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Allstate Canada says water damage claims from external flooding nearly doubled in 2025
Globenewswire· 2026-02-23 11:02
Core Insights - Allstate Canada reported a significant increase in water-related home insurance claims for 2025, highlighting a gap between risk awareness and preventive measures taken by homeowners [1][2]. Claims Data - Home insurance claims due to external water sources nearly doubled, increasing by 94% in 2025 compared to 2024, with water damage accounting for 24% of all home insurance claims in 2025 [2]. - From 2021 to 2025, water damage represented over 40% of all home insurance claims, with external water sources responsible for nearly one-third (31%) of all water-related claims during this period [2]. Risk Awareness and Prevention - A Léger survey indicated that while many Canadians recognize the risk of flooding, there is a lack of action to mitigate it, with 53% of respondents not planning to take any preventive measures for flooding this spring [3][5]. - Among those planning preventive actions, the most common step is clearing gutters and drains (26%), while only 17% intend to hire professionals for assistance, suggesting a potential underestimation of necessary preventive measures [5]. Recommendations for Homeowners - Allstate Canada encourages homeowners and renters to take proactive steps to reduce flooding risks, such as cleaning gutters, testing sump pumps, and communicating early with landlords about potential issues [4][6]. - Homeowners are advised to review their insurance policies to understand coverage for water damage and identify any gaps in optional coverage [6]. Survey Methodology - The Léger poll was conducted among 1,527 Canadians aged 18 and over, assessing their concerns about flooding and awareness of flood-related insurance coverage [5][7].
Anterix: Growth Spectrum In Line With Fundamentals And Technicals
Seeking Alpha· 2026-02-23 09:54
Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investment opportunities, particularly in sectors like banks, hotels, and shipping [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of using platforms like Seeking Alpha for analysis indicates a growing reliance on data-driven investment strategies among investors in both the ASEAN and US markets [1]
Marsh Risk scales up US digital infrastructure protection
Yahoo Finance· 2026-02-23 09:21
Core Insights - Marsh Risk has launched Nimbus Casualty, an insurance facility aimed at providing excess general liability coverage during the construction phase of digital infrastructure projects in the US [1][2] - The facility offers coverage capacity of up to $75 million, with a minimum attachment point of $25 million, and is backed by A+ rated insurers from Lloyd's and the London market [1][2] - The introduction of Nimbus Casualty is part of Marsh Risk's strategy to address the complexities and challenges faced by clients in the US casualty market, particularly those involved in large-scale digital infrastructure projects [2][3] Coverage and Features - Nimbus Casualty employs Marsh Risk's proprietary XSellence excess casualty form, which simplifies claims handling and enhances coverage clarity [2] - The facility is designed to provide clients with the necessary advice and coverage certainty to protect their digital infrastructure investments effectively [3] Market Context and Financial Performance - The launch of Nimbus Casualty follows the extension of Marsh Risk's Nimbus facility, which supports large-scale data center construction with coverage limits of up to $2.7 billion for various insurance types [3] - In the fourth quarter of 2025, Marsh Risk reported an increase of $3.7 billion in revenues, marking a 10% growth compared to the same period in 2024 [4]
Swiss Re Corporate Solutions to buy QBE credit and surety unit
Yahoo Finance· 2026-02-23 09:14
Group 1 - Swiss Re Corporate Solutions has agreed to acquire the Global Trade Credit and Surety division from QBE Insurance Group, pending regulatory approval [1][3] - The acquisition aims to enhance Swiss Re's credit and surety insurance business and expand its services for corporate clients, aligning with its strategy for diversification and growth [1][4] - QBE's Global Trade Credit and Surety business is expected to generate approximately $200 million (SFr154.44 million) in annual revenue [2] Group 2 - QBE Group CEO Andrew Horton stated that the divestment supports QBE's strategic focus on optimizing its portfolio and reallocating resources towards growth opportunities that align with its long-term strategy [3] - Swiss Re Corporate Solutions plans to collaborate with QBE during the transition to ensure continuity for policyholders, brokers, and staff [4] - Swiss Re Corporate Solutions CEO Ivan Gonzalez emphasized that the acquisition will strengthen their global credit and surety platform with a profitable portfolio and experienced team [4][5]
BMO Capital Increases Chubb (CB) Target, Cites Earnings Growth Potential
Yahoo Finance· 2026-02-23 01:42
Chubb Limited (NYSE:CB) is included among the 14 Best Warren Buffett Dividend Stocks to Buy. BMO Capital Increases Chubb (CB) Target, Cites Earnings Growth Potential On February 10, BMO Capital analyst Michael Zaremski raised his price objective on Chubb Limited (NYSE:CB) to $326 from $286. The analyst reiterated a Market Perform rating on the stock. He reviewed its fourth-quarter results and noted that while many analysts expect margin improvement to level off, there could still be additional upside to ...
