2 insurance stocks to buy at a bargain amid LA fires sell-off
Chubb(CB) Finbold·2025-01-13 10:20
The insurance sector is reeling as related stocks plummeted following the negative impact of the devastating wildfires in Los Angeles.Notably, insurers with significant exposure to California homeowners are bracing for one of the largest claims events in history, with analysts estimating losses from the inferno could range between $10 billion and $20 billion, further pressuring the sector.Despite the stock sell-off, this downturn presents a potential opportunity for investors. Market turbulence has created ...