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Insurance Property and Casualty Insurance

  • Opening up marketplace on flood insurance

    CNBC's Morgan Brennan reports possible regulatory changes could open up the market for private insurers.

  • "What we're seeing is a deterioration in these markets, but the markets haven't imploded, they haven't gone into a rapid downward decline," said Dan Mendelson, president of the consulting firm Avalere Health. Some counties in Missouri, Ohio, Indiana and Washington will have none if another insurer fails to step in. The Blue Cross- Blue Shield insurer Anthem said...

  • LONDON, June 13- Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls, and insurers should consider this when pricing flood risk, Lloyd's of London said. Insurers should invest more in habitat conservation to reduce the risks from coastal floods, the report, by the...

  • How the UK election, Brexit affects the property industry

    Following the U.K. election result, Miles Gibson, head of UK research at CBRE, weighs in on what this may mean for the property sector.

  • Researchers expect 11 to 17 named storms this year, including five to nine hurricanes. Check off these to-do's before the storm hits.

  • Drones eye hurricane season for insurers

    CNBC's Morgan Brennan, reports insurers are using advanced technology to monitor and assess damage left in the wake of hurricanes and powerful tropical storms.

  • Researchers expect 11 to 17 named storms this year, including five to nine hurricanes. Check off these to-do's before hurricane season starts Thursday.

  • FRANKFURT, May 26- The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros, Axel Theis, Allianz board member responsible for global property and casualty insurance, told Reuters...

  • 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.

  • 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...