CNBC Utilities Page Catastrophe

  • Jan 22- Insurer Travelers Cos Inc reported better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. U.S. property and casualty insurers have been grappling with losses arising from the California wildfires and Hurricane Michael in October, the...

  • Jan 22- Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. U.S. property and casualty insurers have been grappling with catastrophe losses arising from the California wildfires and Hurricane Michael in...

  • Jan 22- Property and casualty insurer Travelers Cos Inc reported a 13 percent rise in fourth-quarter profit on Tuesday, compared to a year earlier when it took a one-time charge related to a change in U.S. tax laws. Net income rose to $621 million, or $2.32 per share, in the fourth quarter ended Dec. 31, from $551 million, or $1.98 per share, a year earlier.

  • TLAHUELILPAN, MEXICO - JANUARY 19: Firefighters work to control the fire after an explosion in a pipeline belonging to Mexican oil company PEMEX on January 18, 2019 in Tlahuelilpan, Mexico. In a statement PEMEX announced that the explosion was caused by the illegal manipulation of the pipeline, minutes before the accident, some videos were shot where people could be seen filling drums, even car fuel tanks.  (Photo by Hector Vivas/Getty Images)

    Mexican President Andres Manuel Lopez Obrador said the attorney general's office will investigate an illegal pipeline tap in central Mexico that killed at least 71 people.

  • Jack Bogle

    Legendary investor Jack Bogle passed away at age 89 on Jan. 16th, 2019, and in his last interview with CNBC, he explained why timing markets never works. Bogle founded The Vanguard Group and invented the world's first index fund.

  • Here's what investing legend Jack Bogle may think of ETFs now

    CNBC's "Power Lunch" team is joined by Jason Zweig of the Wall Street Journal to discuss the legacy of late investing legend Jack Bogle.

  • Jack Bogle was a man with 'integrity' and 'common sense'

    CNBC's Tyler Mathisen and Bill Griffeth join 'The Exchange' to discuss Jack Bogle's legacy as the index fund pioneer.

  • Ariel CEO remembers Jack Bogle

    Ariel Investments Chairman and CEO John Rogers speaks with CNBC's "Squawk on the Street" on the death of Vanguard founder Jack Bogle.

  • Jan 17- Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California. Inverse condemnation is an old California rule that exposes the state's utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. BlueMountain said nearly two...

  • Bob Pisani lays out Jack Bogle's key investing insights

    Bob Pisani reflects on how Jack Bogle's legacy will live on in the markets.

  • Forty-two years after he founded Vanguard and nearly two decades after relinquishing the CEO spot the same year he had a heart transplant, Jack Bogle is still as outspoken as ever.

    CNBC's Jim Cramer reflects on how the late Jack Bogle changed the industry.

  • HEADLINE TK

    Speaking at the 2017 Berkshire Hathway investors meeting, Warren Buffett pays tribute to Vanguard founder Jack Bogle, who helped popularize the index fund. Buffett says Bogle helped investors by putting "tens and tens and tens of billions into their pockets."

  • Remembering legendary investor Jack Bogle

    CNBC's Tyler Mathisen and Jeff Sonnenfeld, Yale School of Management senior associate dean, join "Squawk Box" to remember the legendary Jack Bogle after his passing.

  • *Britain faces power supply crunch in 2020 s. *UK govt says will pursue alternative funding models. TOKYO/ LONDON, Jan 17- Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.

  • Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, speaks on a mobile phone during an interview in New York, U.S., on Wednesday, June 25, 2008. 

    CNBC's Becky Quick reports on Warren Buffett's thoughts about the passing of Vanguard Founder Jack Bogle. The Fast Money traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Mark Tepper, Dan Nathan and Guy Adami.

  • Vanguard Founder Jack Bogle dies at 89

    CNBC's Tyler Mathisen reports that Vanguard Founder Jack Bogle has passed away at the age of 89. The Fast Money traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Mark Tepper, Dan Nathan and Guy Adami.

  • Jan 15- PG&E Corp's chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes. The doctrine, known as "inverse condemnation,"...

  • Jan 14- PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.. PG&E, which provides electricity and natural gas to 16 million customers in...

  • PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion due to the fires, the company said. The most recent fire last November killed at least 86 people in the deadliest and most destructive...

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving a 15- day notice to employees to comply with California law. PG&E is reeling from the November Camp fire that swept through the California mountain community of Paradise and killed at least 86 people in the deadliest...