Property & Casualty Insurance

American Safety Insurance Holdings, Ltd. (NYSE: ASI) today announced that the Company's 2011 second quarter results will include estimated after-tax property losses of between $3.0 million to $4.0 million net of reinsurance associated with U.S. storms that occurred in the second quarter of 2011....

Meadowbrook Insurance Group, Inc. (NYSE: MIG) today announced that it estimates its second quarter results will include higher than average storm related losses, net of reinsurance, of approximately $12.5 million pre-tax. This estimated amount is approximately $6.3 million pre-tax higher than...

Meadowbrook Insurance Group, Inc. (NYSE: MIG) today announced that it estimates its second quarter results will include higher than average storm related losses, net of reinsurance, of approximately $12.5 million pre-tax. This estimated amount is approximately $6.3 million pre-tax higher than...

J.P. Morgan provided color on Allstate (NYSE: ALL) in a research report published today. J.P. Morgan has previously given Allstate an Overweight rating and $40 price target. In the report, J.P. Morgan states, "In our view, ALL shares reflect fears of what could go wrong rather than what could go...

Shares of UDR Inc (NYSE: UDR) gained about 1.7% after the company raised its projections for full-year funds from operations. UDR agreed to pay $687 million for two home communities in New York and one in Washington D.C. UDR also announced its plans to sell 15 million shares in a public offering...

WRM America Holdings announced today it has reached a definitive agreement to acquire the flood insurance business of Fidelity National Financial Inc. (NYSE: FNF). Fidelity National Financial's flood and excess flood business – Fidelity National Indemnity Insurance Company – will operate as a...

Assured Guaranty Corp. (NYSE: AGO) and CIFG Assurance North America, Inc. announced today that they have reached an agreement to settle their dispute related to CIFG Policy No. 1259 insuring $83.8 million of water revenue bonds issued by Xenia Rural Water District, Iowa in 2006. Under the...

The Allstate Corporation (NYSE: ALL) today announced $0.3 billion, pre-tax, in estimated catastrophe losses for the month of June 2011. June catastrophe losses comprised 13 events. Allstate previously announced $2.0 billion in estimated pre-tax catastrophe losses for the months of April and May...

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that it has established a record date of July 22, 2011 for an extraordinary general meeting of its shareholders to consider and vote on proposals related to the previously announced agreement and plan of merger, dated as of...

KBW is out with its report today on State Auto Financial (NASDAQ: STFC), maintaining Market Perform. In a note to clients, KBW writes, "State Auto provided an update for June weather losses, that also included some additions from the previous storms in April and May, totaling $20-$30 million pre-...

Transatlantic Holdings, Inc. (NYSE: TRH) today announced it has established a record date of July 22, 2011 for a special meeting of its stockholders to consider and vote on a proposal to adopt the previously announced agreement and plan of merger, dated as of June 12, 2011, by and among Allied...

Transatlantic Holdings, Inc. (NYSE: TRH) today confirmed that it has received an unsolicited proposal from Validus Holdings, Ltd. (NYSE: VR) to acquire all of Transatlantic's outstanding shares of common stock. As previously announced on June 12, 2011, Transatlantic entered into a definitive...

Cusick's Corner Last night as I was doing a webinar I was catching myself trading more than teaching as the markets were on the move - US Dollar was running to the upside, Euro sliced through $1.40, bonds were running on the long end and the equities sliced through that support level, 1315. Then...

By 10:35 am, the Dow Jones Industrial Average was down 2.04 points, or 0.02%, to 12,503.72, while the broader Standard & Poor's 500 index had gained 0.33 points, or 0.03%. The NASDAQ composite index fell 5.34 points, or 0.19%. Some of the narrow based indexes that are supporting the markets...

Shares of MBIA (NYSE: MBI) are higher on the session by 8.45%, trading at $9.17. Overall call volume is now running at 2.67x the daily average, with 37% of all calls traded being purchases on the offer. 13,385 contracts have traded on the session so far. MBIA Inc., together with its subsidiaries...