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Stock impact report

Chubb, Allstate able to absorb Harvey losses -Barron's [Reuters]

Chubb Limited (CB) 
Last chubb limited earnings: 4/21 04:05 pm Check Earnings Report
Company Research Source: Reuters
Chubb, Allstate able to absorb Harvey losses -Barron's | Reuters Reuters Staff 1 Min Read NEW YORK, Sept 3 (Reuters) - The damage from Hurricane Harvey, while likely one of the costliest disasters for property and casualty insurers, probably will not meaningfully dent the industry’s capital base, Barron’s said on Sunday, naming insurer Chubb as a top pick. Barron’s also said that auto-insurance exposure to the hurricane, while large, is manageable - allowing industry leaders such as Allstate to manage well through the crisis. Insurer Chubb Ltd is still a good bet for investors, Barron’s said, and has greater international exposure plus more growth opportunities than domestic competitor Travelers Insurance. Auto losses are higher than initial projections, but Allstate Corp. and Berkshire Hathaway Inc. can comfortably absorb them, Barron’s said. (Reporting by Michael Flaherty; Editing by Andrew Hay) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges Show less Read more
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