ALL250117P155000
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Allstate Newsroom
Los Angeles Wildfires Blaze On, Strong Winds to Intensify This Week
L.A. Death Toll Rises. Wildfires Could Be Costliest in U.S. History. -- Barrons.com
The Los Angeles fires caused losses of over a hundred billion dollars. Moody's expects California insurance companies such as Mercury Global (MCY.US) and Allstate (ALL.US) to face huge compensation payouts.
Last Thursday, JPMorgan raised its estimate of Insurance losses caused by the fire from nearly 10 billion dollars a day earlier to over 20 billion dollars.
Futu Daily Report | Jensen Huang announces NVIDIA's latest breakthroughs in physical AI, OpenAI officially enters the robotics field; December non-farm payrolls surge, US stocks "plummet back to pre-election levels overnight."
As the "Trump effect" fades, the market gains in US stocks after the election have been completely wiped out. After Friday's close, the S&P 500 Index has only increased by 0.8% since the election on November 5, which may mark the weakest performance from election day to inauguration since Obama took office in 2009.
Moody's Assesses California's P&C, Commercial Property Insurers Amid Wildfire Disaster
Goldman Sachs Reaffirms Their Buy Rating on Allstate (ALL)
Insurers Gain Wall Street's Vote of Confidence, With Caveats
California's $10 Trillion Property Market Faces Unprecedented Threat From Wildfires
Trending Stocks Amid Jittery Week for Wall Street
These Stocks Moved the Most Today: Walgreens, Delta, Nvidia, AMD, Constellation Energy, Allstate, Mercury General, Constellation Brands, and More -- Barrons.com
10 Dead, 9,000 Structures Damaged In Los Angeles Wildfires: The Latest
Shares of Mercury General, Lemonade, Other Insurers Fall in Wake of California Wildfires
Allstate (ALL) Stock Plunges as L.A. Wildfire Damages Top $150 Billion
Allstate Helping Southern California Customers, Communities Recover From Wildfires
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. -- Barrons.com
Wall Street Tumbles On Blowout Payrolls, Oil Rallies To $76, US Dollar Hits 26-Month Highs: What's Driving Markets Friday?
Shares of Insurance Stocks Are Trading Lower Amid California Wildfires.
KBW Maintains Allstate(ALL.US) With Buy Rating, Raises Target Price to $243
Allstate Down Over 5%, On Pace for Largest Percent Decrease Since August 2023 -- Data Talk
US stock movement | Destruction from the Los Angeles fire spreads, causing a significant drop in the Insurance Sector.
As the destruction caused by the fires in Los Angeles spreads, Stocks of insurance companies related to the California Real Estate market have been heavily sold off.