×

Insurance Property and Casualty Insurance

  • NEW YORK/ LONDON, May 19- Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry", insurers say. Cyber insurance can be expensive to buy and is not widely used outside the United States, with one insurer previously...

  • ZURICH, May 18- Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. Insurers are racing to hone the benefits of technological advancements such as big data and AI as tech-driven startups, like Lemonade Inc, enter the market.

  • ALBANY, N.Y.— New York state is moving to restrict the ability of auto insurers to use a customer's job or education to set premiums. Andrew Cuomo announced the proposed regulation Tuesday. The New York Public Interest Research Group hailed the move.

  • AMERICAN INTERNATIONAL GROUP HAS SIGNED DEAL WITH UNITED AIRLINES INC TO PROVIDE GLOBAL TRAVEL INSURANCE- WEBCAST.

  • *Pimco achieves net inflows of 21 bln euros. FRANKFURT, May 12- German insurance group Allianz on Friday reported rising investment inflows at bond fund manager Pimco and stuck to its operating profit target for 2017.. Pimco had experienced several years of cash withdrawals in some of its main funds, including its flagship Pimco Total Return Fund.

  • May 10- Lemonade Inc, a tech-driven insurance startup that promises renters and homeowners insurance in as little as 90 seconds and payment of claims in 3 minutes, has won approval from California regulators to sell policies in the state, the company said. The insurer's foray into California, the most populous U.S. state, comes amid the company's push to become...

  • NEW YORK, May 3- The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some of the largest players this week. A single hailstorm in Texas cost Allstate over $250 million during the quarter, Chief Executive Tom Wilson said in an...

  • NEW YORK, May 3- The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some of the largest players this week. A single hailstorm in Texas cost Allstate over $250 million during the quarter, Chief Executive Tom Wilson said in an...

  • AIG reported operating earnings of $1.37 billion, or $1.36 per share, compared with $765 million, or 64 cents per share, in the year-ago quarter. That easily beat Wall Street's average estimate of $1.08 per share, according to Thomson Reuters I/B/E/S. The New York- based insurer, which is the largest U.S. underwriter of commercial property and casualty policies,...

  • NEW YORK, May 2- When my 8- month old puppy nabbed a chicken thigh bone off a plate and swallowed it whole, I was worried about many things, but the veterinarian bill was not one of them. Standing at the front counter at the emergency clinic that Sunday night, with my children tearing up next to me, I was presented an estimate of $1,500 for manual extraction- which would...

  • NEW YORK, May 2- When my 8- month old puppy nabbed a chicken thigh bone off a plate and swallowed it whole, I was worried about many things, but the veterinarian bill was not one of them. Standing at the front counter at the emergency clinic that Sunday night, with my children tearing up next to me, I was presented an estimate of $1,500 for manual extraction- which would...

  • NEW YORK, May 2- When my 8- month old puppy nabbed a chicken thigh bone off a plate and swallowed it whole, I was worried about many things, but the veterinarian bill was not one of them. Standing at the front counter at the emergency clinic that Sunday night, with my children tearing up next to me, I was presented an estimate of $1,500 for manual extraction- which would...

  • NEW YORK, May 2- When my 8- month old puppy nabbed a chicken thigh bone off a plate and swallowed it whole, I was worried about many things, but the veterinarian bill was not one of them. Standing at the front counter at the emergency clinic that Sunday night, with my children tearing up next to me, I was presented an estimate of $1,500 for manual extraction- which would...

  • *Asia non-life distribution deal could be worth at least $500 mln. *Deal will be one of the largest in Asia. The multi-year, bancassurance deal for products such as motor, property and travel insurance, will be one of the largest of its kind in the region, and give insurers access to 15 million customers of Citibank in 12 markets including Singapore, Hong Kong, China,...

  • 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.