HONG KONG, May 3- Fosun International Ltd, an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to...» Read More
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.
Christmas gifts like trampolines, treehouse kits and certain breeds of puppies will please the kids, but cause homeowner's insurance agents to cringe.
For now, insurance companies will continue to increase their cash reserves and invest some of that money into stock buybacks, dividend increases and acquisitions. That will keep it one of the most sought-after sectors by investors. TheStreet.com reports.
Scott Russell, Head of Insurance Research, Asia, Macquarie says the Chinese property & casualty space is performing better than life insurance. He is positive on PICC's debut in Hong Kong, but prefers its subsidiary PICC P&C.