US property and casualty insurers slide as Los Angeles wildfire losses mount
By Manya Saini(Reuters) -U.S. property and casualty insurance stocks slid in premarket trading on Friday on worries over the billions...
archiveproperty and casualty insurance
US property and casualty insurers slump as hurricane season brings losses
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...