In HelloNation, Insurance Expert Ellie Mills of Boca Raton, FL Clarifies What Condo Owners Need to Know About Coverage Responsibilities
Prnewswire· 2026-02-23 00:00
BOCA RATON, Fla., Feb. 22, 2026 /PRNewswire/ -- Do Boca Raton condo owners need their own insurance even if their HOA has a policy? AHelloNation article answers this question by breaking down how HOA insurance works and where individual condo owners are still financially responsible. The article provides clear guidance on what is—and isn't—covered under master policies and why personal condo insurance remains essential. Continue Reading Speed Speed Ellie Mills, President of Mills Insurance Agency Inc The ar ...
Markel Group Inc. (MKL): A Bull Case Theory
Yahoo Finance· 2026-02-22 23:57
We came across a bullish thesis on MKL on Casteleyn Partnership Substack. In this article, we will summarize the bulls’ thesis on MKL. MKL's share was trading at $2,102.15 as of February 6th. MKL’s trailing and forward P/E were 12.42 and 14.62 respectively according to Yahoo Finance. Is Berkshire Hathaway Inc. (BRK-A) the Highest-Priced Stock Right Now? 15 Best States for Homeowners Insurance in the US Markel Group Inc., through its subsidiaries, engages in the insurance business in the United States an ...
Banking Crisis 2.0? The "Contagion" ETF That Gains 3% for Every 1% Banks Drop
The Motley Fool· 2026-02-22 17:00
The Direxion Daily Financial Bear 3X Shares is still useful for some traders, but don't expect it to act like 2008 is back.Lost in the commotion of the Global Financial Crisis was the fact that, back then, exchange-traded funds (ETFs) were young. They still are in financial market terms, but in 2008, the State Street SPDR® S&P 500 ETF Trust, which was the first ETF to trade in U.S., was just 15 years old. Yet even with that relative youth, one of the "stars" of the crisis was an ETF: The Direxion Daily Fina ...
Insurers Judged By The Trucking “Company” They Keep
Yahoo Finance· 2026-02-22 11:12
Five people died on I-20 near Terrell, Texas, when a Hope Trans LLC semi hauling U.S. mail slammed into stopped traffic. The driver, Alexis Osmani Gonzalez-Companioni, admitted he fell asleep at the wheel. He was driving solo on a route that, under USPS policy, required team drivers. The truck’s cab card was falsified. A company official was indicted. Former drivers described a culture of falsified logs, backdated shipping documents, and coded language; “coffee” meant they needed more illegal drive time.KG ...
M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers
The Economic Times· 2026-02-22 05:50
Market Overview - The 30-share BSE Sensex increased by 187.95 points, or 0.22 percent, over the past week [1] Company Valuations - The market valuation of Larsen & Toubro rose by Rs 28,523.31 crore to Rs 6,02,552.24 crore [2][6] - State Bank of India (SBI) added Rs 16,015.12 crore to reach Rs 11,22,581.56 crore [2][6] - HDFC Bank's valuation climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore [2][6] - Life Insurance Corporation of India (LIC) increased by Rs 5,977.12 crore to Rs 5,52,203.92 crore [2][6] - Bajaj Finance's market capitalisation advanced by Rs 3,142.36 crore to Rs 6,40,387 crore [4][6] - Reliance Industries' valuation went up by Rs 202.99 crore to Rs 19,21,678.78 crore [4][6] Declines in Valuation - Bharti Airtel's market capitalisation fell by Rs 15,338.66 crore to Rs 11,27,705.37 crore [5][6] - ICICI Bank's valuation decreased by Rs 14,632.10 crore to Rs 9,97,346.67 crore [6] - Infosys' market capitalisation declined by Rs 6,791.58 crore to Rs 5,48,496.14 crore [6] - Tata Consultancy Services (TCS) dipped by Rs 1,989.95 crore to Rs 9,72,053.48 crore [6] Top Valued Firms - Reliance Industries remains the most-valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys [6]