Property & Casualty Insurance

BTIG Financial's Mark Palmer defended shares of MBIA (NYSE: MBI) in an earlier blog post following the company's Q4 results and news of "substantial doubt" on MBIA Corps. going concern ability. The stock has been down around 3 percent for most of Thursday's session. Palmer recommended investors...

MBIA Inc. (NYSE: MBI) announced today that in response to the request made by its wholly-owned subsidiary MBIA Insurance Corporation ("MBIA Corp.") to make the scheduled January 15, 2013 interest payment on MBIA Corp.'s 14% Fixed-to-Floating Rate Surplus Notes due 2033 (the “Surplus Notes”), the...

MBIA Inc. (NYSE: MBI) announced today that it has successfully completed its consent solicitation resulting in the amendments to indentures governing its 6.40% Senior Notes due 2022, 7.00% Debentures due 2025, 7.15% Debentures due 2027, 6.625% Debentures due 2028 and 5.70% Senior Notes due 2034 (...

National Interstate Corporation (Nasdaq: NATL) announced that its Board of Directors has declared a quarterly dividend of $0.10 per share as well as an additional one-time special dividend of $2.00 per share. The combined dividend amount of $2.10 per share will be payable on December 10, 2012 to...

Integrated Electrical Services (NASDAQ: IESC) today announced that Gail Makode has been appointed senior vice president, general counsel and corporate secretary. Ms. Makode will be responsible for all legal, compliance, and governance matters and will report to James Lindstrom, the Company's...

In response to investor inquiries, National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI), today confirmed that it has approximately $33 million of insured exposure to the City of San Bernardino, California, $18 million of which is backed by the...

The Navigators Group, Inc. (NASDAQ: NAVG) today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. This registration statement, once it becomes effective, will replace the Company's previous expiring shelf registration...

ACCO Brands Corporation (NYSE: ACCO) is estimated to post a Q1 loss at $0.02 per share on revenue of $295.04 million. Kohl's Corp (NYSE: KSS) is projected to report its Q1 earnings at $0.60 per share on sales of $4.24 billion. Nordstrom Inc (NYSE: JWN) is estimated to post its Q1 EPS at $0.75 on...

The parade of earnings from major retailers begins this week with quarterly reports due from Kohl's (NYSE: KSS), Macy's (NYSE: M) and Nordstrom (NYSE: JWN). Analysts expect to see year-over-year revenue growth from all three, but lower per-share earnings from Kohl's. Many more retailers are...

Mercury General Corp (NYSE: MCY) reported a 26% rise in its first-quarter earnings. Mercury General's quarterly profit surged to $73.4 million, or $1.34 per share, from $58.2 million, or $1.06 per share, in the year-ago period. Its operating income dropped to $0.71 per share from $0.72 per share...

Canaccord Genuity cuts its rating to Hold from Buy on Badger Meeter (NYSE: MBI) on limited near-term upside on shares. Price target goes up from $37.50 to $40 on adjusted estimates for 2012-2013. Canaccord Genuity says, "Make no mistake, we like Badger's platform and management's history of...

Shares of MBIA Inc. (MBI) are lower on the session by 1.09%, currently trading at $9.95 Option volatilities are mixed with April21st +21.5 points, May -7.2 points, and August -0.4 points. The strike seeing the heaviest action is the May 2012 $8.00 put, which has traded 2,600 times on open...

Shares of MBIA Inc. (NYSE: MBI) are higher on the session by 1.2%, currently trading at $10.23 Options volatility is mixed with the April volatility -8.2 points and the May vol +8.0 points. The strike seeing the heaviest action is the May 13 call, which has traded over 2,900 times on open...