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Insurance News

Insurance news continually updated from thousands of sources around the net.

3 hrs ago | Bradenton.com

1,100 layoffs planned at Alpha coal mines in W.Va.

The announcement dealt another blow to Appalachia's iconic, but dwindling, fossil fuel industry.

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Related Topix: Annuity and Life Re Holdings, Appalachia, VA, U.S. Environmental Protection Agency, Environmental Law, Law

6 hrs ago | Business Insurance

Endurance terminates takeover bid for Aspen Insurance

Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals.

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Related Topix: Endurance Specialty Holdings

10 hrs ago | Business Insurance

2014 set to be costliest year for insurance industry since 9/11 attacks

This year is on track to becoming the costliest for the insurance and reinsurance sector since 2001, when the Sept.

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14 hrs ago | Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* European private equity firm Charterhouse is readying the sale of UK skincare company Deb Group this year in a deal worth about 500 million pounds including debt, four sources with knowledge of the talks said on Wednesday.

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Related Topix: Financial Services, Phoenix Companies, Goldman Sachs, Investment Services, World News, Germany,

Wed Jul 30, 2014

Reuters

UPDATE 2-Allstate profit jumps 49 pct as costs fall, premiums rise

Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 49 percent jump in quarterly profit as costs fell and the company took in more premiums.

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Related Topix: Allstate

Journal Gazette

Lincoln National quarterly earnings up 26%

Lincoln National Corp. today reported second-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a share, posted for the same three months of 2013.

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Related Topix: Financial Services, Lincoln National

Business Journal

Hawaii ranks 4th in U.S., 11th globally, for captive insurance industry

Hawaii is one of the biggest markets in the United States for captive insurance companies - a form of self insurance for businesses - and the state's experience has drawn companies ranging from local mom-and-pop to Fortune 500 companies such as Google .

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EETimes

7 Insurance Issues With Your Self-Driving Car | EE Times

As we gird for the inevitability of fully autonomous cars sometime between 2020 and 2035, we occasionally hear the small, still voices of technologists and industry analysts discussing the significant reduction in automotive insurance rates and how it will add momentum to autonomy.

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Quebec Chronicle-Telegraph

How Obamacare Made Health Insurance Industry 'Villains' Into White House Partners

Recall, for a moment, how health insurers were treated by Democrats in the Obamacare debate.

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NewsOK.com

WellPoint 2Q tops Wall Street expectations

WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed.

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Related Topix: Wellpoint Health Networks, Medicare

The Macon Telegraph

Humana 2Q profit falls 18 pct on higher costs

The company's results, released Wednesday, matched analysts' expectations, and it reaffirmed its 2014 earnings estimate of between $7.25 and $7.75 per share.

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Related Topix: Humana, Medicare, Health, Family, Elderly (Senior Citizen), Medicaid

NewsOK.com

Humana 2Q profit falls 18 percent

You now have an easier online way to manage your Home Delivery subscription for The Oklahoman .

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Related Topix: Humana, Louisville, KY

The Washington Post

Volt Beats Leaf in Insurance Industry's Electric-Car Crash Tests

General Motors Co.' s Chevrolet Volt passed the U.S. insurance industry's toughest frontal crash test, while Nissan Motor Co.'

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Related Topix: Arlington, VA, Business News

Tue Jul 29, 2014

AmericanBankingNews.com

White Mountains Insurance Group (WTM) Releases Quarterly Earnings Results

White Mountains Insurance Group released its earnings data on Tuesday. The company reported $15.53 earnings per share for the quarter, beating the analysts' consensus estimate of $8.12 by $7.41, American Banking News.com reports.

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Related Topix: White Mount Ins GRP LTD Berm

TheStreet.com

How Will Allstate (ALL) Stock Be Affected By This Downgrade?

Allstate shares are down -1% to $57.35 in pre-market trading today. TheStreet Ratings team rates ALLSTATE CORP as a Buy with a ratings score of A+.

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Related Topix: Allstate, Financial Markets

KISS 108

Surprise! Large Insurance Companies Are Raking In Cash, Thanks To Obamacare

Top health insurer Aetna reported boosted profits in the second quarter since Obamacare has been in effect as large insurance companies continue to win big from the health-care law.

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Related Topix: Aetna

Wall Street Journal

Modern Home, Lush Landscape

A Warren Platner-designed contemporary home in Greenwich, Conn., employs feng shui principles and features landscaped gardens with a greenhouse, fountains, a lily pond and a shared lake.

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Related Topix: Home Listing, Home, Interior Design, Arts, Greenwich Village (New York, NY), MetLife, Manhattan, NY, New York, NY, Brooklyn, NY

Forbes.com

As Profits Roll In, Aetna To Expand On Obamacare Exchange In 2015

The Hartford-based health insurance giant, which raised its earnings guidance for the year to $6.45 to $6.60 per share from $.6.35 to $6.55, said during its second-quarter earnings call that its full year 2014 profits will be higher thanks to growth in lines of business across the company.

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Related Topix: Aetna, Health Insurance, Health, Medicaid, Business News

The Republic

Aetna 2Q profit rises 2.4 percent

Aetna Inc. on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations.

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Related Topix: Aetna, Hartford, CT

The Age

Housing, consumer data boosts ASX

Strong unofficial housing sector and consumer confidence data helped the Australian sharemarket finish ahead on Tuesday, despite some heavy losses in QBE Insurance and ALS Ltd as company reporting season continued with more disappointing news.

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Related Topix: Australia, Oceania, World News, QBE Insurance Group, Telstra Corporation, Telecom

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