NEW YORK-- Chubb Corp. shares hit an all-time high Friday after a Deutsche Bank analyst upgraded the company to "Buy" from "Hold," saying that the company offers the best value for investors among the traditional property and casualty companies.
Analysts say the rally in insurers is not out of gas, reports CNBC's CNBC's Mary Thompson. In fact, many of them are pushing through modest rate increases.
It's been a stormy year for U.S. property insurers, and hurricane season hasn't even started yet. But shares of these companies could be jumping if a bad year in weather prompts premium increases.
The Japan situation offers a new “calibration point” for insurers and the world, Glenn Renwick, CEO of insurance company Progressive, told CNBC Wednesday.
The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.
Insurance provider Aflac announced today that it had fired comedian Gilbert Gottfried, after he lampooned Japan earthquake and tsunami victims on Twitter.