Investing
P&C Insurers Face Above-Normal Tornado Expectations In 2012 (ALL, PGR, BRK.B)
Published:
Before you hit the panic button too hard, ask yourself just how accurate you think the weatherman is. All cynical thinking aside, AccuWeather.com is calling for an above-normal year of tornado activity in 2012. This is on the heels of what was nearly a record year in 2011. In 2011, there were 1,709 tornadoes and the record is said to be 1,817 back in 2004.
There is an obvious observation… Living in a trailer might bring on some added risks in 2012. So far the report is not causing any panic in the property and casualty insurers:
Allstate Corporation (NYSE: ALL) is flat at $31.39 against a 52-week trading range of $22.27 to $34.40. Berkshire Hathaway Inc. (NYSE: BRK.B) is even up modestly and it has exposure on insurance and on reinsurance. Progressive Corporation (NYSE: PGR) is also up 0.4% at $21.52.
Maybe the obvious answer is that ‘above average’ means that insurers will get to charge more than normal as well.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
