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☆ Stocks making the biggest moves premarket: Delta, Walgreens, Constellation Energy, Allstate and more
▼ + stars: | 2025-01-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Delta posted adjusted earnings of $1.85 per share in $14.44 billion in revenue. That surpassed the EPS of $1.75 and $14.18 billion in revenue expected by analysts polled by LSEG. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Constellation Energy — Shares rallied 9% after confirming it will acquire Calpine in a deal that includes cash and stock. Citi upgraded shares to buy from neutral, while Wells Fargo raised its rating to overweight from equal weight.

Persons: LSEG, Los Angeles . Edison, Truist, Sunrun, Jimmy Choo, Michael Kors, Wells Fargo, —, Jesse Pound, Samantha Subin, Hakyung Kim, Michelle Fox Organizations: Delta Air Lines, Delta, LSEG, Walgreens, Alliance, Constellation Energy, Edison, Los Angeles ., Wednesday, Allstate, Travelers, Chubb —, JPMorgan, Semiconductor, Archer Aviation, Joby Aviation, JPMorgan downgrades, UBS, Citi, Capri Holdings Locations: Southern California, Los Angeles, California

☆ Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
▼ + stars: | 2025-01-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan. Insurers exposed to the California homeowners' market sold off sharply Friday as the devastation caused by the Los Angeles wildfires spread. The insured losses from this week's fires may exceed $20 billion, and the estimate could be even higher if fires spread, the JPMorgan estimated Thursday. Moody's Ratings expected insured losses to run well into billions of dollars given the area's high values of homes and businesses in the affected areas. Insurance companies have asked Southern California Edison to preserve evidence related to the devastating wildfires that have swept Los Angeles, according to a company filing to regulators.

Persons: Kenneth, Chubb, — CNBC's Spencer Kimball Organizations: AllState, Chubb, Travelers, JPMorgan, Allstate, AIG, Los, JPMorgan . Insurance, Southern, Southern California Edison, Arch Capital, RenaissanceRe Holdings Locations: Angeles county , California, California, Los Angeles, Aon, Southern California

☆ Stocks making the biggest moves midday: Allstate, Walgreens, Delta, Warner Bros Discovery and more
▼ + stars: | 2025-01-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Delta posted adjusted earnings of $1.85 per share on $14.44 billion of revenue. Capri Holdings — The luxury fashion group rose more than 9% following upgrades from Citi and Wells Fargo. Jefferies reported 93 cents earnings per share, while analysts anticipated 97 cents earnings per share, according to FactSet. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Disney , Warner Bros Discovery , Fox — The media stocks fell after scrapping plans for Venu , a joint sports streaming service.

Persons: Chubb, Edison, Jefferies, LSEG, Venu, Truist, Goldman Sachs, Daniel Grosslight, —, Yun Li, Alex Harring, Michelle Fox, Lisa Kailai Han, Jesse Pound Organizations: Delta Air Lines, Delta, Constellation Energy, Constellation, Capri Holdings, Citi, Wells, Allstate, Chubb, Los, AIG, AllState, Travelers, JPMorgan, . Edison, Wednesday, Jefferies, Walgreens, Alliance, Disney, Warner Bros Discovery, Fox, Warner Bros, Semiconductor, Constellation Brands, FactSet, Goldman, AMD Locations: Wells Fargo, California, Los Angeles, Southern California, FactSet

Under the rule, insurance companies are permitted to pass on the cost of reinsurance to consumers, although at an amount that can't exceed an industry standard. Reinsurance is protection that insurance companies acquire to shield themselves from catastrophic claim events. Typical property insurance policies, however, don't generally cover damage from disasters such as earthquakes, floods and landslides. The concern isn't whether insurance companies will pay out for damage but rather how much and how long it will take, Bach said. California does have an insurance program under the Fair Access to Insurance Requirements Plan, established in the 1960s, which provides fire insurance coverage for high-risk properties.

Persons: Amy Bach, United, Ricardo Lara, didn't, Morgan, Bach, weren't, Janet Ruiz, Ruiz Organizations: of Insurance, The Insurance Department, Morgan Insurance, Pacific Palisades, State Farm, Farm, Allstate, Mercury Insurance, Insurance Information Institute, NBC Bay Area Locations: Los Angeles, California, Westside, Pacific Palisades, Paradise

☆ California’s insurance is in crisis. The solution will cost homeowners a ton
▼ + stars: | 2025-01-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

Some of those policies were not renewed by homeowners, according to an insurance industry trade group. The issue has continued to build over the past several years, State Insurance Commissioner Ricardo Lara and consumer groups say. Those policies have higher premiums than traditional private insurance and less coverage, often requiring homeowners to buy additional “wrap around” coverage at an even higher cost. The policy is designed to get private insurers to take back much of the coverage now handled by California FAIR. California is the only state that hasn’t allowed the cost of reinsurance to be factored in to rates, she said.

