Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

As the Market Opens, Insurance, Utilities Face Huge Bills [VIDEO]

By

Property and auto insurers such as State Farm, Allstate, and Berkshire Hathaway could take a hit. One estimate says the industry could be on the line for up to $10 billion in damages.

PrintPRINT
Trading resumes after a two-day break for Sandy. Insurance companies may have to pick up billions of dollars in losses. Property and auto insurers such as State Farm, Allstate (NYSE:ALL), and Berkshire Hathaway (NYSE:BRK.A) could take a hit. One estimate says the industry could be on the line for up to $10 billion in damages.

Utilities face a huge bill for the clean-up and getting customers back on-line. ConEd (NYSE:ED) in New York says it suffered the worst damage in its history. There's also PSE&G, Exelon (NYSE:EXC), and others.

For more, click on the image below to play the Daily Finance Market Minute video.

< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE