The bill would limit annual increases of any individual policy under the National Flood Insurance Program to 18 percent.» Read More
Oct 31- American International Group Inc reported an underwriting loss in its property and casualty business in the third quarter, sending its shares down 3 percent in extended trading.
Oct 31- American International Group Inc reported a better-than-expected third-quarter operating profit, helped by strong growth in its property and casualty business. The U.S. insurer's net income rose 17 percent to $2.17 billion, or $1.46 per share, from $1.86 billion, or $1.13 per share, a year earlier.
*Catastrophe losses fall 37 percent to $128 million. Oct 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly operating profit as fewer natural disasters helped it earn more premiums.
Oct 29- Life and mortgage insurer Genworth Financial Inc reported its eighth straight quarterly profit as losses narrowed in its U.S. mortgage insurance business due to a recovering housing market.
Oct 29- Life and mortgage insurer Genworth Financial Inc's third-quarter profit rose three-folds as losses narrowed in its U.S. mortgage insurance business. Net profit rose to $108 million, or 22 cents per share, for the third quarter ended Sept. 30, from $35 million, or 7 cents per share, a year earlier.
Oct 24- Property and casualty insurer Chubb Corp raised its earnings forecast for the full year after reporting a better-than-expected rise in quarterly profit, underpinned by higher rates and strong underwriting across all its businesses. Chubb raised its earnings forecast to $7.90- $8.00 per share from $7.30- $7.50.
The average rate hike for a family filing a homeowners claim is about 9 percent, or $150 a year, according to a new study.
CALGARY, Alberta, Sept 23- The massive floods that devastated swaths of southern Alberta in June are estimated to be the costliest natural disaster in Canadian history, with the Insurance Bureau of Canada pegging the property damage at C $1.7 billion.
With billionaire John Paulson snapping up their shares, Radian Group Inc and MGIC Investment Corp are at the forefront of a recovery that is wiping out losses sustained when the housing bubble burst five years ago. "These companies are writing highly profitable new business," said Charles Murphy, partner at hedge fund Paulson& Co..
With a forecast for an "active" hurricane season, you may want to call to your insurance agent to make sure you're covered.
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.
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.
Auto insurance rates vary according to how many drivers are on the road, how safe they are, even who decides lawsuits.
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.
Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier.
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.
The super storm that ravaged swaths of the northeast in November buffeted Travelers earnings, as the company reported sharply lower fourth quarter earnings.
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 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.