NYSE:ALL - New York Stock Exchange, Inc. - US0200021014 - Common Stock - Currency: USD
Travelers, one of the major insurers in Southern California, addresses the California wildfires on its quarterly earnings call on Wednesday.
As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports. The firm also took a look at how the Los Angeles area wildfires will affect the companies in the current quarter.
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Markel Group has posted outstanding results in three of the last four quarters including a 2,010% increase in earnings last quarter.
With connected cars and revenue-hungry apps, insurers are flush with data.
Texas Attorney General Ken Paxton said Allstate created the "world's largest driving behavior database," with data on more than 45 million Americans, by paying mobile app developers million of dollars to secretly incorporate its driver tracking software. According to a complaint filed in a Texas state court near Houston, Allstate profited by using the data to raise premiums or deny coverage, and by selling the data to other insurers. Payments were made through Allstate's data analytics unit Arity, the complaint said.
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Friday. Uncover the top gainers and losers in today's session for valuable insights.
In today's session, there are S&P500 stocks with remarkable trading volume. Explore the stocks exhibiting unusual volume in Friday's session.
These are the stocks posting the largest moves in midday trading.
Stay updated with the movements of the S&P500 index in the middle of the day on Friday. Discover which stocks are leading as top gainers and losers in today's session.
U.S. equities slumped at midday after the December jobs report came in higher than anticipated, putting more Federal Reserve rate cuts in doubt.
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
Insurance and utility stocks with California exposure took a hit Friday as the Los Angeles fires continued to rage.
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AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
These S&P500 stocks are moving in today's pre-market session
These are the stocks posting the largest moves in premarket trading.
News of the day for Jan. 10, 2025
The Palisades fire is the worst in Los Angeles city history. Some utility and insurance stocks are starting to react.
Gaithersburg, MD
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
ALL's emphasis on cost reduction and efficiency improvements is poised to bolster profitability and support long-term growth.