*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.» Read More
CNBC's Mary Thompson reports on the impact deadly storms in the Midwest are having on insurance stocks.
NBC's Lester Holt has the story on the deadly tornadoes ripping through the Midwest during the weekend, leaving a path of destruction and killing dozens.
KNTV's Scott Budman reports tornadoes have touched down in Alabama, Tennessee, and Indiana, killing three people in southern Indiana; Citi's chairman, Dick Parson is stepping down from the board after sixteen years; GM is halting production of the Volt for five weeks due to slow production; and shares of online review site, Yelp, soared 64% in its first day of trading.
The Weather Channel's Jim Cantore has the details on violent weather sweeping across the south and midwest.
CNBC's Bertha Coombs reports GOP presidential candidate, Rick Santorum says he might not be a better businessman, but he'll make a better president; the Midwest is still reeling from deadly tornadoes; and AT&T says it is capping its data plans on 3G and 4G smartphones, and will now charge penalities to data hogs.
Nine people are confirmed dead after a strong line of tornadoes hit in the Mid-West. The Weather Channel's Mike Bettes, reports live from Branson, Missouri.
A powerful storm system that produced multiple reports of tornadoes lashed the Midwest early Wednesday, roughing up the country music resort city of Branson and laying waste to small towns in Illinois and Kansas. At least 13 people were killed.
CNBC's Kayla Tausche has a look at how the industry is reacting to the latest natural disasters.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.
CNBC's Bertha Coombs looks at the impact of Irene on the Port of Balitimore, one of the largest on the East Coast. NJ Transit announces it will not operate Monday. Also, CNBC's Darren Rovell looks at the impact on the economy of Montauk, a haven for the rich and famous on Long Island. Ron Pohl, sr. vp, Best Western International, talks about how Irene has affected his company's revenue and possibly, earnings. And Scott Durchslag, Expedia Worldwide, talks about the impact on the overall travel industry.
Irene is the country's tenth multi-billion-dollar disaster this year. CNBC's Brian Shactman looks at the impact the blizzards, tornadoes, and now hurricanes, have had on the insurance industry in the U.S. Chuck Watson, Kinetic Analysis Corporation, discusses the dollar damages face by insurance companies, and how they've worked to mitigate losses. The storm, it turns out, was not nearly as bad as was expected.
New York City Mayor Michael Bloomberg discusses the aftermath of Hurricane Irene and when things will be back to normal, with CNBC's Tyler Mathisen.
CNBC's Bob Pisani, Sharon Epperson and Paul Walsh, The Weather Channel discuss how business will be back in order after the storm.
CNBC's Phil LeBeau has the details on airlines in the process of preparing to move planes back to the Northeast, CNBC's Sharon Epperson has the update on oil and gas refineries shut down for safety concerns, Bob Pisani & Bertha Coombs take a look at the storm floods and damage in lower Manhattan and Baltimore; and insight on whether Wall Street will be back to normal tomorrow, with Dan Dicker, TheStreet.com and Rich Ilczyszyn, MF Global.
CNBC reporters Darren Rovell, Kayla Tausche, Mary Thompson, and Brian Shactman take a look at the damages and impact from the storm.
New Jersey governor Chis Christie has the update on the damage caused by the storm.
Todd Gross, meteorologist, tracks the storm and CNBC's Bob Pisani takes a look at whether markets will be open tomorrow.
The New York area airports and MTA are closed, reports CNBC's Darren Rovell; and a look at how the markets and oil will be impacted, with Scott Nations, NationShares and Dan Dicker, TheStreet.com.
CNBC's Sharon Epperson has the story on how refineries have shut down during the storm and the costs behind it, and FEMA officials announce relief efforts after the storm.
Christine Tezak, Baird senior energy & environmental policy analyst, weighs in on the nation's power grid and whether the replacement cycle and newness of the system will help in the long-term; Sino Forest CEO steps down reports CNBC's Herb Greeneberg, and Tom Hendricks, Air Transport Association explains the current situation in airports as they try to resume operations.