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Property and Casualty Insurance

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  • UPDATE 3-China eases M&A rules for insurers Tuesday, 8 Apr 2014 | 11:27 AM ET

    SHANGHAI/ HONG KONG, April 8- China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market.

  • FRANKFURT, April 1- A downward slide in reinsurance prices showed clear signs of accelerating in April contract renewals and is likely to feed through to property and casualty insurance prices before long, broker Willis said on Tuesday.

  • *Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.

  • No climate change impact on insurance biz: Buffett Monday, 3 Mar 2014 | 10:00 AM ET

    The effects of climate change, "if any," have not affected the insurance market, Warren Buffett told CNBC—adding he's not calculating catastrophe probabilities differently.

  • AIG cuts workforce by 3% after earnings beat Thursday, 13 Feb 2014 | 4:01 PM ET
    A man walks into the American International Group Inc. offices in New York, U.S., on Tuesday, Oct. 29, 2013.

    American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.

  • Flood insurance battle reaching high-water mark Friday, 7 Feb 2014 | 1:57 PM ET
    Flood damage in Salina, Colo., in 2013

    A law that was designed to curb deficits in the national flood insurance program is now the target of repeals.

  • Investors unsure, but US economy is strong: AIG CEO Monday, 16 Dec 2013 | 9:09 AM ET
    Robert Benmosche, CEO and president of AIG.

    "When I go around to my fellow CEOs, people are frightened about whether you want to invest in the United States," he said.

  • Think carefully before filing a homeowners claim Tuesday, 22 Oct 2013 | 7:44 AM ET

    The average rate hike for a family filing a homeowners claim is about 9 percent, or $150 a year, according to a new study.

  • Four Questions to Ask Before Hurricane Season Hits Thursday, 30 May 2013 | 9:24 AM ET
    Workers board up windows to protect from hurricane winds.

    With a forecast for an "active" hurricane season, you may want to call to your insurance agent to make sure you're covered.

  • 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.

  • China Property Transaction Volumes to Slow     Tuesday, 23 Apr 2013 | 12:32 AM ET

    Michael Klibaner, Regional Director, Head of Research, Greater China at Jones Lang LaSalle says transaction volumes in China's property market peaked in March and will therefore slow in Q2.

  • Most Expensive States for Car Insurance Monday, 18 Mar 2013 | 3:55 PM ET

    Auto insurance rates vary according to how many drivers are on the road, how safe they are, even who decides lawsuits.

  • Taming China's Home Prices     Monday, 18 Mar 2013 | 1:35 AM ET

    Du Jinsong, Head of Asia Property Research at Credit Suisse says expect more measures to tame China's home prices but wonders whether they will actually be effective.

  • US Plains Farmland Up More Than Record Setting 20% Friday, 15 Feb 2013 | 4:22 PM ET

    Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier.

  • Art Boom Forces Wealth Advisers to Develop an Eye Thursday, 14 Feb 2013 | 11:13 AM ET
    Dani and Mirella Levinas have been collecting contemporary art works for more than 30 years.

    For financial advisers, knowing the value and proper care of client's collections has become an essential part of doing, and keeping, business.

  • Travelers has been raising insurance premiums for three years because of severe weather patterns, said Chairman and CEO Jay Fishman told CNBC.

  • Travelers Profit Drops as Hurricane Sandy Takes Toll Tuesday, 22 Jan 2013 | 8:43 AM ET

    The super storm that ravaged swaths of the northeast in November buffeted Travelers earnings, as the company reported sharply lower fourth quarter earnings.

  • Before Santa Brings That Puppy, Talk to Your Insurer Friday, 21 Dec 2012 | 8:56 AM ET

    Christmas gifts like trampolines, treehouse kits and certain breeds of puppies will please the kids, but cause homeowner's insurance agents to cringe.

  • For Now, Insurance Stocks to Stay Sought After: Pro Tuesday, 18 Dec 2012 | 11:19 AM ET

    For now, insurance companies will continue to increase their cash reserves and invest some of that money into stock buybacks, dividend increases and acquisitions. That will keep it one of the most sought-after sectors by investors. TheStreet.com reports.

  • Watch Out For PICC Property & Casualty: Pro     Thursday, 6 Dec 2012 | 7:20 PM ET

    Scott Russell, Head of Insurance Research, Asia, Macquarie says the Chinese property & casualty space is performing better than life insurance. He is positive on PICC's debut in Hong Kong, but prefers its subsidiary PICC P&C.