QBE Insurance Group, Australia's biggest insurer by premium income, announced plans to partially float its mortgage insurance business and a $750 million.» Read More
July 30- Home and auto insurer Allstate Corp reported a 49 percent jump in quarterly profit as costs fell and the company earned more premiums. On an operating basis, Allstate reported earnings of $1.01 per share. Premiums earned at Allstate's property-liability division rose about 5 percent to $7.20 billion.
Though sales of cyber-insurance are a fraction of the $1.1 trillion in total premiums, experts see the number growing exponentially.
Investors are placing bets on how the second half of 2014 will unfold. Here are their picks.
From Jobs and Trump to Ellison and Page, here are some examples of wealthy execs who became embroiled in battles with their neighbors.
April 24- Property and casualty insurer Chubb Corp reported a weaker-than-expected first-quarter profit, hurt by higher catastrophe losses related to severe winter in the United States. On an operating basis, Chubb earned $1.50 per share, below analysts' average estimate of $1.56 per share, according to Thomson Reuters I/B/E/S.
April 24- Property and casualty insurer Chubb Corp reported a 32 percent fall in first-quarter profit, hurt by higher catastrophe losses related to the severe winter in the United States. The company's net income fell to $449 million, or $1.80 per share, for the quarter ended March 31, from $656 million, or $2.48 per share, a year earlier.
NEW YORK, April 8- New York state's top insurance regulator has sent subpoenas to four U.S. insurance companies as part of a probe of potential sanctions violations involving Iran, a person familiar with the matter said on Tuesday.
Companies making headlines after the bell Thursday.
Adjusting to a world with less Fed liquidity has created pain in those markets with current account deficiencies, weak currencies and inflation.
I niche insurance program operates under the premise that it is cheaper to defend wealthy homes against fire than to replace them.
Wary of rising rates, stock traders will keep an eye on the bond market Thursday as another wave of earnings reports roll in.
Major flooding hit Colorado, Virginia and Pennsylvania in the U.S. yesterday, and China saw its worst flooding in 50 years in the southwestern part of the country.
Traders will be listening for clues about possible tapering off of quantitative easing when two Fed presidents speak later on Tuesday.
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.
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.
Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
NEW YORK, Oct 31- The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don't have Internet service? State Farm says as of Tuesday evening, it had logged 6,000 homeowners policy claims, and 900 car claims.