Insurance sector also taking a beating as bank stocks keep selling off

The crisis of investors confidence in banks has spilled over to the insurance sector, which has taken a beating in the past week. The SPDR S&P Insurance exchange-traded fund KIE slid 3.2% in morning trading toward a five-month low, and has tumbled 9.9% over the past seven sessions, since the troubles of SVB Financial Group’s SIVB Silicon Valley Bank became public. SVB’s bankruptcy filing on Friday showed the sector’s woes aren’t over despite efforts to soothe fears.

The crisis of investors confidence in banks has spilled over to the insurance sector, which has taken a beating in the past week. The SPDR S&P Insurance exchange-traded fund KIE slid 3.2% in morning trading toward a five-month low, and has tumbled 9.9% over the past seven sessions, since the troubles of SVB Financial Group’s SIVB Silicon Valley Bank became public. SVB’s bankruptcy filing on Friday showed the sector’s woes aren’t over despite efforts to soothe fears.

people can't afford rent or food how can they afford insurance

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Colorado bill would require insurance companies to cover athletic prosthetics for kidsHouse Bill 23-1136 would require state-regulated insurance plans to cover prosthetic limbs for those under 26 if their physician determines that it will maximize their upper limb functions. Meghan_Lopez It is shocking that they don’t. It’s almost like the insurnace companies don’t really want to cover anything.
Fonte: DenverChannel - 🏆 239. / 63 Consulte Mais informação »