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Property and Casualty Insurance

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  • WASHINGTON, Feb 11- The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. "Our actions maintain a careful balance between strengthening our fund and advancing our mission," Housing and Urban Development Secretary Julian Castro, who...

  • Feb 10- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Trying to improve your finances? Don't forget these Monday, 9 Feb 2015 | 9:00 AM ET

    Do you have a will, a budget or life insurance? For most Americans, the answer is "no." What planning documents you need, when.

  • Feb 9- Hotel, energy and financial services conglomerate Loews Corp reported a 13 percent fall in quarterly profit from continuing operations, mainly due to lower investment income. CNA Financial Corp, Loews's largest subsidiary, reported a 10 percent fall in profit due to lower net written premiums. Loews also controls Boardwalk Pipeline Partners LP and...

  • Europe: Where to invest in real estate? Thursday, 5 Feb 2015 | 11:20 AM ET
    Europe: Where to invest in real estate?

    David Hutching, head of EMEA investment strategy at Cushman & Wakefield talks about investing in real estate and how different European markets are currently looking.

  • Feb 4- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums, and the company said it would buy back $3 billion in shares. Allstate's shares, however, fell 2.5 percent in extended trading after the company said claim frequency for auto insurances rose in...

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. Intact, the former Canadian insurance arm of Dutch financial group ING Groep, said catastrophe losses fell by C $45 million from a year earlier when severe...

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company's net income rose to C $205 million, or C $1.52 per share, in the fourth quarter ended Dec. 31, from C $107 million, or 77 Canadian cents per share, a year earlier. Underwriting income...

  • Jan 29- Property and casualty insurer Chubb Corp's quarterly operating profit rose 3.4 percent as premium income increased. The company's consolidated operating income rose to $544 million, or $2.29 per share, in the fourth quarter ended Dec. 31, from $526 million, or $2.07 per share, a year earlier. Chubb also approved a share buyback program of up to $1.3 billion.

  • Jan 22- Property and casualty insurer Travelers Cos Inc reported a 5 percent rise in quarterly net profit, helped by higher underwriting gains and lower losses from natural disasters. The company reported operating earnings of $3.07 per share for the fourth quarter ended Dec. 31. The company said net income rose to $1.04 billion, or $3.11 per share, in the fourth...

  • Travelers profit rises on lower catastrophe losses Thursday, 22 Jan 2015 | 7:04 AM ET

    Jan 22- Property and casualty insurer Travelers Cos Inc reported a 5 percent rise in quarterly net profit, helped by lower weather-related catastrophe losses. The company, a Dow Jones Industrial Average component, said net income rose to $1.04 billion, or $3.11 per share, in the fourth quarter ended Dec. 31, from $988 million, or $2.70 per share, a year earlier.

  • WASHINGTON, Jan 12- President Barack Obama signed into law on Monday a bill that renews for six years a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, the White House said. The program provides a federal insurance backstop for owners of skyscrapers, sports stadiums, shopping malls and large projects that could face terrorism...

  • Jan 9- Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to encourage first-time homebuyers. Companies such as MGIC Investment Corp and Radian Group Inc have been regaining market share over the last year after...

  • WASHINGTON, Jan 8- The U.S. Senate on Thursday voted to reauthorize a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, after lawmakers let it expire at the end of 2014.. Senators voted overwhelmingly in favor of a bill giving the program six more years that had been approved by the U.S. House of Representatives on Wednesday.

  • People falling out of love with London property Tuesday, 6 Jan 2015 | 11:50 AM ET
    People falling out of love with London property

    Property demand in London has dropped since February 2014 by 28 percent. Russell Quirk, CEO of emoov, says that property demand or "hotspots" has increased in "commutable" areas like Reading and Colchester.

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    Not knowing what you don't know about auto and homeowners insurance could be an expensive mistake, according to a new Insure.com survey.

  • Ebola: New insurance deal with an outbreak Friday, 17 Oct 2014 | 5:37 PM ET
    A custodial worker wears a mask and eye protection to guard against the Ebola virus as he prepares to clean Ruth Cherry Intermediate School in Dallas.

    A Lloyd's of London unit is underwriting two forms of insurance to cover businesses that shut down as a result of Ebola and other diseases.

  • Expect the unexpected: More 9.0 megaquakes coming Tuesday, 16 Sep 2014 | 1:15 PM ET
    A catamaran sightseeing boat, sits atop a two-story Japanese inn on April 3, 2011 in Iwate Prefecture, Japan.

    Researchers say that most of the Pacific's earthquake zones are capable of generating shocks at least as strong as magnitude 9, NBC News reports.

  • Extreme weather may put US disaster prep to the test Saturday, 24 May 2014 | 6:00 AM ET

    With hurricane season just around the corner, extreme weather outbreaks may put disaster preparedness and recovery plans to the test.