The usual recipe for tropical storms and hurricanes requires thunderstorms, moist air and warm ocean temperatures.

The gains help keep Allianz on track to meet its full-year earnings targets.

Pricing pressure in reinsurance weighed on first-half earnings, overshadowing a drop in natural-catastrophe claims.

AIG had 'severe losses' of $293 million in Q2, which it said was 'more than double the long-term average.'

State officials have set in place several initiatives to help residents in the aftermath of the deadly Carr wildfires.

The CEO has been under scrutiny since he surprised investors by announcing a $15.3 billion takeover of XL Group in March.

There were more traffic fatalities due to motor vehicle crashes on this date than any other of the calendar year.

State Farm contends the information is a trade secret and is exempt from disclosure under Florida's public-records laws.