HARTFORD, Conn.— A state lawmaker is introducing legislation that would bar insurance companies from inquiring about or discriminating against a "bully breed" dog when issuing a homeowners' insurance policy in Connecticut. Brenda Kupchick of Fairfield said constituents have difficulty getting a policy if they own dogs such as pit bull-type terriers or...» Read More
Oct 23- Property and casualty insurer Chubb Corp raised its full-year profit forecast on Thursday after a drop in catastrophe losses and higher premium income helped the company report stronger-than-expected third-quarter earnings. Chubb's shares rose about 4 percent in extended trading after closing at $94.26 on the New York Stock Exchange.
Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...
Not knowing what you don't know about auto and homeowners insurance could be an expensive mistake, according to a new Insure.com survey.
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.
FRANKFURT, Oct 2- Allianz will replace its chief executive earlier than expected, promoting insider Oliver Baete from May as the insurer seeks to restore order at Pimco, its U.S. funds business beset by investor and executive defections. Baete, 49, had been seen as front runner for the job, and is currently serving as Allianz's board member for insurance...
*Allianz shareholders call for stable leadership. *Contract of Allianz CEO, others up for renewal. FRANKFURT, Sept 26- German insurer Allianz suffered a humiliating blow on Friday with the resignation of renowned investor Bill Gross as leader of Pimco, the asset manager Allianz relies on for one fourth of its operating profit.
MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.
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.
NAPA, Calif. Aug 28- During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California.
Aug 4- Insurer American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit.
Aug 4- American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would expand its buyback program by $2 billion.
With hurricane season just around the corner, extreme weather outbreaks may put disaster preparedness and recovery plans to the test.
Lloyd’s of London called on the insurance industry to factor climate change into risk models on Thursday.
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.
American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.
A law that was designed to curb deficits in the national flood insurance program is now the target of repeals.
"When I go around to my fellow CEOs, people are frightened about whether you want to invest in the United States," he said.
The average rate hike for a family filing a homeowners claim is about 9 percent, or $150 a year, according to a new study.
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.