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Property and Casualty Insurance

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  • Oklahoma: Where Financial Relief Will Come From Wednesday, 22 May 2013 | 2:44 AM ET
    Cars are piled up after a devastating tornado hits Moore, Oklahoma are marked with with spray paint after they were searched for victims.

    Once the dust settles and the victims have been accounted for, Moore, Okla., will begin the gargantuan task of rebuilding itself. It's a task that will take billions of dollars in federal and state aid, insurance claims and charitable donations, the CSM reports.

  • AIG to invest $92.5 million in insurer in China Monday, 20 May 2013 | 3:48 PM ET

    NEW YORK-- American International Group Inc. said Monday that it will spend $718.1 million Hong Kong dollars in a rights offering by Chinese insurance company PICC Property and Casualty Company Ltd.. The company is a subsidiary of The People's Insurance Company of China Ltd. and is traded in Hong Kong.

  • Emerging markets stoking insurance growth - Munich Re Thursday, 16 May 2013 | 6:51 AM ET

    FRANKFURT, May 16- Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world's biggest reinsurer, Munich Re. In a study published on Thursday, Munich Re forecast growth in property-casualty insurance premiums of about 6 percent in Eastern Europe and Latin America in 2013-2014..

  • MEXICO CITY, May 13- The Mexican unit of insurer Marsh& McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence.

  • **RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.

  • **RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.

  • **RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.

  • **LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.

  • **LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.

  • **LINKEDIN CORP, Thursday close $201.67, down 9 pct premarket. **VIVUS INC, Thursday close $12.95, up 4 pct premarket.

  • *Eldorado Gold Corp posted a first-quarter loss on Thursday, hit by $125.2 million charge related to a change in the Greek tax rate. *Fairfax Financial Holdings Ltd, run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains.

  • **JPMORGAN CHASE& CO, Thursday close $48.08. U.S. government investigators have found that the company had manipulated trading in the California and Michigan electricity markets, the New York Times reported. **LINKEDIN CORP, Thursday close $201.67, down 10 pct after market.

  • **RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.

  • TALLAHASSEE, Fla., May 2- The Florida Senate sent Governor Rick Scott a bill on Thursday designed to reduce the state's exposure to catastrophic financial losses from a hurricane by gradually steering homeowners away from the state-run Citizens Property Insurance Corp..

  • Fairfax Financial tops estimates with surprise profit Thursday, 2 May 2013 | 6:02 PM ET

    TORONTO, May 2- Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains. The Toronto- based company said on Thursday it earned $161.6 million, or $7.12 a share, in the fourth quarter.

  • *1st- qtr operating EPS $1.34 vs estimates $0.87. May 2- Insurer American International Group Inc reported a quarterly profit that beat analysts' estimates, driven primarily by higher operating income in its property and casualty business. Net income fell to $1.98 billion, or $1.34 per share, in the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.

  • CHICAGO, May 01 Fitch Ratings has affirmed the' A+' Insurer Financial Strength ratings of Cincinnati Financial Corporation's three standard market property and casualty insurance subsidiaries and its life insurance subsidiary.

  • **MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket. **PFIZER INC, Monday close $30.43, down 3 pct premarket. **ZOETIS INC, Monday close $32.66.

  • **PFIZER INC, Monday close $30.43, down 5 pct premarket. **ZOETIS INC, Monday close $32.66. **NUANCE COMMUNICATIONS INC, Monday close $23.3, down 8 pct premarket.

  • ABUJA, April 29- Pirates have kidnapped five crew members from a cargo ship off Nigeria, a piracy watchdog and a security source said on Monday, part of a growing trend of attacks that are pushing up maritime insurance costs in the Gulf of Guinea.