Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm

Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm

ByCitiGist

Allstate Corp. late Wednesday told Wall Street to expect higher catastrophe losses on its balance sheet, thanks to the severe winter storm that blanketed two-thirds of the U.S. in frigid temperatures and snow in December. Allstate ALL, -2.28% estimated fourth-quarter catastrophe losses of $779 million, including December losses of about $616 million. FactSet consensus calls…

Hurricane Ian: These stocks could feel the storm’s impact

Hurricane Ian: These stocks could feel the storm’s impact

ByCitiGist

As Florida braces for Hurricane Ian’s landfall, a range of companies — from providers of rebuilding supplies to food retailers and parts of the insurance sector — will likely feel the impact. The hurricane is expected to cause catastrophic storm surges, winds and flooding on the Florida peninsula starting Wednesday, the National Hurricane Center warned…