Persons: New York CNN — Lynne Levin, Guzman, ’, “, I’m, —, ”, “ They’ve, they’ve, Levin, Ricardo Lara, Etienne Laurent, ” Lara, Mike Blake, Lara, Carmen Balber, Janet Ruiz Organizations: New, New York CNN, CNN, KABC, California Department of Insurance, State, California FAIR, FAIR, Reuters, Consumer Watchdog, Group, Farmers, Allstate, Insurance Information Institute Locations: New York, Los Angeles County , California, California, Los Angeles County, Malibu, American, Los Angeles, Palisades, . California

☆ Experts break down how the Palisades fire will worsen California's insurance crisis
▼ + stars: | 2025-01-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

ADSince 2022, major insurance companies have either stopped writing new policies, pulled back coverage, or dropped residents altogether. Last March, State Farm, the state's largest home insurance provider, dropped 72,000 property policies in the state, including 69% of policies in Pacific Palisades. This week's fires will only worsen the situation, insurance and real estate experts told Business Insider. AD"It's like we took two steps forward, then we just took five back," California insurance agency owner Nick Ramirez told BI. Insurance will continue to get more expensive for the whole regionFirefighters outside a home in the Pacific Palisades in Los Angeles.

Persons: Nick Ramirez, Ramirez, Hurst, Genaro Molina, it's, " Ramirez, Darren Nix, Nix, Kevin Herzberg, Herzberg Organizations: Allstate, LA Times, Insurance, Firefighters, Los Angeles Times, Getty, Insurance Company, realtors, Newsweek Locations: California, Pacific Palisades, Los Angeles County , California, Los Angeles County, Altadena, Los Angeles

☆ Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
▼ + stars: | 2025-01-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Global insured losses climbed to $140 billion last year, according to a report from Munich Re. Extreme weather events battered global insurance markets last year, bringing losses to a seven-year high amid a series of intense hurricanes and wildfires. The amount is more than double a 30-year average of around $61 billion and marks the third most expensive year for insured losses over the same timeframe. Still, insured losses comprised less than half of the $320 billion total weather-related losses for the year, which came in at over triple the 30-year average. ADOnly $16 billion of Hurricane Helene's total $56 billion in losses were covered by insurers, while insurers covered $25 billion of Hurricane Milton's total $38 billion loss.

Persons: Helene, Hurricanes Milton Organizations: Hurricanes Milton, US, Munich Re, Hurricanes, Morningstar, Farm, Allstate, California FAIR Locations: Munich, Los Angeles, Georgia, North Carolina, Florida, Japan, New, California

☆ Calls of the Day: Leidos, Accenture, Travelers and Allstate
▼ + stars: | 2025-01-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Leidos, Accenture, Travelers and AllstateThe Investment Committee debate the latest Calls of the Day.

Organizations: Accenture, Travelers, Allstate

☆ Want to land a remote job in 2025? These 20 companies are hiring—some jobs pay over $100,000
▼ + stars: | 2025-01-07 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

There might be a shrinking share of remote jobs, but it's still possible to find work-from-home opportunities — if you know where to search. FlexJobs saw a 20% increase in the number of remote job listings in 2024 over 2023, returning to growth levels last seen in 2022. Marketing, accounting, and finance also saw over 30% growth in remote job opportunities in 2024, according to FlexJobs' research. In the 20 companies hiring for the most remote jobs, the most commonly represented industries are tech, HR and recruiting, finance and health care. That could open more opportunities for remote job seekers in a crowded market.

Persons: FlexJobs, John Mullinix, Kelly, Kelly TELUS Robert, AECOM Lee Hecht Harrison, there's, Toni Frana, Frana Organizations: LinkedIn, Wall Street, Kelly TELUS, Kelly TELUS Robert Half International, Therapeutics, Health, Financial, Amazon, Boeing, Spotify, Allstate, CNBC Locations: FlexJobs, U.S

☆ New Orleans ramps up security ahead of Mardi Gras and Super Bowl, but concerns and questions remain
▼ + stars: | 2025-01-06 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

The city had also been gearing up for Carnival, with weeks of parades, performances and parties starting Monday. And in February, the crown jewel of American sports: Super Bowl LIX. The Special Event Assessment Rating (SEAR) designation and five-tiered ranking system determine whether events require federal security support such as field intelligence teams, air security, bomb detection dogs and more. The Super Bowl has been designated SEAR 1, the top tier reserved for “significant events” with national or international importance requiring “extensive” support. But there were no such sturdy bollards on New Year’s Eve; they were under repair, with new barriers set to be installed before the Super Bowl takes place.

