Property and Casualty Insurance Carriers
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HSBC sells insurance units in Asia, South America
Mar 06, 2012 23:39 EST
Banking giant HSBC said it has agreed to sell its general-insurance businesses in Hong Kong, Singapore, Argentina and Mexico for around $914 million.
Analysis: 2012 starts with bad weather signs for insurers
Jan 12, 2012 15:14 EST
BOSTON (Reuters) - Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in northern Europe. Sound familiar?
Allstate profit sinks on disaster losses
Oct 31, 2011 16:58 EDT
(Reuters) - Allstate Corp <ALL.N> posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters.
Catastrophe losses weigh on Loews
Oct 31, 2011 08:01 EDT
(Reuters) - Loews Corp <L.N>, run by the billionaire Tisch family, posted quarterly earnings below analysts' estimates for the third time in a row, hurt by a fall in its investment income and higher catastrophe losses at its biggest holding CNA Financial <CNA.N>.
Nationwide to buy Harleysville for $760 million
Sep 29, 2011 09:55 EDT
(Reuters) - Nationwide Mutual Insurance Co <NMUIC.UL> said it will acquire Harleysville Group <HGIC.O> for $760 million to expand its reach in commercial insurance lines of business.
State Farm pay $5 billion to cover weather damages
Sep 25, 2011 15:11 EDT
(Reuters) - State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes -- damage to cars, homes and other property so far this year -- the largest U.S. insurer of homes and cars said on Sunday.
Insurers escape Irene's wrath, economy does not
Aug 31, 2011 15:40 EDT
NEW YORK (Reuters) - Hurricane Irene may heap billions of dollars of extra costs on the already fragile U.S. economy, but insurance companies are likely to emerge relatively unscathed.
Irene losses less than once feared
Aug 29, 2011 19:03 EDT
NEW YORK (Reuters) - Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said on Monday, affirming the insurance industry's suspicion the impact was not as bad as feared.
Irene losses less than once feared
Aug 29, 2011 19:03 EDT
NEW YORK (Reuters) - Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said on Monday, affirming the insurance industry's suspicion the impact was not as bad as feared.
Irene losses less than once feared
Aug 29, 2011 19:03 EDT
NEW YORK (Reuters) - Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said on Monday, affirming the insurance industry's suspicion the impact was not as bad as feared.
Allstate sues Goldman over mortgage debt losses
Aug 15, 2011 17:54 EDT
NEW YORK (Reuters) - Allstate Corp <ALL.N> on Monday sued Goldman Sachs Group Inc <GS.N>, accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.
Insurance Coverage for Your College Student
Jul 24, 2011 20:00 EDT
Find out whether your homeowner's policy will cover your child's stuff while he is at school and what to do about car insurance while he's gone.. Find out whether your homeowner's policy will cover your child's stuff while he is at school and what to do about car insurance while he's gone.
Competition pushing rates down for cyberinsurance
Jul 20, 2011 16:35 EDT
NEW YORK (Reuters) - Rates for cybersecurity insurance edged lower in the last few months despite surging demand, as heavy competition brewed among insurers rushing into the market in search of the next profitable product, insurance brokers Marsh said on Wednesday.
Tornadoes and interest rates to hit insurers' results
Jul 18, 2011 16:51 EDT
NEW YORK/BANGALORE (Reuters) - It's a rough time to be an insurer, and investors looking at quarterly earnings will be focusing mostly on a single question: How long will the pain last.
Allstate Q2 disaster losses total $2.3 billion
Jul 13, 2011 10:51 EDT
NEW YORK (Reuters) - Allstate Corp <ALL.N> suffered catastrophe losses of $2.3 billion in the second quarter, its worst disaster hit in six years, the largest publicly traded U.S. home and auto insurer said on Wednesday.
Allstate April-May catastrophe losses total $2 billion
Jun 16, 2011 09:48 EDT
NEW YORK (Reuters) - Allstate Corp <ALL.N>, the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May from severe tornadoes and thunderstorms, nearly equaling its catastrophe losses for all of 2010.
Travelers to post loss, slow buybacks after storms
Jun 10, 2011 10:44 EDT
NEW YORK (Reuters) - Travelers Cos Inc <TRV.N> is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion in catastrophe losses, the property insurer said on Friday.
Allstate puts its April storm losses at $1.4 billion
May 12, 2011 09:54 EDT
NEW YORK (Reuters) - Allstate Corp <ALL.N> said it suffered $1.4 billion in catastrophe losses from April tornadoes, and the largest publicly traded U.S. home and auto insurer said it will now make a regular practice of releasing such loss figures.
Insuring wine goes down the hatch, not up in smoke
Apr 19, 2011 06:01 EDT
NEW YORK (Reuters Life!) - There's a growing market for insuring fine wine as even people who had never thought to insure their liquid assets, or don't even have a cellar, discover they have a valuable commodity.
Odd nature of Japan quake complicates insurance
Mar 12, 2011 15:28 EST
NEW YORK (Reuters) - The unprecedented nature of Friday's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses especially challenging, senior executives at two top catastrophe modeling firms said on Saturday.
