"Investors and certified analysts are trying to figure out how much underlying margins will shrink, going forward," Amit Kumar, an analyst at Macquarie Research, told Reuters. Insurers have also been hit by claims stemming from hail storms in Texas, earthquakes in Japan and Ecuador and floods in Europe during the quarter. Pre-tax catastrophe losses, net of... » Read More
Japan had a fighting chance in reviving its faltering economy after the March 11 earthquake but its politicians have failed to take hold of that opportunity, an analyst told CNBC on Friday.
Thailand announced a five-day holiday on Tuesday to give people the chance to escape floods closing in on Bangkok as the prime minister warned that the capital could face an inundation of 1.5 metres (nearly five feet) of water if barriers collapsed.
Thai Finance Minister Thirachai Phuvanatnaranubala tells CNBC he is confident the Thai economy could still achieve GDP of 2% despite the floods.
Following the devastating earthquake in New Zealand earlier this year, CNBC's Christine Tan speaks to Jonathan Ling, CEO of Fletcher Building about the rebuilding process.
Small amounts of plutonium believed to have escaped from Japan’s tsunami-crippled nuclear plant have been detected in soil more than 40km away, say government researchers, a finding that will fuel already widespread fears about radiation risk. The FT reports.
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.
Standing in the living room of their house, now full of mud, slime and debris, Helen and Peter Kelly cannot believe that Congress is bickering over disaster aid to people like them. The New York Times reports.
In a rebuke to GOP leaders, the House on Wednesday rejected a measure providing $3.7 billion for disaster relief as part of a bill to prevent a government shutdown at the end of next week.
Despite opposition from Democrats and some tea party Republicans, the GOP-controlled House on Wednesday took up $3.7 billion in disaster relief as part of a bill to avert a government shutdown at the end of the month.
Brian Kelly of Kanundrum Capital said there are three reasons oil prices could go higher.
Currency intervention gains steam, economic reports lose it - it's time for your FX fix.
Some analysts believe the euro could be heading to a new lower range, as Europe grapples with its peripheral debt crisis.
Following the catastrophic earthquake in Japan on March 11, 2011, affected companies – including my own – have taken a fresh look at the way they manage risk. And for good cause.
A tsunami warning is in effect for parts of the Aleutian Islands of Alaska after a 7.1-magnitude earthquake was recorded in the ocean.
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.
On the fence about a Labor Day getaway? There was some hope falling gas prices were going to inspire Americans to squeeze in one last trip before the summer ended. But that was before Hurricane Irene.
Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
Not since the grim period after World War II has Germany had significant blackouts, but it is now bracing for that possibility after shutting down half its nuclear reactors practically overnight. The New York Times reports.
Get ready for a bunch of demand-side economists to tell you that the post-Hurricane Irene rebuilding phase is actually a good thing for future economic growth. But don’t believe it. Who has it right?
There is no question that Hurricane Irene will have an impact on quarterly results, Dave Berger, president and CEO of JetBlue Airways, told CNBC Monday.