insurance

Travelers Estimates April and May Catastrophe Losses at Over

Published on Fri, 06/10/2011 - 10:16
By FNNO Staff in catastrophes, financial, insurance, losses, midwest, news market storm lightning, tornadoes, travelers
travelers, catastrophes, losses, tornadoes, midwest, insurance, financial, news market storm lightning

By FNNO Staff
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Aflac responding to disaster in Japan

Published on Mon, 04/18/2011 - 07:55
By FNNO Staff in General Interest, AFL, aflac, business, disaster, earthquake, finance, health, insurance, investing, japan, life, news, payments, stock, trading, tsunami, News Update
aflac, business, disaster, earthquake, finance, health, insurance, investing, japan, life, news, payments, stock, trading, tsunami

Aflac (AFL), which obtained about 70% of its revenues last year from Japan, has taken several steps in the wake of the natural disasters and nuclear catastrophe in that country. These steps include giving all Japanese customers a

By FNNO Staff
fnnonline@gmail.com

Progressive Reports Strong Q1 Results

Published on Thu, 04/14/2011 - 09:23
By FNNO Staff in General Interest, analysis, business, earnings, eps, financial, insurance, market, news, pgr, progressive, stock, trading, Earnings Reports

Progressive has a potential upside of 6.6% based on a current price of $21.41 and an average consensus analyst price target of $22.81.

Progressive is currently above its 50-day moving average (MA) of $20.66 and above its 200-day of $20.38.

analysis, business, earnings, eps, financial, insurance, market, news, pgr, progressive, stock, trading

The Progressive Corp (NYSE:PGR) reported Q1 EPS of $0.55 today, beating the consensus estimate for $0.43 per share. Revenues for the quarter were up 6.2% year-over-year to $3.89 billion, just ahead of the consensus estimate for $3

By FNNO Staff
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ING Opens 1.5% Down, Forced to Sell its Direct Operations in U.S.

The European Commission ordered ING to nearly halve its balance sheet by selling its global insurance arm and some smaller banking assets, including its direct banking business in the U.S., as a condition for receiving state funds

asset, balance sheet, banking, direct operations, eu, european commission, financial statement, ing, insurance, sale, sell, state fund

ING (ING) opens lower after giving up its resistance to the forced sale of its ING Direct operations in the U.S., according to Dow Jones.

By FNNO Staff
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Aflac seeking new voice for duck

afl, aflac, comedian, controversy, disaster, duck, earthquake, gilbert gottfried, inappropriate, insensitive, insurance, japan, jokes, scandal, tasteless, tragedy, tsunami, tweet, twitter

Aflac (AFL) is holding auditions for a new voice for the duck that appears in its ads, after the company fired Gilbert Gottfried from the role, according to the New York Times. Gottfried was fired for making insensitive statements

By FNNO Staff
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UBS Lowers PT for PartnerRe, Maintains Buy Rating (PRE)

Published on Thu, 03/17/2011 - 14:31
By Stephanie Shyu in General Interest, PRE, ubs, analyst, consensus, insurance, insurer, nyse, partnerre, pre, price, rating, reinsurance, stock, ubs, wall street, Analyst Actions
analyst, consensus, insurance, insurer, nyse, partnerre, pre, price, rating, reinsurance, stock, ubs, wall street

UBS lowered its target price for PartnerRe (NYSE:PRE) to $83 from $86 and reiterated its buy rating for the company. The adjustment is part of an industry-wide lowering of target prices in the insurance and re-insurance industry,

By Stephanie Shyu
sshyu@fnno.com

Japan Insurance Losses Estimated to be $12-25 bln

Eqecat's estimate, which includes damages caused by the earthquake, subsequent tsunami and fires, is below that of competitor AIR Worldwide which estimates losses of $15 billion to $35 billion, not including tsunami-related losses

Worried investors have been selling insurance shares in re

ace, aflac, aig, air worldwide, capital, catastrophe, costly, crisis, damage, destruction, earthquake, eqecat, explosion, fires, hannover re, insurance, insurer, investors, japan, loss, market, metlife, munich re, natural disaster, nuclear, reinsurer, shares, stock, swiss re, tragedy, tsunami

The destruction sustained in last week's earthquake in Japan will cause insurers to lose between $12 billion to $25 billion, according to an estimate released Wednesday by the catastrophe risk modeling firm, Eqecat, making it one

By Stephanie Shyu
sshyu@fnno.com

Aflac Sheds 7% on Cancer Concerns

Aflac (AFL) also has investment exposure to the giant utility that operates the power stations that were damaged by Friday's massive earthquake, according Marketwatch.

afl, aflac, analysis, business, cancer, financial, insurance, japan, market, news, nuclear reactor, poisoning, radiation, sickness, stock, trading

Aflac (AFL) loses ground on concern about possible radiation leaks from Japanese nuclear reactors and how they might affect the largest seller of cancer insurance in the country, Marketwatch.com reports late Monday.

By FNNO Staff
fnnonline@gmail.com

MetLife Down 1%; Plans to Reduce Holdings of Debt by Financial Firms

Published on Thu, 03/10/2011 - 13:15
By Stephanie Shyu in General Interest, MET, banks, bonds, business, ceo, corporate, debt, financial, insurance, insurer, investment, investor, met, metlife, robert henrikson, News Update

The insurer owned $160.7 bln of corporate bonds at the end of 2010.

"We see opportunities to lower the percentage of our business in the financial community, and banks, European banks, so forth and so on," said Henrickson.

banks, bonds, business, ceo, corporate, debt, financial, insurance, insurer, investment, investor, met, metlife, robert henrikson

MetLife Inc. (MET) is down 1.19% to $45.75 after announcing plans to reduce debt holdings issued by financial firms, Bloomberg reported, quoting its CEO Robert Henrikson at an investor presentation.

By Stephanie Shyu
sshyu@fnno.com

Unum Group Reportedly Discussed Sale to Canada's Sun Life Financial

Published on Wed, 03/09/2011 - 11:42
By Stephanie Shyu in General Interest, SLF.TO, UNM, capital, financial, insurance, news, sale, sun life financial, unum, unum group, Mergers & Acquisitions
capital, financial, insurance, news, sale, sun life financial, unum, unum group

Unum Group (UNM), the largest U.S. disability insurer, reportedly weighed a recent sale to Canada's Sun Life Financial Inc. (SLF.TO) before talks broke down. With a market capitalization of about US$8 billion, Chattanooga, Tenness

By Stephanie Shyu
sshyu@fnno.com

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