Hawaii wildfires will burden Insurance stocks post sales by US Lawmakers
Insurance stocks are bracing for heavy losses after recent wildfires caused heavy damage in Hawaii @GuyAdami and @TimSeymour weigh in on the space:
Tragic events in Hawaii will burden Insurance stocks that are staked in the state's housing market; not just $CB, but also $ALL & $AIG among others. Previously, Rep. Goldman sold $CB stock in early July. Four other colleagues prior to him also sold in 2023.
Insurance stocks are bracing for heavy losses after recent wildfires caused heavy damage in Hawaii @GuyAdami and @TimSeymour weigh in on the space:
