California wildfire insurance chaos, dumping DEI and IRS tax season
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
Raymond James sees insured losses in the range of $11 billion to $17.5 billion and said the disaster could become the ...
Financials Down as Treasury Yields Continue to Gain -- Financials Roundup
Shares of banks and other financial institutions fell as fears about a spike in Treasury yields and the Californian wildfires weighed. The 10-year Treasury yield, a benchmark for a range of consumer ...
LA fires could boost home insurance premiums statewide
Devastation could result in fewer coverage options for homeowners, with higher prices based on recent reforms.
Grist10h
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
Shares of Mercury General, Lemonade, Other Insurers Fall in Wake of California Wildfires
Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.
The New Yorker10h
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
The long-term picture for the insurance industry is brighter. Through the past five years of hurricanes and fires, insurance ...
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach ...
Insurance Insider13h
Mercury General expects to exceed its insurance retention level of $150mn
Mercury General Corporation is expecting losses from the Los Angeles wildfires to exceed its insurance retention level of ...
Why MCY Stock Is Crashing 20% Today
California-based property and casualty insurer Mercury General (MCY) is tumbling 20% today after the insurer warned that its losses from California ...
LA fires: Forecast for damages triples to $150B — as California faces an existential insurance crisis
AccuWeather experts revised their estimate of the damages from about $50 billion to between $135 billion and $150 billion.