With extreme weather comes extreme insurance prices for homeowners in disaster-prone states [CBS News]
The Travelers Companies, Inc. (TRV)
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Source: CBS News
Major insurance companies, including Allstate and State Farm, have stopped renewing policies in extreme-weather states like California and Florida, forcing residents there to find another insurer at a higher premium. AAA last year also decided not to renew some policies in Florida, a state that has seen an increase in powerful storms and coastal flooding. Homeowners depend on their insurance policies to help with the steep price of paying for damages to their property in the event of accidents and bad weather. But insurers say they're backing out of certain states because the chance of extreme damage from flood, hurricane or fires makes it too expensive to insure residents. The remaining insurers, meanwhile, have opted to increase their rates . Travelers Insurance, for example, got the OK from California state regulators this week to raise homeowners' rates an average 15.3%. The rate change will impact more than 320,000 Californians who have Travelers coverage now, according to d
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- Travelers (TRV) Up 4.2% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- With extreme weather comes extreme insurance prices for homeowners [Yahoo! Finance]Yahoo! Finance
- The Travelers Companies, Inc. (NYSE: TRV) had its price target raised by analysts at Morgan Stanley from $214.00 to $216.00. They now have an "equal weight" rating on the stock.MarketBeat
TRV
Earnings
- 4/17/24 - Miss
TRV
Sec Filings
- 5/17/24 - Form 8-K
- 5/17/24 - Form 4
- 5/16/24 - Form 3
- TRV's page on the SEC website