Sept 8- Property and casualty insurer State Auto Financial Corp said on Friday it was considering options for its excess and surplus lines business, including a sale. The E&S business comes under specialty insurance, the smallest among the Columbus, Ohio- based company's three units. State Auto, which has a market valuation of about $981 million, said it had...
Sept 8- Property and casualty insurer State Auto Financial Corp said on Friday it was considering options, including a sale, for its Excess and Surplus Lines business.
CNBC's Morgan Brennan takes a look at insurance companies that are beginning to underwrite flood insurance coverage for homeowners.
Kenneth Feinberg, Victims Compensation administrator, provides insight to the three ways insurance claims and donations are handled after a disaster.
Historical models suggest that Irma's price tag could hit $125 billion should a Category 4 Hurricane strike Miami directly.
Evan Greenberg, Chubb chairman & CEO, talks about handling the enormous task of processing claims from Hurricane Harvey.
LONDON, Sept 6- Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in the shipping industry. Shaun Crawford, EY's global insurance leader, said the 400- year-old marine insurance sector was one of the...
Sept 5- Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas. Floridas private flood insurance market represents a tiny sliver of all flood policies in the state, but if a hurricane does hit Florida later this week,...
Barclays research is predicting that Hurricane Irma's insured damage in Florida could top that inflicted by Hurricane Katrina in 2005.
Stock prices of Florida home insurers plunge after Hurricane Irma strengthened to a Category 5 storm.
Randy Binner, FBR Capital Markets talks about the economic loss from Harvey, and the impact on insurers, autos and the likely government tab.
College students often, but aren't always, covered under their parents' homeowners insurance policies. Watch out for these gaps.
Roy Wright, FEMA deputy associate administrator and National Flood Insurance Program (NFIP) director, discusses the volume of insurance claims from Harvey recovery and the likelihood that the program will be reauthorized.
Loretta Worters, Insurance Information Institute, talks about the economic impact of Hurricane Harvey on homeowners, and the importance of having flood insurance no matter where people live.
CNBC's Morgan Brennan takes a look at preliminary data on flood damage and the economic impact of Hurricane Harvey.
The properties affected by flooding reflect market value, not damage estimates.
WASHINGTON, Aug 30- Krassi Nikov evacuated his Houston home with more than 2 feet of water inside of it on Tuesday after Tropical Storm Harvey devastated Texas' Gulf Coast. Congress will soon be asked to renew the National Flood Insurance Program, which expires at the end of September. Wright said he was confident Congress would reauthorize the program, but he...
WASHINGTON, Aug 30- Krassi Nikov evacuated his Houston home with more than 2 feet of water inside on Tuesday after Tropical Storm Harvey devastated Texas' Gulf Coast. Congress will soon be asked to renew the National Flood Insurance Program, which expires at the end of September. Wright said he is confident Congress will reauthorize the program, but he added that...
Our data partners at Kensho reporting on what happens to the property and casualty insurers after a major hurricane when bought when the storm hits and sold two months later the index outperforms the S. and P. rising on average six point forty-five percent since 1990. The S&P 500 oil and gas sector after a hurricane hits Texas, however, falls three weeks after the event, down four point fifty-five percent. It's happened 13 times since 1990
WASHINGTON, Aug 30- The government-run U.S. flood insurance program had already received 35,000 claims as of noon on Wednesday as a result of catastrophic flooding in Texas, according to the program's director.