*Allianz sells Fireman's Fund personal lines to ACE Ltd.. FRANKFURT, Dec 18- German insurer Allianz on Thursday said it had agreed to sell its Fireman's Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to focus on building its U.S. property and casualty operations. The deal clears up one of two problem areas for Allianz in the...» Read More
*Q2 oper earnings $1.93/ shr vs. est $2.07. July 22- Property and casualty insurer Travelers Cos Inc reported a steeper-than-expected fall in quarterly operating profit, hurt by bigger catastrophe losses and a slowing pace of premium rate increases.
*Q2 oper earnings $1.93/ shr vs. est $2.07/ shr. July 22- Property and casualty insurer Travelers Cos Inc's quarterly earnings fell short of analysts' estimates as hail and wind storms in the United States increased catastrophe losses.
July 22- Property and casualty insurer Travelers Cos Inc reported a 26 percent drop in quarterly net profit as catastrophe losses rose. The company, a Dow Jones Industrial Average component, said net income fell to $683 million, or $1.95 per share, in the second quarter ended June 30, from $925 million, or $2.41 per share, a year earlier.
July 18- Shares of Trupanion Inc rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs.
WASHINGTON, July 17- The U.S. Senate voted overwhelmingly on Thursday to reauthorize a federal terrorism risk insurance program that was created after the Sept. 11, 2001, attacks.
U.S. SENATE VOTES TO RENEW FEDERAL TERRORISM RISK INSURANCE PROGRAM FOR 7 YEARS; HOUSE OF REPRESENTATIVES LIKELY TO TAKE UP EXTENSION NEXT WEEK.
NEW YORK, July 6- When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm.
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.
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.