{
Arch Capital Group Ltd.

Companies

}
Symbol ACGL
Name Arch Capital Group Ltd.
Currency USD
Sector Financials
IndustryGroup Insurance
Industry Insurance
Market NASDAQ Global Select
Country Bermuda
State
City Pembroke
Zipcode HM 08
Website http://www.archcapgroup.com
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california wildfires impact insurance stocks and market outlook

Shares of Mercury Insurance fell 6.5% amid ongoing wildfires in California, which have caused significant damage, particularly in Pacific Palisades. Travelers received a double-upgrade from Goldman Sachs, with analysts predicting manageable insurance losses from the fires, estimated between $52 billion and $57 billion. The impact on insurance stocks is notable, with Travelers and Allstate expected to face substantial claims.
Investor's Business Daily
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14:51 09.01.2025
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