The Federal Reserve Chair warns that there is a serious crisis in the insurance industry, and some areas in the USA will be unable to obtain mortgages.

Federal Reserve Chairman Powell told Congress that the USA's spiraling insurance crisis signifies future difficulties in obtaining mortgages.

FX168Feb 12 20:32

Root's Super Bowl Survey: Nearly Half of Football Fans Watched Games While Driving This Season

GlobeNewswireFeb 5 22:25

Root, Inc. Schedules Conference Call to Discuss 2024 Fourth Quarter and Full Year Financial Results

GlobeNewswireJan 23 05:05

S&P has downgraded the ratings of the Los Angeles municipal utility bonds by two levels to A.

On January 15, 2023, Glonhui reported that S&P Global has downgraded the rating of Los Angeles Department of Water and Power municipal Bonds, lowering the rating from AA- to A, a drop of two levels. The rating agency stated that following the wildfire in Los Angeles, the Electrical Utilities system Bonds ratings are facing further and significant downward pressure. S&P also downgraded the rating of Los Angeles Department of Water and Power water system revenue Bonds from AA+ to AA-, a decrease of two levels.

Gelonghui FinanceJan 15 09:38

LA Wildfire Insurance-Loss Estimates Approach $40 Billion

BNN BloombergJan 15 06:52

Homeowners Insurance Suffers as California Wildfire Rages On

Zacks Jan 15 00:15

Root Is Maintained at Equal-Weight by Wells Fargo

Dow JonesJan 14 23:46 · Ratings

Root Analyst Ratings

BenzingaJan 14 23:35 · Ratings

Express News | Root, Inc. : Wells Fargo Raises Target Price to $80 From $78

BreakingsJan 14 19:18

Insured Loss for LA Fires Likely to Be Largest Wildfire Event to Date: Barclays

InvestingJan 14 16:56

The California wildfires continue to become "politicized"! Trump seizes the opportunity to attack his political opponents: they had the chance to protect the forests.

① Southern California in the USA continues to face wildfires, with limited progress in firefighting efforts. Trump criticized California Governor Newsom for not adequately protecting forests, claiming that the Los Angeles area is "left desolate." ② There are a total of 105 wildfires across California, with areas burned exceeding 163 square kilometers, 12,300 buildings destroyed, and 0.15 million residents evacuated in Los Angeles County.

cls.cnJan 14 11:06

LA Fire Insured Losses to Be a 'Manageable Earnings Event' for P&C Insurers: Jefferies

Seeking AlphaJan 13 23:36

Root Insurance to Host Current and Future Partners at National Automobile Dealers Association Show in New Orleans

GlobeNewswireJan 13 22:00

Root Wellness Named Official Energy Supplement of Dignitas

PR NewswireJan 13 21:30

Insurers Gain Wall Street's Vote of Confidence, With Caveats

Seeking AlphaJan 12 05:15

10 Financials Stocks Whale Activity In Today's Session

BenzingaJan 11 01:35

Root, Inc. to Participate in the 27th Annual ICR Conference

GlobeNewswireJan 9 05:05

Root, Inc.'s (NASDAQ:ROOT) Institutional Investors Lost 4.8% Over the Past Week but Have Profited From Longer-term Gains

Simply Wall StDec 25, 2024 00:29

Jefferies Maintains Root Inc(ROOT.US) With Buy Rating, Raises Target Price to $95

Futu NewsDec 21, 2024 03:31 · Ratings

Financials Allocations Top All-time High – BofA's Global FMS

Seeking AlphaDec 18, 2024 00:10