Persons: Joe Biden, LaToya Cantrell, revelers, Jeff Landry, ”, Mayor Cantrell, –, they’re, we’re, ” Cantrell, Cantrell, Jill Biden, “, George Walker IV, Anne Kirkpatrick, Jean, Paul Morrell, ” Morrell, Din Jabbar, Myrthil, Jabbar, Latasha Polk, Landry Organizations: CNN, New, Allstate Sugar Bowl, Louisiana Gov, Super Bowl, Mardi, Authorities, Mardi Gras, WDSU, Tourists, Department of Homeland Security, FBI, Super, Bourbon, New Orleans Police, Gov Locations: New Orleans, Washington, Louisiana, WDSU . New Orleans, ”, Orleans, Bourbon, Egypt, Canada, Atlanta, Tampa, Cairo, Ontario

☆ New Orleans’ terror attack forces a great city yet again to face down a nightmare
▼ + stars: | 2025-01-04 | by ( Michelle Krupa | ) edition.cnn.com time to read: +12 min

And a street-cleaning crew was poised near the desecrated upper blocks of Bourbon Street to erase the reminders so revelers could return. Eduardo Munoz/Reuters‘I can’t believe it happened’Before Wednesday’s attack, New Orleans had been riding perhaps as high as anyone here could remember. “We don’t want them to win.”Weber had heard the screaming when the attack happened, watched people run, saw a body on the ground. “This city is here to stay.”Flowers lean Thursday against a wall near where people were killed by a man driving a truck in New Orleans. His wife had just told him about the French Quarter attack.

Persons: New Orleans CNN —, ”, Ciara Daigrepont, Daigrepont, Crews, Anne Kirkpatrick, “, ” Jennifer Jones, Eduardo Munoz, Mary, Will Bryant, Orleanian, ’ ”, ’, we’re, Michael Hecht, “ We’ve, We’ve, ” Bryant, … It’s, Taylor Swift, George Thornton Jr, Du, Cleo Ebanks, Li’l, it’s, Ebanks, you’re, Andrew Caballero, Reynolds, President Helena Moreno, Moreno, Charles Weber, “ They’re, They’re, We’re, ” Weber, “ We’re, Steve Gleason, Katrina, Gleason, ” Gleason, ” CNN’s Omar Jimenez, Jaide Timm, Garcia Organizations: New, New Orleans CNN, Army, Louisiana, ”, Allstate Sugar, Bourbon, Reuters, Sugar, New Orleans Inc, US Army, Caesars Superdome, The Times, of Terrorism, Getty, President, New Orleans Saints, Saints, Atlanta Falcons Locations: New Orleans, Uptown, Texas, Orleans, America, Crescent City, Mississippi, Carrollton, Tremé, Harahan, Bourbon, AFP, Lower Garden District, ”, “, Covid

Officials have postponed Wednesday night’s Sugar Bowl, a major sporting event in New Orleans, after authorities said a man plowed his truck into a crowd of New Year’s revelers in what is being investigated as a terrorist attack. The sold-out annual college football game will be postponed until Thursday night, Allstate Sugar Bowl chief executive officer Jeff Hundley said at a news conference Wednesday afternoon. The Sugar Bowl, played annually since 1935, was set to begin around 7:45 p.m., local time, and would have aired on ESPN. Chris Graythen / Getty ImagesIn an earlier statement, Hundley said the Sugar Bowl Committee was “devastated by the terrible events.”“Our thoughts and prayers are with the victims and their families,” the statement said. “We are deeply saddened by the senseless violence that occurred in New Orleans,” it said in a statement.

Persons: Jeff Hundley, Hundley, Din Jabbar, Chris Graythen, ” Organizations: Allstate Sugar Bowl, FBI, ESPN, Georgia Bulldogs, Notre Dame Fighting Irish, Police, Sugar, UGA Athletic Association Locations: New Orleans, Bourbon, Louisiana, Texas, ”

☆ 3 things you can do to level up your career in the new year
▼ + stars: | 2025-01-01 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Workers might consider building their AI skills to stay competitive, an executive told BI. Here are three ways you can level up your career in 2025, according to workplace experts. One way to improve your AI skills is simply to use it. Success in such areas often involves the soft skills employers say they're seeking and many bosses contend too many workers lack. Saad told BI that many nonprofits lack the resources to meet all of their operational needs.

