Company Insights
De-risking saved the day for insurers – but some are concerned about tomorrow
For nearly a decade now, the increasing intensity and cost of natural disasters has been one of the most significant headwinds for property insurers.
Reporter
Safiyah Riddle
Company Insights
Progressive Insurance outmaneuvers competitors in the third quarter
It was a tale of two halves of the year for Progressive Insurance, after third quarter earnings topped estimates and reversed dire trends from the previous quarter.
Company Insights
Wingstop soars past Wall Street expectations in the third quarter
Wingstop’s third quarter performance trounced Wall Street’s expectations on Wednesday, as strategic innovations from last year expanded Wingstop’s consumer base through the second half of the year and the company successfully insulated itself from supply-side inflation.
Company Insights
Progressive pulls back in Florida, overall outlook still unclear
Progressive insurance announced that it will be pulling back on homeowner insurance in Florida, in the latest effort to recover from the combined impacts of inflation and the surging cost of the climate crisis in certain states.
Stocks
Investors bet on Manhattan, despite uncertainty
Remote work has pummeled revenue for office landlords to historic lows over the past year and demand for office space has shown no signs of full recovery – leading to credit downgrades and widespread concerns about economic fallout.