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Insurance Property and Casualty Insurance

  • How to recover from Stella

    Sheldon Yellen, Belfor Holdings CEO, discusses how to prepare and recover from snowstorms like Stella.

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock plans to step down, a move that comes more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback to...

  • *Fundraising would buy time ahead of planned IPO in China. HONG KONG, March 6- Zhong An Online Property and Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan, ahead of a planned initial public offering in mainland China, according to four people with direct knowledge of the matter.

  • Feb 27- American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. AIG's net loss widened to $3.04 billion, or $2.96 per share, in the fourth quarter ended Dec. 31, from...

  • Feb 27- American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. Fifteen directors are expected to debate on various potential actions at a board meeting in...

  • Winter storm insurance

    CNBC’s Kelli Grant explains how you can make sure your homeowners’ insurance is ready to weather the cold.

  • *Proposes 12- mth share buyback of up to 3 bln euros. ZURICH, Feb 17- Allianz played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals. The Munich- based group said it would return up to 3 billion euros to shareholders, but made clear this did not exclude the possibility...

  • Feb 14- American International Group Inc, the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly loss, largely due to a $5.6 billion reserve charge to cover possible future claims. AIG's net loss widened to $3.04 billion, or $2.96 per share, in the fourth quarter ended Dec. 31, from $1.84 billion, or $1.50 per share,...

  • The plan by Washington- based SmarterSafer.org calls for the National Flood Insurance Program, to use cutting-edge technology that would more precisely determine flood-prone areas, and to price flood insurance premiums in accordance with those specific risks. The program, operated by the Federal Emergency Management Agency, is $24.6 billion in debt to the...

  • The weak auto results will weigh on investor sentiment for more than just a day, Deutsche Bank Market Research analyst Joshua Shanker said in a note. The insurer said its net income rose 8.9 percent to $943 million, or $3.28 per share, in the fourth quarter ended Dec. 31. On an operating basis, the company earned $3.20 per share, beating analysts' average estimate of...

  • OTTAWA, Jan 17- Canada's housing agency said on Tuesday it will increase its homeowner mortgage loan insurance premiums in a move that makes it marginally more expensive for borrowers to buy a home but should not materially affect the housing market. The move will add about C $5 to the average monthly mortgage payment, the Canada Mortgage and Housing...

  • NEW YORK, Jan 15- Twice a day, Scott Ozawa's Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. "It's not expected today, but in the near future it will be used to penalize people," said Mitchell Wein at Novarica Inc, who advises clients on insurance technology. Insurers recognize the dangers but consumers have nothing to fear,...

  • NEW YORK, Jan 15- Twice a day, Scott Ozawa's Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. "It's not expected today, but in the near future it will be used to penalize people," said Mitchell Wein at Novarica Inc, who advises clients on insurance technology. Insurers recognize the dangers but consumers have nothing to fear,...

  • Jan 9- The U.S. Federal Housing Administration will reduce the annual premiums on mortgage insurance on home loans the agency insures by a quarter point on Jan. 27, it said on Monday. The lower premiums will come after mortgage rates recently hit their highest levels in over two years and the FHA's Mutual Mortgage Insurance Fund has been recovering from the hit it...

  • Although it's important to have insurance to protect against risk, there is a cost — not just in dollars — to carrying too much coverage.

  • Dec 21- New York Governor Andrew Cuomo on Wednesday issued a regulation making it easier for businesses to hire former convicts by prohibiting insurance companies from refusing coverage for crime-related losses caused by employees. The regulation, the first of its kind in the United States, will help New York businesses obtain so-called commercial crime...

  • Allstate said it would buy SquareTrade for about $1.4 billion from a group of shareholders that include Bain Capital.

  • Nov 28- Property and casualty insurer Allstate Corp said on Monday it would buy SquareTrade Holding Co Inc for about $1.4 billion from a group of shareholders that include Bain Capital. San Francisco- headquartered SquareTrade's customers include major retailers such as Amazon.com Inc, Costco Wholesale Corp, Sam's Club, Target Corp, Staples Inc, Office Depot...

  • Nov 28- Property and casualty insurer Allstate Corp said on Monday it would buy SquareTrade Holding Co Inc for about $1.4 billion in cash from a group of shareholders that include Bain Capital.

  • Couple doing paperwork

    Most people know they need home, auto and health insurance, but confusion arises with non-required coverage, such as long-term care.