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Property and Casualty Insurance

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  • Why your flood insurance may not rise so fast Wednesday, 5 Mar 2014 | 7:35 AM ET
    Floods swamp a house near the town of Hygiene, Colo.

    The bill would limit annual increases of any individual policy under the National Flood Insurance Program to 18 percent.

  • 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.

  • FLAHERTY SAYS KEEPING CLOSE EYE ON HOUSING AGENCY CMHC'S MORTGAGE INSURANCE BUSINESS.

  • 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.

  • Feb 5- Allstate Corp aims to grow its share of the U.S. home and auto insurance markets without the need for "abnormally large" rate increases, its CEO said, after the company's profit more than doubled in the fourth quarter. Shares of Allstate, the largest publicly traded home and auto insurer in the United States, rose 2 percent after the bell on Wednesday.

  • UPDATE 2-Canada ice storm slams Intact Financial profit Wednesday, 5 Feb 2014 | 10:56 AM ET

    *Q4 operating profit C $1.05 per share vs est C $1.26. TORONTO, Feb 5- Intact Financial Corp, Canada's largest property and casualty insurer, reported a larger-than-expected drop in fourth-quarter profit as a winter ice storm hurt underwriting results.

  • UPDATE 1-Canada ice storm hits Intact Financial profit Wednesday, 5 Feb 2014 | 8:04 AM ET

    *Fourth-quarter operating profit C $1.05 per share vs est C $1.26. Feb 5- Intact Financial Corp, Canada's largest property and casualty insurer, reported a 40 percent drop in fourth-quarter profit, hurt by severe winter weather.

  • Feb 5- Radian Group Inc, the biggest U.S. private mortgage insurer, reported a quarterly profit after four straight losses as fewer homeowners defaulted on their loans in a recovering housing market.

  • Intact Financial profit falls 40 pct Wednesday, 5 Feb 2014 | 7:07 AM ET

    Feb 5- Intact Financial Corp, Canada's largest property and casualty insurer, reported a 40 percent drop in fourth-quarter profit, hurt mainly by severe winter weather, but raised its dividend. Toronto- based Intact said net income fell to C $107 million, or 77 Canadian cents per share, in the quarter ended Dec. 31, from C $177 million, or C $1.29 per share, a year earlier.

  • Feb 4- Life and mortgage insurer Genworth Financial Inc reported a better-than-expected quarterly profit as a recovery in housing markets helped its U.S. mortgage insurance business. Shares of Genworth, which was spun off from industrial conglomerate General Electric Co ten years ago, rose more than 4 percent in extended trading.

  • 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.