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  • Travelers' profit drops as catastrophe losses rise Tuesday, 22 Jul 2014 | 7:14 AM ET

    July 22- Property and casualty insurer Travelers Cos Inc reported a 26 percent drop in quarterly net profit as catastrophe losses rose. The company, a Dow Jones Industrial Average component, said net income fell to $683 million, or $1.95 per share, in the second quarter ended June 30, from $925 million, or $2.41 per share, a year earlier.

  • CORRECTED-Centene's profit jumps 24 percent Tuesday, 22 Jul 2014 | 6:37 AM ET

    July 22- Health insurer Centene Corp posted a 24 percent jump in quarterly profit, driven by a nearly 50 percent jump in premium and services revenue. The company also bumped up the lower end of its full-year profit forecast to a range of $3.70 to $3.90 per share, from $3.60 to $3.90.

  • July 22- Health insurer Centene Corp posted a 24 percent jump in quarterly profit, driven by a nearly 50 percent jump in premium and services revenue. The company also bumped up the lower end of its full-year profit forecast to a range of $3.70 to $3.90 per share, from $3.60 to $3.90.

  • Bond insurers vow to fight Detroit financial plan Tuesday, 22 Jul 2014 | 12:14 AM ET

    DETROIT— A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history.

  • July 18- Shares of Trupanion Inc rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs.

  • Pet insurer Trupanion rises 15 pct in debut Friday, 18 Jul 2014 | 9:39 AM ET

    The company raised about $71 million after pricing its initial public offering of 7.13 million shares at $10 per share, below the expected range of $13 and $15 per share.

  • NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.

  • AP Top Extended Financial Headlines At 8:10 p.m. EDT Thursday, 17 Jul 2014 | 8:10 PM ET

    Ukraine accuses pro-Russia rebels of downing Malaysian plane with 298 aboard Microsoft to cut 18,000 jobs, largest layoff in company history, in pivot away from hardware Senators investigating recalls target GM's legal staff; safety regulators next US stocks swoon on news of jet downing in Ukraine and disappointing corporate earnings Google delivers another mixed bag in 2nd quarter as earnings disappoint while revenue surges Advanced Micro Devices posts narrower 2 Q loss; Outlook disappoints, stock slumps aftermarket Insurer UnitedHealth plans health overhaul business expansion, signaling big industry shift On a roll with hybrid success, Toyota gambles on futuristic fuel cell car running on hydrogen Airbus gets orders worth almost twice as much as Boeing's during key airshow event Applications for US jobless benefits fall to 302,000; 4- week average lowest since June 2007

  • Insurance for teen drivers? Prepare to pay more Thursday, 17 Jul 2014 | 2:39 PM ET

    The insurance bill for the typical married couple will jump an average 79 percent when a teen driver is added, according to a report.

  • WASHINGTON, July 17- The U.S. Senate voted overwhelmingly on Thursday to reauthorize a federal terrorism risk insurance program that was created after the Sept. 11, 2001, attacks.

  • Senate votes to extend terrorism insurance program Thursday, 17 Jul 2014 | 2:16 PM ET

    The Senate has voted to extend a program that would cushion the blow to insurance companies in the event of a massive terrorism attack.

  • Largest US insurer's move signals industry shift Thursday, 17 Jul 2014 | 1:24 PM ET

    UnitedHealth Group said Thursday that it will participate in as many as 24 of the law's individual health insurance exchanges in 2015, up from only four this year. But UnitedHealth and other insurers approached them cautiously, in part because they had little information about the health of the people who would sign up.

  • Senate votes to extend terrorism insurance program Thursday, 17 Jul 2014 | 1:16 PM ET

    WASHINGTON— The Senate voted Thursday to extend a program that helped stabilize jittery insurance markets in the aftermath of the Sept. 11 terrorist attacks. The Senate voted 93-4 to extend the program through 2021. Under the program, the federal government helps pay damages for attacks that cost more than $100 million.

  • July 17- UnitedHealth Group Inc, after wading cautiously into Obamacare insurance exchanges this year, on Thursday vowed to become a major player, participating in as many as two dozen state exchanges in 2015 and growing from there.

  • July 17- UnitedHealth Group Inc, the largest U.S. health insurer, reported higher-than-expected revenue and raised its forecast, helped by the addition of 270,000 healthcare members and strong growth in its Optum pharmacy services division. UnitedHealth also tightened its profit outlook to $5.50- $5.60 per share from $5.40- $5.60.

  • UnitedHealth's 2Q profit slips 2 percent Thursday, 17 Jul 2014 | 6:44 AM ET
    UnitedHealth Group

    UnitedHealth Group's second-quarter earnings slipped 2 percent on a rise in taxes and other expenses, but the nation's largest health insurer still trumped analysts' expectations. UnitedHealth said it earned $1.41 billion, or $1.42 per share, in the three months that ended June 30.

  • UnitedHealth's revenue rises as membership increases Thursday, 17 Jul 2014 | 6:34 AM ET

    July 17- UnitedHealth Group Inc, the largest U.S. health insurer, reported a 7 percent rise in quarterly revenue, helped by the addition of 270,000 members to its healthcare plans and strong growth in its Optum pharmacy services division.

  • NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.

  • HONG KONG, July 16- Hong Kong's benchmark index rose for a third day on Wednesday, while the index of Chinese companies listed in the city edged down as insurers underperformed. China Pacific Insurance Group lost 2.8 percent and China Life Insurance 1.2 percent.

  • LONDON, July 14- Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union.

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