Insurance Property and Casualty Insurance

  • 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...

  • 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.

  • 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.

  • Risk

    Is your small business equipped to handle the next major storm? Here are some important steps to protect your company.

  • Signing legal document

    Life and "key man" insurance policies have special rules regarding suicide.

  • Brexit may pose risk to investment: CEO

    Hammerson CEO, David Atkins says the company has absolute confidence in delivering its dividend, while weighing in on how a "Brexit" could impact Hammerson.

  • Happy with Hammerson’s loan to value level: CEO

    Hammerson CEO, David Atkins explains why demand in the retail space is polarizing to the larger shopping centers, while discussing the firm’s earnings.

  • CapitaLand: We're realistic players in a long game

    Arthur Lang, CFO at CapitaLand, says even though China's short-term outlook is worrying, he is optimistic about the long-term underlying fundamentals.

  • Australia's largest landowner could be sold via crowdfunding

    Arthur Naoumidis, CEO at Domacom, says after the sale of S. Kidman and Co to Chinese investors was blocked, he saw the opportunity for the general public to buy Australia's largest landowner.

  • Should investors jump into Hong Kong equities?

    For medium to long-term investments, Hong Kong equities are attractive because of lower valuations, but in the short term it is difficult to tell if H-shares have bottomed, explains Paul Pong, MD at Pegasus Fund Managers.

  • Asians and Russians who actively bought property in London's wealthiest areas have deserted the market, the Financial Times reports.