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P&C Insurers Hit by Credit Crisis, Storms
More than half the nation's property and casualty insurers suffered drops in profits in the first nine months of 2008, as major hurricanes and the subprime mortgage crisis ate at companies' bottom lines, a new analysis by TheStreet.com Ratings shows.
02:24PM 01/12/09
Long-Term Care Insurer Penn Treaty American Fails
Pennsylvania regulators may sell or liquidate long-term care insurer Penn Treaty American Corp., after a judge ordered two of its subsidiaries into rehabilitation.
05:26PM 01/08/09
Insurers May Be in for More Misery (Update)
Variable annuities have popped up as a problem area for many insurers in the third-quarter downturn, but another type of annuity that makes payouts if indices like the S&P 500 fall could do further damage.
05:50PM 11/20/08
Insurers' D&O Losses Expected to Jump to $5.9B
Insurers' losses to protect companies from subprime-mortgage lawsuits will jump to $5.9 billion, industry firm estimates.
09:20AM 11/06/08
Hartford Plummets on Loss, Capital Concerns
Shares of the insurer are losing half their value as third-quarter earnings raise capital concerns.
01:47PM 10/30/08
CNA Suspends Dividend, Raises Capital
Holding company Loews takes action to shore up CNA subsidiary Continental Casualty.
02:02PM 10/27/08
Allstate Posts $923 Million Loss
The insurer gets walloped by $1.8 billion in catastrophe losses in the third quarter.
12:33PM 10/23/08
Storm Losses Pummel Travelers' Earnings
Third-quarter earnings decline 82% on due mostly to catastrophe losses primarily caused by Hurricanes Ike, Gustav and Dolly.
11:57AM 10/22/08
Life, Health Insurers' Profits Decimated
The industry suffered a staggering first-half loss on the sale and writedown of investments.
01:04PM 10/10/08
Insurance Company Earnings Plunge 53%
Property-and-casualty insurers are hurt by the first underwriting loss in five years during the first half of 2008.
10:48AM 10/02/08
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