Insurers brace for multi-billion dollar losses after Baltimore ship tragedy [Globe and Mail, The (Toronto, Canada)]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.moodys.com/home/default.aspx
Company Research
Source: Globe and Mail, The
“While the total cost of the bridge collapse and associated claims will not be clear for some time, it is likely to run into the billions of dollars,” said Mathilde Jakobsen, senior director, analytics at insurance ratings agency AM Best. Ship liability insurance, which covers marine environmental damage and injury, is provided through protection and indemnity insurers known as P&I Clubs. The International Group of P&I Clubs collectively insures approximately 90% of the world's ocean-going tonnage and member P&I clubs mutually reinsure each other by sharing claims above $10 million. According to AM Best, the group holds general excess of loss reinsurance cover up to the value of $3.1 billion. Moody's Ratings analyst Brandan Holmes said approximately 80 different reinsurers provided that cover to the ship's insurers. “While the total claim is expected to be high, it is unlikely to be significant for individual reinsurers since it will be spread across so many,” he said. In
Show less
Read more
Impact Snapshot
Event Time:
MCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCO alerts
High impacting Moody's Corporation news events
Weekly update
A roundup of the hottest topics
MCO
News
- UPDATE 1-Moody's downgrades Bolivia rating to 'Caa3', changes outlook to stable [Yahoo! Finance]Yahoo! Finance
- Fitch downgrades Boeing's outlook to ‘negative' on production, cashflow challenges [CNBC]CNBC
- Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges [Reuters]Reuters
- Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges [Yahoo! Finance]Yahoo! Finance
- Moody's assigns Aaa rating to Bank of Åland Plc's CBA Covered Bond Program and all the currently outstanding Covered Bonds under the Program [Yahoo! Finance]Yahoo! Finance
MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website