LANSING, Mich.— A divided state Senate approved revisions Thursday to Michigan's auto insurance law that backers said would curtail costs in the only state to require unlimited medical benefits for those severely injured in crashes and that opponents warned wouldn't guarantee rate relief. "The best approach to bringing down insurance rates in Michigan is to...» Read More
Oct 29- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums. Allstate's net income available to common shareholders rose to $750 million, or $1.74 per share, in the third quarter ended Sept. 30, from $310 million, or 66 cents per share, a year earlier.
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.
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.
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.