Stocks with exposure to the insurance and reinsurance businesses were in the spotlight on Wednesday as Hurricane Idalia made landfall at around 7:45 am Eastern Time on the coast of the Florida Big Bend near Keaton Beach, according to the National Hurricane Center. The storm hit the coast as a Category 3 storm with winds near 125 mph as it weakened from a Category 4.
Publicly-traded companies active in the insurance sector include Swiss Re SREN, +0.05%, 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%.
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Insurance companies in the spotlight as Hurricane Idalia approaches FloridaStocks with exposure to the insurance and reinsurance businesses were in the spotlight on Wednesday as Florida’s upper Gulf Coast prepared for the landfall...
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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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