Persons: Lisa Walker, Sean Barry, Barry, It's, Sam Altman, Kiki Leutner, Leutner, Leila Saad, Saad, you've, —, Jennifer Schielke, Daniel Zhao, Zhao, Harris, Zers, millennials Organizations: Workers, DHR, Allstate, University of Oxford, Group Solutions, Glassdoor

He and his brother-in-law filed paperwork to start Med Ed Labs, registering it as a nonprofit corporation. For example, the IRS revoked Med Ed Labs’ nonprofit status after it failed to file financial disclosures for three years. Some of the federal contracts were later terminated, including at least one that was canceled after Med Ed Labs failed to deliver. The State Anatomical Board, which had little power to regulate private companies, took no formal action against Med Ed Labs. North, the Health Science Center spokesperson, didn’t answer detailed questions about the center’s relationship with Med Ed Labs.

Persons: Andy North, Nassiri, —, who’d, I’ve, It’s, ” Nassiri, “ It’s, it’s, ”, King of Prussia, Claudia Yellott, ” Yellott, Yellott, UTHealth Houston, Kurt Clark, “, UTHealth, John Hubbard, Hubbard didn’t, ’, Sammy Rodriguez, Lynn, Rodriguez, David Saunders, ” Saunders ’, Elsie Saunders, I’m, Saunders Organizations: Health Science Center, NBC, Med Ed Labs, Allstate Insurance Co, Allstate, State Board of Health, NBC News, IRS, Ed Labs, Labs, Nordstrom, U.S . Army, Defense Health Agency, Army, Nassiri, University of North Texas Health, Science, FedEx, U.S . Postal Service, Texas —, Anatomical Board, Texas, Service, Health Science Locations: Iran, Las Vegas, Nevada, PetSmart, Sephora, Malden , Massachusetts, King, King of Prussia , Pennsylvania, Chicago, Bethesda , Maryland, Honolulu, San Antonio, Texas, Houston, Fort Worth, Portland , Oregon

☆ Cryptic clues at the scene of the UnitedHealthcare CEO's murder have people talking about a 2010 book scrutinizing the insurance industry. Here's what it says.
▼ + stars: | 2024-12-06 | by ( Jordan Hart | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

AdvertisementOfficials reportedly found bullet casings with the words "deny," "defend," and "depose" on them at Brian Thompson's murder scene. The words are similar to the title of a 2010 book about the insurance industry, "Delay Deny Defend." Multiple news outlets said that the shell cases found at the scene were inscribed with the words "deny," "defend," and "depose." A major part of this shift occurred when insurance companies, including Allstate in 1992, hired consulting giant McKinsey & Company, he said. The insurance companies started using computer systems to estimate the amounts to be paid and deterring claimants from hiring lawyers, he said.

Persons: Brian Thompson's, Brian Thompson, Jay M, Police haven't, Feinman, Andrew Cuomo, —, they're Organizations: Police, Rutgers, Farm, Allstate, Guardian, New York, McKinsey & Company, McKinsey, Insurance Locations: UnitedHealth, Aetna

☆ 3 things you can do before the end of the year to level up your career
▼ + stars: | 2024-11-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

AdvertisementWorkers can start taking steps now to help boost their careers into next year. People should enhance their AI skills to stay competitive, one executive told BI. Volunteering and side hustles can boost skills, empowerment, and career opportunities. One way to improve your AI skills is simply to use it. Saad told BI that many nonprofits lack the resources to meet all of their operational needs.

Persons: Sean Barry, Barry, It's, Kiki Leutner, Leutner, Leila Saad, Saad, you've, —, Jennifer Schielke, Daniel Zhao, Zhao, Harris, Zers, millennials Organizations: Workers, Allstate, University of Oxford, Group Solutions, Glassdoor

☆ Why it might be easier to change jobs next year
▼ + stars: | 2024-11-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Come 2025, you might find it's a tad easier to change jobs. If the job market doesn't strengthen as hoped, Zhao said some workers' frustrations over their 9-to-5 could rise. AdvertisementYet "if the job market heats up, then we'll likely see a wave of turnover as workers vote with their feet," Zhao said. Verizon has some 105,000 employees and typically fills about 20,000 jobs a year through a mix of internal and external candidates. "I don't think that it's going to be any easier to get the best of the best to work here," Schelling said.

