BIRMINGHAM, Ala. _ Infinity Property and Casualty Corp. on Thursday reported fourth-quarter net income of $21.4 million. Infinity Property and Casualty expects full-year earnings in the range of $4 to $4.50 per share. Infinity Property and Casualty shares have declined slightly more than 1 percent since the beginning of the year.» Read More
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.
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.
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.
The super storm that ravaged swaths of the northeast in November buffeted Travelers earnings, as the company reported sharply lower fourth quarter earnings.