Election Day 2012: Stocks Rise as Investors Wait for a Winner
Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
travelers
Economic Impact From Hurricane Sandy Won't Derail Economy
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
Wedded Risk: You May Now Insure the Bride
In 2011, the average American wedding cost $26,501. With that kind of money on the line, and considering all the unforeseeable circumstances that could wreck your carefully laid plans, it's no surprise that a growing number of companies are offering wedding insurance.
Stocks Jump After Storm Damage Is Less Than Feared
Stocks rose sharply after fears that Tropical Storm Irene would cause widespread catastrophic damage subsided along with the storm. Lowered damage estimates pushed insurance stocks higher, and utilities mostly rose after it became clear their storm-related expenses would also be below predictions.
AmTrust: A Promising bet for Investors
With a high ROI and steadily increasing dividends, insurance holding company AmTrust Financial Services is poised to pay off for investors.
Massachusetts Ruling Slams Bank Foreclosure Practices
The state's highest court affirmed the fundamental and long-established idea that a bank must own the mortgage it's foreclosing on before it forecloses. The ruling pertained to Wells Fargo and US Bancorp, but investors are hammering all bank financial stocks in reaction.
AIG Reaches $450 Million Settlement Over Premium Reporting Practices
American International Group will payout a $450 million settlement to seven insurance companies over allegations it under-reported workers' compensation policy premiums.
Travelers Earnings Slip and Guidance Is Lowered
Travelers Cos. reported second-quarter earnings of $1.35 per diluted share, or $670 million. Earnings for the second quarter of 2009 were $1.27 per share, or $690 million.
The Travelers: Pull-back Is Buy Opportunity
The Travelers represents one of the few moderate-risk/decent growth opportunities around these days.Surprisingly, institutional investors still haven't bid-up The Travelers' share so its stock with PE of 10, looks cheap.
