International Business News - PGR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fitch Ratings on Friday affirmed its debt ratings for Progressive Corp., after the auto insurer posted a third-quarter loss due to investment losses of more than $1.1 billion. http://www.ibtimes.com/articles/20081010/fitch-affirms-progressive-corp-debt-ratings.htm Fri, 10 Oct 2008 16:20:04 EDT Among the earnings stories for Friday, Oct. 10, from AP Financial News: MAYFIELD VILLAGE, Ohio (AP)--Auto insurer Progressive Corp. said Friday it swung to a loss in the third quarter after posting a loss of more than $1 billion on investments. http://www.ibtimes.com/articles/20081010/earnings-roundup-progressive-general-electric.htm Fri, 10 Oct 2008 14:39:55 EDT Auto insurer Progressive Corp. said Friday it swung to a loss in the third quarter after posting a loss of more than $1 billion on investments. The Mayfield Village, Ohio, company reported a loss of $684.2 million, or $1.03 per share. A year ago, the company earned $299.2 million, or 42 cents per share. http://www.ibtimes.com/articles/20081010/progressive-swings-to-3q-loss.htm Fri, 10 Oct 2008 13:16:45 EDT Shares of insurers mostly fell Thursday amid overall market uneasiness about the economy and whether the financial bailout package will be able to help the economy avoid a recession. The remarks also came a day after Senate majority leader Harry Reid said a major insurer is on the verge of going bankrupt, but analysts generally said that was not moving the financial sector or the overall market. http://www.ibtimes.com/articles/20081002/insurers-fall-on-sen-reids-bankruptcy-comments.htm Thu, 02 Oct 2008 12:55:26 EDT Shares of insurers mostly fell Thursday amid overall market uneasiness about the economy and whether the financial bailout package will be able to help the economy avoid a recession. The moves also came a day after Senate majority leader Harry Reid said a major insurer is on the verge of going bankrupt, but analysts generally said that was not moving the financial sector or the overall market. http://www.ibtimes.com/articles/20081002/insurers-fall-on-sen-reids-bankruptcy-comments.htm Thu, 02 Oct 2008 15:21:01 EDT Shares of most property and casualty insurers traded lower on Monday as American International Group Inc. sought to stay in business and investors tallied the cost of Hurricane Ike. http://www.ibtimes.com/articles/20080915/sector-snap-insurers-decline-on-aig-ike.htm Mon, 15 Sep 2008 14:21:43 EDT Among the earnings stories for Thursday, Sept. 11, from AP Financial News: MAYFIELD VILLAGE, Ohio (AP)--Progressive Corp. said Thursday it swung to a loss in August as the insurer took write-downs on its investment portfolio, including losses on preferred shares of Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080911/earnings-roundup-progressive-campbell-soup.htm Thu, 11 Sep 2008 10:30:56 EDT Progressive Corp. said Thursday it swung to a loss in August as the insurer took write-downs on its investment portfolio, including losses on preferred shares of Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080911/progressive-posts-loss-in-august-on-write-downs.htm Thu, 11 Sep 2008 09:27:59 EDT Shares of major insurance companies traded mostly higher Wednesday, as Ambac Financial Group Inc. surged on prospects for its new bond insurance business, and damage estimates linked to Hurricane Gustav narrowed. http://www.ibtimes.com/articles/20080903/sector-snap-insurance-stocks-mostly-higher.htm Wed, 03 Sep 2008 12:58:27 EDT Shares of insurance companies mostly rose Tuesday as Wall Street assessed the smaller-than-expected damage of Hurricane Gustav and its resulting impact on the insurance sector. http://www.ibtimes.com/articles/20080902/sector-snap-insurance-stocks-mostly-rise.htm Tue, 02 Sep 2008 13:23:07 EDT Shares of insurance companies rose Wednesday, along with the broader market, after a better-than-expected report on durable goods orders alleviated some of investors' concerns about the economy. http://www.ibtimes.com/articles/20080827/sector-wrap-insurance-stocks-rise.htm Wed, 27 Aug 2008 19:41:31 EDT A Lehman Brothers analyst says personal auto insurers like Progressive Corp. continue to benefit from higher gasoline prices, which could mean reduced auto insurance rates for customers. http://www.ibtimes.com/articles/20080818/lehman-analyst-high-gas-prices-help-progressive.htm Mon, 18 Aug 2008 16:44:57 EDT Auto insurer Progressive Corp. on Wednesday reported its July net income fell 31 percent to $81.8 million, or 12 cents per share, from $118.5 million, or 16 cents per share, in the same month of 2007. http://www.ibtimes.com/articles/20080813/progressive-corp-income-falls-in-july.htm Wed, 13 Aug 2008 10:02:30 EDT Shares of major insurance companies were down Thursday, as investors responded to a dismal second-quarter report from American International Group Inc. and anticipated similar results from rivals. http://www.ibtimes.com/articles/20080807/sector-snap-insurance-stocks-down.htm Thu, 07 Aug 2008 12:32:47 EDT Shares of insurance companies were mixed late Wednesday after a batch of varying financial results from a number of companies in the sector. Earlier in the day, Cincinnati Financial Corp. reported an 82 percent drop in its second-quarter profit, hurt by record catastrophe losses. But results beat the average analyst forecast and were an improvement over the company's loss in the first quarter of this year. http://www.ibtimes.com/articles/20080806/sector-wrap-insurance-companies-mixed.htm Wed, 06 Aug 2008 16:36:35 EDT After rallying earlier in the week, insurance company stocks traded mixed Friday despite word of bond insurer Ambac Financial Group Inc. settling one of its largest exposures to risky collateralized debt obligations. http://www.ibtimes.com/articles/20080801/sector-snap-insurance-stocks-trade-mixed.htm Fri, 01 Aug 2008 15:55:08 EDT A high-tech monitoring device makes it possible to reduce insurance premiums for drivers who avoid jackrabbit starts and slam-on-the-brakes stops, an insurance company says. http://www.ibtimes.com/articles/20080728/insurer-offers-discounts-to-drivers-with-monitors.htm Mon, 28 Jul 2008 17:15:07 EDT Insurance company stocks mostly rose Wednesday, as investors responded to a fairly positive second-quarter report from The Travelers Cos. Inc.--the first among the major insurers to issue results--and awaited a report from another industry bellwether after the close. http://www.ibtimes.com/articles/20080723/sector-snap-insurance-stocks-mostly-rise.htm Wed, 23 Jul 2008 15:39:01 EDT Auto insurance rates rose for the second straight quarter, with the sharpest jumps occurring in Indiana, Arkansas and Rhode Island, according to a report released Thursday by Insurance.com. http://www.ibtimes.com/articles/20080717/average-car-insurance-rates-rise-3-4-percent-in-2q.htm Thu, 17 Jul 2008 11:14:26 EDT Shares of insurers mostly fell Thursday as Moody's Investors Service cut the rating of mortgage insurer MGIC Investment Corp. a day after lowering ratings on PMI Group Inc. and American International Group Inc.'s mortgage insurance subsidiaries. http://www.ibtimes.com/articles/20080710/closing-glance-insurers-drop.htm Thu, 10 Jul 2008 16:15:53 EDT