage starting in January. Blue Cross said rates would rise an average of 13.5 percent for 315,000 customers who enrolled this year in individual plans that comply with President...

  • Insurer considers Ebola exclusion in some policies Tuesday, 21 Oct 2014 | 6:34 PM ET

    Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies. The Swiss company said Tuesday that it is making the decision on a "case by case" basis for new and renewal policies under its global casualty unit, which offers coverage for U.S.-based companies and organizations that travel or have...

  • Insurer warns of Ebola-related restrictions Tuesday, 21 Oct 2014 | 2:36 PM ET

    A big name insurer is warning of possible Ebola-related restrictions on business liability coverage.

  • ACE Ltd. warns of Ebola restrictions     Tuesday, 21 Oct 2014 | 2:33 PM ET

    CNBC's Mary Thompson reports Zurich based ACE Limited has warned of Ebola related restrictions on insurance coverage.

  • *Insurers face $800 mln bill; outstrips $60- $90 mln premiums. *Follows downing of MH17 over Ukraine, other incidents. The hefty bill dwarfs the $60- $90 million in income insurers received last year to cover the incidents, which have included the downing of Malaysia Airlines' MH17 passenger jet in Ukraine, and could mean some bow out of the market if the price...

  • Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...

  • TOKYO, Oct 21- Japan's Nippon Life Insurance will "have no choice" but to invest more in foreign bonds if yields on domestic ones remain too low, a company official said on Tuesday. Nippon Life, Japan's largest private insurer with total assets of about 58 trillion yen, said at the start of the 2014/ 15 financial year in April that it wanted to increase yen bond holdings,...

  • TOKYO, Oct 21- Japan's Nippon Life Insurance plans to keep raising yen bond holdings in the financial year through March 2015 but will invest more in foreign bonds if domestic yields are too low, a company official said on Tuesday.

  • Sears said Chief Executive Officer Eddie Lampert and his hedge fund, ESL Investments Inc, would purchase roughly half of the offering, in which the right to buy unsecured senior notes and warrants will be issued to existing shareholders. The move comes after some insurers who offer protection to suppliers against the risk of nonpayment had cancelled or scaled...

  • Petition drive to limit hospital charges gets OK Monday, 20 Oct 2014 | 4:01 PM ET

    LANSING, Mich.— Michigan's elections board gave the go-ahead Monday for a petition drives seeking to limit what hospitals can charge uninsured and underinsured patients and auto accident victims. He acknowledged that insurers are supportive of the effort, which was blasted by defenders of Michigan's auto insurance law as a "cynical ploy" by the insurance...

  • Not knowing what you don't know about auto and homeowners insurance could be an expensive mistake, according to a new Insure.com survey.

  • *Munich Re, Hannover Re see stable German premiums. BADEN-BADEN, Germany, Oct 20- Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. "I see no reason why reinsurance prices should fall," Munich Re board member Ludger Arnoldussen told a news conference in the...

  • Sears shares rose about 7.5 percent in early trading. Most of this will come from Lampert and his hedge fund, ESL Investments Inc, which together own 48.5 percent of Sears. Sears' deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain ahead of the key holiday season.

  • TOKYO, Oct 20- Tokio Marine& Nichido Fire Insurance expects to keep its Japanese bond holdings largely unchanged this fiscal year ending in March 2015, and might consider buying U.S. Tokio Marine& Nichido Fire is the core arm of Tokio Marine Holdings, one of Japan's big three non-life insurer groups. Yoshiaki Nakahara, deputy general manager of portfolio...

  • NC insurers press for higher homeowner rates Monday, 20 Oct 2014 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's insurance commissioner on Monday began deciding whether to allow homeowner's coverage costs to rise by as much as 35 percent even as more insurers demand even higher rates in agreements with customers. Craig Smith has seen the annual insurance premium for his rural Pitt County home double to $2,000 since he and his wife Brenda...

  • Oct 17- Unable to reach a compromise with JPMorgan Chase& Co over the use of the term "smart" in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court. The insurer is asking for a declaration that it is not infringing on JPMorgan's trademark. JPMorgan first told MassMutual it was...

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