Insurance companies in the spotlight as Hurricane Idalia approaches Florida

Stocks with exposure to the insurance and reinsurance businesses were in the spotlight on Wednesday as Florida’s upper Gulf Coast prepared for the landfall of Hurricane Idalia as a Category 4 storm. Publicly-traded companies active in the insurance sector include Swiss Re SREN, , Aon Plc AON, +0.51%, Allstate ALL, +1.09%, Travelers TRV, +0.

28%, Everest Group EG, +2.30%, Willis Towers Watson WTW, +0.55% and Arthur Gallagher AJG, +0.83%. Others include Progressive PGR, +0.51%, Chubb Ltd. CB, +0.58%, Hanover Insurance Group THG, +0.15%, Renaissance Re RNR, +1.95% and Arch Capital Group ACGL, +2.10%. Among the group, Progressive was trading in the pre-market on Wednesday, with a gain of 0.3%.

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Another major Florida hurricane threatens to worsen property insurance market, add ‘Hurricane Tax’ for policy holdersAs a major hurricane, Idalia not only threatens the lives of Floridians but also the progress of Florida’s property insurance market that was already in crisis.
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