Insurance Property and Casualty Insurance

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  • Alina Nurieva (R) sits with Gabriela Cisneros, an insurance agent from Sunshine Life and Health Advisors, as she picks an insurance plan available in the third year of the Affordable Care Act at a store setup in the Mall of the Americas in Miami, Florida.

    Raising your deductible can cut homeowners' insurance premiums, but many Americans can't afford the extra risk.

  • Probably will get a BoE rate cut tomorrow: Pro

    Bob Parker, senior advisor of investment, strategy & research at Credit Suisse, gives his expectations for British housebuilders and what particular economic measures may be introduced in the U.K.

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • What’s wrong with Britain’s property market?

    There’ve been many conflicting views about where U.K. housing is headed, but given political uncertainty and mixed economic data, what’s the real forecast? CNBC’s Gemma Acton discusses.

  • June 7- Oklahoma regulators faced with a surge in small earthquakes linked to oil and gas production ruled on Tuesday that the state's market for earthquake insurance was not competitive, saying prices charged to consumers were "excessive" after recent rate hikes. As a result of the ruling, insurance companies will be required to submit proposed changes to...

  • OKLAHOMA CITY, May 24- Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At a public hearing on the rate hikes, Oklahoma Insurance Commission...

  • Demand will fall off quickly if Brexit: Land Securities CEO

    Land Securities CEO, Robert Noel explains why a vote to leave the European Union would be painful for the British property industry.

  • Below is a summary of changes insurance companies have made in the state in recent years, based on Oklahoma Insurance Commission filings:. Company Date Action Armed Forces Aug 8, 2014 Increases earthquake premiums by 1- 3 cents per Insurance $1,000 of coverage. Chubb Ltd Dec. 19, Increases earthquake premiums to $0.33 per $1,000 2014 of coverage from $0.30.

  • OKLAHOMA CITY, May 12- As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages of documents from the Oklahoma Insurance Commission reviewed by Reuters show that insurers and...

  • Alberta's premiere, Rachel Notley, will lead local officials and media on an inspection of Fort McMurray, whose 88,000 inhabitants fled the blaze that broke out on May 1. Canada's largest property and casualty insurer Intact Financial Corp expects to suffer losses ranging from C $130 million to C $160 million from the wildfire. Previous analysts' estimates,...

  • TORONTO, May 4- A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources say. The fire in Slave Lake, a small town 250 km northwest of the city of Edmonton, led to the destruction of 374 homes, less than a...

  • *Several other foreign banks have cut China exposure recently. HONG KONG, April 30- American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG is offering 740 million PICC P&C shares in an indicative price range of HK $13.06-...

  • HONG KONG, April 30- American International Group is offering about $1.2 billion worth shares in China's PICC Property and Casualty Co Ltd in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG is offering 740 million PICC shares in an indicative range of HK $13.06- HK $13.35 each, an up to 8 percent discount to PICC's Friday close, the term sheet...

  • April 21- Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Two-thirds of those losses came from two severe storms in Texas in March, the company said. Texas was hit by several storms in March, including tornadoes that toppled power...

  • April 21- Property and casualty insurer Travelers Cos Inc reported a 17 percent fall in quarterly net profit on Thursday as catastrophe losses nearly doubled, mainly due to hail storms in Texas in late March. Travelers, a Dow-30 component, said its catastrophe losses jumped to $318 million, net of reinsurance, in the quarter ended March 31 from $162 million a year...

  • Vehicles are left stranded on Interstate 45 in Houston, Texas on May 26, 2015.

    Travelers reported a 17 percent drop in profit on Thursday as catastrophe losses nearly doubled, mainly due to hail storms in Texas in late March.

  • April 21- Property and casualty insurer Travelers Cos Inc reported a 17 percent fall in quarterly net profit on Thursday as catastrophe losses nearly doubled, mainly due to hail storms in Texas in late March. The company's net income fell to $691 million, or $2.30 per share, in the first quarter ended March 31 from $833 million, or $2.55 per share, a year earlier.

  • Downpayment protection for skittish homeowners

    CNBC's Diana Olick looks at a new product from ValueInsured aimed at protecting homeowners' downpayment from falling home prices; and speaks with Joe Melendez, ValueInsured CEO, and Barry Zigas, Zigas & Associates LLC founder.

  • March 30- AIG's mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business. Morgan and Morgan Stanley are among those underwriting the IPO, the company said in a preliminary prospectus filed with the U.S. Securities and Exchange...

  • March 30- Insurer Chubb Ltd said on Wednesday it has added coverage to help U.S. victims of cyber bullying pay for costs, including mental health treatment, legal expenses and lost wages. Last year an article in the medical journal JAMA Pediatrics reported that about a quarter of U.S. adolescents had experienced cyber bullying through social media,.