Insurers aided by fewer disasters
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Axa and Allianz both announce rising profits, boosted by fewer natural disasters and rising stock markets.
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including hurricanes Charley, Frances, Ivan, and Jeanne -- contributed to $21.3 billion in insured property loss claims, says actuarial firm ISO.
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Florida insurance companies can cover the losses of Hurricanes Charley and Frances, even if a few small insurers fail, the state&#39;s chief financial officer said Tuesday.
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The decline of passive retirement planning is not so much a problem as an opportunity.
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Better weather, ready personnel, and a more aware public soften the toll in the lower 48 states.
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Fewer catastrophe claims and a rise in premiums helps insurance market Lloyd's of London unveil a rise in profits.
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MIAMI - Hurricane Charley probably will not cause Floridians' insurance premiums to skyrocket like 1992's Andrew, and fewer insurers should go bankrupt from paying out damages expected to reach the billions of dollars, state and industry officials said Saturday.    They say previous premium increases and overhauls made because of Andrew, the most expensive natural disaster in U.S...
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U.S. property and casualty insurers are expected to pay $6.5 billion in losses from 23 catastrophes during 2007, much of it from California wildfires, according to ISO, a company that supplies statistical information for the industry.
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Insurers breathed a sigh of relief yesterday as Hurricane Ivan skirted New Orleans as well as the heart of the Gulf of Mexico&#39;s oil region, saving the companies billions of dollars in claims.
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The string of hurricanes that struck Florida and other states has begun to wash away profit projections made by some Cincinnati-based insurance companies.
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People who must pay for insurance may now be a majority of the stateâs uninsured, and not all are rushing to get coverage.
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NEW YORK (CBS.MW) -- Insurance stocks rose Tuesday on confidence that the deadly Indian Ocean tsunami and earthquake that wreaked havoc on nations in southern Asia over the weekend will not require significant payouts.
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Workers in small businesses are less likely to receive health insurance from their employers, as premiums rose by 11.2% over the last year.
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The cost of insuring companies against   lawsuits from products such as faulty tires and asbestos has   dropped as much as 10 percent this year, the largest decline in   more than a decade, insurance specialists say.
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A growing number of insurance companies are adding high windstorm damage deductibles to homeowner policies.
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Natural disasters often provoke sharp stock market declines where they occur. But the Asian tsunami had negligible impact on industrial capacity.
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The world's biggest reinsurer said Tuesday that the deadly Indian Ocean tsunamis likely will cost it less than 100 million euros (&#36;136 million), saying its exposure to the extensive damage would be limited by low insurance coverage.