Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?» Read More
Investors will soon have earnings to add to their watch list, but unlike interest rates and energy prices they may yield a positive surprise. Though interest rates and subprime worries have rattled stocks lately, corporate profits will also be closely watched in the coming weeks. And many market pros think that--like the first quarter--the results will come in above unrealistically low forecasts.
A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and our guests must quickly come up with smart trades. Could you do it?
Allstate, the largest publicly traded home and car insurer in the United States, said it would no longer offer new homeowner and landlord coverage in California.
Allstate Chief Financial Officer Dan Hale said the insurer continues to reduce its exposure to homeowner policies in Florida following the effort by the state to reduce premium costs.
Allstate, the largest publicly traded car and home insurer in the U.S., said on Wednesday that net income rose 5% in the first quarter, helped by an increase in auto policies.
Allstate Insurance must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided Monday in a case that hinged largely on whether it was Katrina's winds or storm surge that wiped out his house.
The insurer was expected to post fourth-quarter earnings of $1.84 a share, according to a Thomson Financial consensus estimate, up from $1.49 last year.
State Farm, the largest U.S. home insurer, said it is close to settling hundreds of lawsuits over its payments for homes wrecked by Hurricane Katrina along the Mississippi Gulf Coast.