Insurance industry strong despite increase in claims
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One or two insurance companies might not have the financial wherewithal to survive this year&#39;s hurricane season in Florida, said several top industry officials and state regulators.
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The bond insurer is raising $1 billion in an effort to stay afloat.
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TORONTO (CP) - A pickup in the US insurance sector sent stock markets higher Tuesday afternoon however continued volatility in oil prices kept many investors from making large bets.
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Hurricane Frances will probably not rack up as large an insurance bill as initially feared. With premium hikes typically following big losses, thatâs good news for most insurance-buying companies not affected by the devastating storm.
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Health insurance costs are going up, and up, and up. And in some cases, up some more. Premiums for employer-sponsored plans rose by 11.
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MetLife, one of the nationâs biggest insurance companies, and Marsh & McLennan, the nationâs largest insurance brokerage firm, both reported yesterday that profit soared in the fourth quarter on strong revenue growth.
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TORONTO (CP) - A rally in the insurance sector helped take stock markets up sharply - and drove New York&#39;s blue chip index to a triple-digit runup - despite higher oil prices and a further slowdown in US consumer confidence.
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WASHINGTON - Job-based health insurance premiums jumped an average of 11.2 percent this year, according to a new survey of employers released Thursday.
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WASHINGTON -- Indiana workers and those in 34 other states saw health insurance premiums rise nearly three times faster than average earnings in the past four years, a study based on federal data shows.
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WASHINGTON -- The number of newly laid off workers filing claims for unemployment benefits shot up by the largest amount since early February, a far bigger increase than had been expected.
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The UK's biggest insurer unveils better than expected sales figures for the first nine months of the year.
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The insurance industry is one of Washington's fiercest and best-funded lobbies, so it rarely gets surprised. But last week several industry representatives privately acknowledged amazement that their most important federal benefit -- an antitrust exemption -- is in danger.
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Gross mortgage lending rose in January despite unsettled market conditions, industry figures show.
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Mortgage insurers' shares rose on Wednesday as investors saw them benefiting from regulatory moves that will boost their business.
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The offshore insurer opportunistically moves in and out of insurance lines to grow the business.
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Officials at the Federal Deposit Insurance Corp. yesterday pronounced Massachusetts&#39; banking industry to be in ``very good shape,&#39;&#39;despite some pressure on profits and slower-than-expected loans to small businesses.
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Fewer catastrophe claims and a rise in premiums helps insurance market Lloyd's of London unveil a rise in profits.