LA wildfires may be costliest in U.S. history, forecast says

More on Allstate

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• Seeking Alpha | January 12, 2025

The Score: Meta Platforms, Moderna, Edison International and More Stocks That Defined the Week

Meta Platforms is ending fact-checking and speech restrictions across Facebook and Instagram, as Chief Executive Mark Zuckerberg embraces a second Trump presidency. Starting in the U.S., Meta will be replacing fact-checkers with a so-called Community Notes system. Zuckerberg built up Facebook’s content-policing efforts in the wake of Trump’s first presidential election.

Yahoo | January 10, 2025

Utility, insurance stocks falling as California wildfires blaze

Insurance and utility stocks, like Edison International (EIX), Pacific Gas and Electric Company (PCG), Allstate (ALL), Progressive (PGR), and Travelers (TRV), are under pressure amid the ongoing wildfires in Los Angeles, California. The blazes have been projected to cause up to $150 billion of damages, and at least 180,000 have been evacuated so far. Market Domination Co-Hosts Julie Hyman and Josh Lipton outline what investors need to know. Follow along Yahoo Finance's coverage of the southern California fires, looking into what this could mean for the broader insurance industry as people seek to submit claims for damages: California fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCaliforn...

Yahoo | January 10, 2025

Allstate Helping Southern California Customers, Communities Recover from Wildfires

NORTHBROOK, Ill., January 10, 2025--Allstate is supporting Southern California customers with their claims to help start their recovery from the wildfires. The Allstate Foundation has pledged two contributions totaling $750,000 to the American Red Cross and the Center for Disaster Philanthropy, strengthening these organizations’ ability to support communities affected by disasters.

Yahoo | January 10, 2025

Allstate Stock, Other Insurers Fall as Firefighters Begin Containing L.A. Fires. Record Losses Are Expected.

Shares in Mercury, a publicly-owned insurer highly exposed to California, crashed ahead of Friday's opening bell.

Yahoo | January 10, 2025

California fires spark insurance crisis, projected losses of $150B

Five wildfires are still burning in Southern California, spreading to nearly 30,000 acres and destroying over 10,000 homes and businesses. While losses from the fires are expected to reach $150 billion, according to AccuWeather, these events are presenting a serious challenge for the insurance industry, particularly homeowners insurance in the region. CFRA Equity Research Vice President Cathy Seifert joins Morning Brief to uncover the impact this natural disaster event could pose for the broader insurance industry; major insurance stocks like Allstate (ALL), the Travelers Companies (TRV), Chubb (CB), Mercury (MCY), and American International Group (AIG) have been falling amid the increasing severity of the fires. “The insurance industry does have the capacity to address these claims. Th...

Yahoo | January 10, 2025

Insurance stocks tumble as LA blazes 'among the most costly wildfires' in California history

Insurance and utility stocks with California exposure took a hit Friday as the Los Angeles fires continued to rage.

Yahoo | January 10, 2025

Here's Why Allstate (ALL) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Yahoo | January 10, 2025

Analysis: California Wildfires Insured Losses Will Near $10 Billion

The majority of these losses are expected to come from homeowners' insurance.

Yahoo | January 9, 2025

California Was Already in Home-Insurance Crisis Before Los Angeles Infernos

Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.

Yahoo | January 9, 2025