Property and Casualty Insurance


  • WASHINGTON, Dec 12- The U.S. Treasury Department's insurance office called for a bigger federal government role in insurance regulation, including new standards for mortgage insurers, and said state officials should improve oversight of the entire industry.

  • WASHINGTON, Dec 12- The U.S. Treasury Department's insurance office on Thursday called for federal oversight of mortgage insurers, adding that state regulators should improve oversight of the entire industry.

  • FRANKFURT, Nov 8- Allianz said it expected operating profit of slightly more than 9.7 billion euros in 2013, edging over the top of its own target range and in line with analysts' expectations.

  • *Posts loss of $7.1 million on investments. Nov 7- Radian Group Inc, the biggest private U.S. mortgage insurer, wrote the second-highest quarterly volume of new insurance in its history, helped by a recovering housing market and fewer loan defaults.

  • UPDATE 1-AIG's property unit reports underwriting loss Thursday, 31 Oct 2013 | 4:51 PM ET

    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.

  • AIG quarterly profit beats estimates Thursday, 31 Oct 2013 | 4:07 PM ET

    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.

  • 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.

  • Travelers has been raising insurance premiums for three years because of severe weather patterns, said Chairman and CEO Jay Fishman told CNBC.

  • Travelers Profit Drops as Hurricane Sandy Takes Toll Tuesday, 22 Jan 2013 | 8:43 AM ET

    The super storm that ravaged swaths of the northeast in November buffeted Travelers earnings, as the company reported sharply lower fourth quarter earnings.

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