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Homeowners are increasingly facing climate risks, with extreme weather events and rising insurance costs impacting the real estate market. Major insurers are scaling back in high-risk areas like California and Florida, while new data on climate risks is becoming available, potentially influencing home values and investment decisions. As awareness grows, platforms like Realtor.com and Zillow are integrating climate risk ratings, highlighting the urgency for homeowners and investors alike.
The Allstate Corporation has received a Buy rating from UBS. The company operates primarily in three segments: Property insurance, which accounts for 95.3% of revenues, includes car, home, accident, property damage, and liability insurance; Life insurance represents 4.5% of revenues, providing financial protection against risks; and Other, which makes up 0.2%.
Elizabeth Brady, EVP of Allstate, sold 49,481 shares at $179.09 each on August 16, totaling $8.86 million, while insider John E. Dugenske sold 36,367 shares at $191.38 each on September 20 for nearly $7 million. In the last 90 days, insiders sold 192,530 shares valued at $34.97 million, with company insiders owning 1.80% of the stock. Institutional investors and hedge funds hold 76.47% of Allstate's shares.
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