Persons: Lisa Simon, Simon, Sean Barry, Barry, Daniel Zhao, Zhao, Michelle Volberg, she's, Volberg, Christina Schelling, Schelling, Tanya Moore, West, Moore Organizations: Labor, Revelio Labs, Allstate, Workers, Verizon, West Monroe Locations: West Monroe

☆ Here are Thursday's biggest analyst calls of the day: Nvidia, Tesla, Duolingo, Disney, Allstate, & more
▼ + stars: | 2024-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.

Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q

☆ Back-to-back Florida hurricanes signal trouble for home insurance prices nationwide
▼ + stars: | 2024-10-12 | by ( Grace Eliza Goodwin | Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. AdvertisementTwo back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider. The compounding financial crises of Hurricane Helene and Hurricane Milton could also point to looming hikes in insurance rates nationwide, the home insurance experts said. They pointed to the recent Florida storms as examples of the increasingly severe and frequent climate catastrophes wreaking havoc on the global insurance market. AdvertisementAn uptick in reinsurance rates in recent years has been a driving force behind climbing insurance rates nationwide, said Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents.

Persons: —, Kyle Ulrich, it's, Hurricane Helene, Hurricane Milton, Jeffrey Schlegelmilch, Oscar Miniet, Miniet, Coral, Milton, Helene, Shahid Hamid, Jeremy Porter, Porter, Hamid, Ulrich, Oscar Seikaly, Penny, Liao Organizations: Service, Florida Association of Insurance, Intercontinental Exchange, CBS News, Columbia Climate School's, Center for Disaster Preparedness, Tampa, Florida International University, Research Center's Laboratory for Insurance, Financial, Economic Research, Allstate, State, Florida Association of Insurance Agents, NSI Insurance, Hurricanes Locations: Florida, Hurricane, California, Illinois, Arkansas, Deltona, Jacksonville, Sarasota, Central Florida, Kentucky, Idaho, London, Bermuda, Japan

☆ Allstate CEO Tom Wilson: The insurance industry itself isn't in bad shape
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAllstate CEO Tom Wilson: The insurance industry itself isn't in bad shapeAllstate CEO Tom Wilson joins 'Squawk Box' to discuss the economic toll of Hurricane Helene and Milton, how the company responds to storms and other natural disasters, health of the insurance industry, and more.

Persons: Tom Wilson, Hurricane Helene, Milton Organizations: Allstate Locations: Hurricane

☆ Catastrophe bond investors unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.

Persons: aren't, —, Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton

Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

☆ These are the insurance stocks with the most at risk from Hurricane Milton, according to Piper Sandler
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Piper Sandler said Hurricane Milton could change the insurance market. Piper Sandler said Milton shares similarities with Ian, which resulted in $56 billion in insured losses. "Historically, insurance stocks fall as the hurricane approaches landfall and as it creates damage. Below is a table of estimated insured losses from insurance companies from Hurricane Ian. "The typical rebound in the insurance stocks happens when it becomes clear how large the insurance event was (or was not).

Persons: Piper Sandler, Milton, Paul Newsome, Hurricane Ian —, Newsome, Ian, LSEG, Chubb, — CNBC's Michael Bloom Organizations: Hurricane Ian, Allstate, American International Group, Heritage Insurance, Progressive, Universal Insurance Holdings, Travelers Locations: Florida, Milton, Hurricane, Newsome

☆ Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | Yun Li | ) www.nbcnews.com time to read: +1 min

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan Peninsula on Monday and Tuesday before crossing the Gulf of Mexico to approach the west coast of Florida by Wednesday, according to the National Hurricane Center. Hurricane Milton comes on the heels of Hurricane Helene, which killed more than 220 people and wrought devastation across the Southeast, particularly in North Carolina. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Persons: Hurricane Milton, Generac, Hurricane Helene, Chubb, Milton, Joshua Shanker Organizations: Generac Holdings, Hurricane, National Hurricane Center, North Carolina . Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance, Bank of America, Colorado State University, Research Locations: Hurricane, Yucatan, Mexico, Florida, Tampa, North Carolina, Fort Lauderdale , Florida

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah. Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 4 storm. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%. Lauderdale, plunged more than 20% as the catastrophe-prone carrier with Gulf Coast exposure could see heightened hurricane risks.

Persons: Hurricane Milton, Chubb Organizations: Captain Electric, Generac Holdings, Hurricane, National Hurricane Center, Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance Locations: Orem , Utah, Milton, Yucatan, Mexico, Florida, Tampa, Fort . Lauderdale

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