Insurance

According to union officials, Boeing Co (NYSE:BA) executives decided to cut health care benefits for 33,000 workers during an ongoing strike. The workers striking at Boeing facilities across Washington, California and Oregon were notified of the decision through postal notices sent to their homes....

Hurricane Helene’s devastation claimed the lives of more than 130 people and left nearly 800,000 without power, according to the latest figures. The storm, which made landfall on September 26, tore through the Florida Panhandle, Georgia and North and South Carolina. New Developments:...

Hurricane Helene and the aftermath of the Category 4 storm have left over 100 people dead, millions without power and destruction not seen in decades in several states since making landfall Thursday night. What Happened: The hurricane, which shut down airports, roads and bridges, theme parks and...

Hurricane Helene has caused extensive damage across the Southeast, from Florida to the Carolinas. The estimated property damage ranges between $15 billion to $26 billion, with an additional $5 billion to $8 billion in lost economic output. What Happened: Hurricane Helene has left a swath of...

Reinsurance Group of America (NYSE: RGA) shares have rallied 35.1% year to date (YTD) compared with the industry's growth of 21.5%. The Finance sector and the Zacks S&P 500 index have returned 14.3% and 20% YTD, respectively. With a market capitalization of $14.39 billion, the average...

The S&P 500 is a widely recognized benchmark for the US stock market, and it has undergone reshuffling due to the quarterly rebalancing process. This shake-up, driven by shifts in company performance and market capitalization, provides a unique lens into the evolving dynamics of the business...

In the latest trading session, Allstate (NYSE: ALL) closed at $191.82, marking a -0.55% move from the previous day. This move lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.56%. The insurer's stock has climbed by 5.35% in...

Key Takeaways: Yuanbao has filed for an IPO in New York, reportedly seeking to raise a relatively modest $50 million in a deal that could value it at more than $400 million Despite a difficult Chinese insurance market, the company’s platform that uses big data to match potential buyers with...

Better pricing, prudent underwriting, increased exposure and faster economic recovery should help Multiline insurers to grow. The industry has returned 17.7% year to date compared with the Finance sector's growth of 15.3%. The Zacks S&P 500 composite has witnessed an increase of 19.6% in...

Novo Nordisk A/S (NYSE:NVO) will consider ways to help patients get affordable prescriptions for weight loss drugs, CEO Lars Fruergaard Jorgensen told members of the U.S. Congress on Wednesday when asked if his company would lower U.S. prices for Ozempic and Wegovy. Jorgensen sat before the Health...

Würk, a human capital management (HCM) company in the cannabis industry, partnered with The Baldwin Group (NASDAQ:BWIN) to introduce a first-of-its-kind Employee Benefit Captive program. This innovative insurance collaboration aims to transform how legal cannabis companies manage and evaluate their...

Making its debut on 11/08/2005, smart beta exchange traded fund SPDR S&P Insurance ETF (ARCA:KIE) provides investors broad exposure to the Financials ETFs category of the market. What Are Smart Beta ETFs? For a long time now, the ETF industry has been flooded with products based on market...

Key Takeaways: Waterdrop’s revenue fell 0.4% in the second quarter, but its profit rose fourfold as it controlled costs in what it described as a market filled with “challenges” The company’s recent Waterdrop Guardian AI initiative took a step forward with the signing of a...