*Paris businesses likely to make successful insurance claims. PARIS/ LONDON, Nov 24- Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in New York. The carnage in Paris could spur demand for insurance against terrorism, as...» Read More
Bond insurer MBIA and Bank of America have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, the companies said on Monday.
Insurers know that extreme weather has become the new normal but a new survey says that many firms are not prepared for future super storms.
Whether your car insurance carrier charges you more depends on your age, recent driving record and even your credit score. Here's what you should know.
Christmas gifts like trampolines, treehouse kits and certain breeds of puppies will please the kids, but cause homeowner's insurance agents to cringe.
As more people in China get wealthier, many are looking for ways to better protect their health and belongings. CNBC's Eunice Yoon takes a look at the state of insurance in China.
Allstate Chairman, President & CEO Thomas Wilson, discusses his take on the fiscal cliff negotiations, and the $1.1 billion costs his company faces after Hurricane Sandy.
U.K. insurance group Lloyd’s of London, which comprises nearly 90 syndicates, reported an interim profit of 1.53 billion pounds ($2.48 billion) for the first six months of the year after a lack of major claims from natural catastrophes.
These are critical moments for the company. The $440 million trading loss they announced this morning likely wiped out all the cash on the balance sheet, and they need cash to keep the company running.
Aviva is exposed to Ireland, Spain and Italy because it has large life insurance businesses there, Andrew Moss, Aviva CEO, told CNBC. He added that overall, he was comfortable with these exposures.
The UK should find the right balance between risk and safety, or risk a hemorrhaging of business out of London, Lord Peter Levene, chairman of insurance giant Lloyd's of London chairman warned in a speech late on Tuesday.
Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.
In spite of gloomy news about housing coming from virtually all directions, a new survey reveals that 70 percent of Americans would advise friends and family to buy a house, Thomas Wilson, CEO and chairman of the insurance company Allstate Corporation, told CNBC Friday.