Insurance Property and Casualty Insurance

  • Uncertainty is hitting UK property: Northacre CEO

    Northacre CEO, Niccolo Barattieri di San Pietro talks about the state of the property market following the U.K.'s decision to leave the European Union.

  • Car driver

    More people are buying coverage that gives them discounts if they provide data on their driving performance.

  • Students participate in earthquake preparedness program

    Earthquakes are notoriously unpredictable. But new prediction models suggest we're in for a big one, but we don't know when.

  • Oct 20- Property and casualty insurer Travelers Cos Inc reported a 22.8 percent fall in quarterly net profit due to weaker underwriting. The company's net income fell to $716 million, or $2.45 per share, in the third quarter ended Sept. 30 from $928 million, or $2.97 per share, a year earlier. Gains from underwriting totaled $408 million, down 46.2 percent from a year...

  • Oct 18- Title insurer Stewart Information Services Corp said on Tuesday it would add four new directors to its board in a deal with activist investor Starboard Value LP. As part of the settlement with Starboard, Stewart Information's chief executive, Matthew Morris, and a new independent director, Clifford Press, will be appointed to the board, effective...

  • Oct 18- Title insurer Stewart Information Services Corp said on Tuesday it would add four new directors to its board, reaching a deal with activist investor Starboard Value LP. Stewart Information's chief executive, Matthew Morris, and a new independent director, Clifford Press, will be appointed to the board, effective immediately, the company said.

  • China's Fosun International Ltd took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty insurer Ironshore Inc that it did not already own. But in December 2015, one month after Fosun completed the acquisition, it was approached by officials at the Committee on Foreign Investment in the...

  • Heavy waves caused by Hurricane Matthew pounds the boat docks at the Sunset Bar and Grill, October 7, 2016 on Cocoa Beach, Florida.

    Hurricane Matthew, which cut a deadly swath across the Caribbean and sent Florida residents scrambling, has left behind billions in damages.

  • Brent Scurry of Lake City, South Carolina climbs a ladder to install window shutters at an ocean front home in anticipation of Hurricane Matthew in Garden City Beach, South Carolina, U.S. October 5, 2016.

    Property insurance is the last thing on people's minds when evacuating for a hurricane. Here are some key things to know about your policy.

  • Sompo Holdings said it will buy U.S. casualty insurer Endurance Specialty for $6.3 billion, the latest in a string of acquisitions by insurers.

  • Home insurance

    You've just paid up thousands on a home down payment. Here's an opportunity to save a few bucks as you close on your purchase.

  • Sept 27- Stewart Information Services Corp, one of the largest U.S. title insurers, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, two people familiar with the matter said. The settlement with Starboard would involve replacing four sitting directors of its nine-member board, including...

  • Aug 19- Jay Fishman, chairman and former chief executive of property and casualty insurer Travelers Cos Inc, died on Friday. Fishman, 63, disclosed in 2014 that he had a neuromuscular condition and that he might have been battling a variant of amyotrophic lateral sclerosis, commonly called Lou Gehrig's disease. Fishman became CEO of Travelers in April 2004 when...

  • **WASHINGTON- U.S. Treasury Federal Advisory Committee on Insurance holds open meeting in Washington to discuss the overall effectiveness of the terrorism risk insurance program, autonomous vehicles, implications of the recent UK referendum on membership in the European Union, and the impact of a low interest rate environment on the availability of...

  • Aug 5- Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. Net income for Omaha, Nebraska- based Berkshire rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or $2,442,...

  • *Takes writedown of 352 mln eur on Korea unit sale. FRANKFURT, Aug 5- German insurer Allianz's net profit fell by half in the second quarter, hit by higher damage claims, the sale its South Korean business and weaker investment performance. Europe's largest insurer took a 352 million euro hit to net profit from the expected sale of its businesses in South Korea, which...

  • 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.

  • 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.

  • 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.