USA Property

Property and casualty insurance stocks slump on Hurricane Milton-related fears Another catastrophe adds to insurers' Florida woes Analysts say the full extent of hurricane season damage still unknown Oct 7 (Reuters) - U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 on its path toward Florida's western coast, marking yet another costly disaster for the industry to cover this year. Insurers are expected to face catastrophe-related claims for billions of dollars from a devastating hurricane season. Catastrophe losses refer to a significant...