The chief of California's state-run earthquake insurance agency says residents there have no financial protection if a big quake hits.» Read More
Jan 29- Property and casualty insurer Chubb Corp's quarterly operating profit rose 3.4 percent as premium income increased. The company's consolidated operating income rose to $544 million, or $2.29 per share, in the fourth quarter ended Dec. 31, from $526 million, or $2.07 per share, a year earlier. Chubb also approved a share buyback program of up to $1.3 billion.
WARREN, N.J. _ Chubb Corp. on Thursday reported fourth-quarter profit of $558 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share. Chubb expects full-year earnings in the range of $7.35 to $7.65 per share.
CINCINNATI— The owners of a $4 million suburban mansion that burned to the ground last year are suing their insurance company for almost $60 million, saying it didn't honor their claims. Court documents show homeowners Jeffrey and Maria Decker sued Chubb National Insurance Co. this month in Hamilton County Common Pleas Court. Chubb doesn't comment on claims...
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.
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Check out which companies are making headlines after the bell Thursday:
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
Earnings season is shifting into high gear in the final week of January, with six Dow Jones components, and more than a fifth of the S&P 500 companies reporting.
TheStreet.com details brief earnings previews for five major property and casualty insurers.