I niche insurance program operates under the premise that it is cheaper to defend wealthy homes against fire than to replace them.» Read More
It's still an open question whether stocks are heading into an extended bear market or if the severe pullback this summer from the highs in late April is a just correction phase in a larger bullish pattern.
Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday.
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.
With more than 50 million people potentially in Hurricane Irene's path, residents along the US east coast stocked up on food and water and worked to secure homes, vehicles and boats.
Hurricane Irene is expected to cause billions of dollars in damage in 14 states along the eastern U.S. seacoast, but property/casualty insurance companies are not expected to see much of a hit from damage claims.
At this run rate, we're not going to do 8-10 billion shares in total volume in NYSE stocks, like we have recently. But we will do well north of 5 billion, still better than the roughly 3.8 billion on a typical day.
What follows is a roundup of corporate earnings reports for Thursday, April 21.
What follows is a roundup of corporate earnings reports for Thursday, Jan. 27.
Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
More companies are expected to raise their dividends come 2011, and the increases should be bigger, says Howard Silverblatt, Senior Index Analyst at S&P Indices.
The National Flood Insurance Program is one big hurricane away from costing U.S. taxpayers billions of dollars. Experts say unless Congress makes some much needed changes to the program, taxpayers will find themselves footing the bill for another major disaster.
What follows is a roundup of corporate earnings reports for Thursday, Oct. 21.
Headlines on jobless claims and the Philadelphia Fed survey compete with a rush of earnings news Thursday.
Armed with an account on Facebook, Twitter or any other social media site out there - an unhappy customer can savage a company's good name and reputation. One bad experience with the service call center can become the focus of an emergency Board of Directors meeting.
Wall Street investors are desperate for signs to confirm the recent rally. Should the action in copper give you new confidence in the market?
The Chubb Corp. hit a 52-week high but is the wind about to blow the other way on insurance stocks as hurricanes come rolling in? Brian Meredith, managing director at UBS shared his insights.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Last week's second Hindenburg Omen occurrence only intensified concerns many investors have about the current state of the stock market. It's believed that two Hindenburg Omen occurrences within a 30-day period can trigger this type of disaster in the stock market. ...A report from TheStreet.
Hersh Cohen, the manager of Legg Mason ClearBridge Equity Income, who has been investing in dividend stocks for four decades, is finding some of the biggest bargains of his career.