Property-and-casualty insurer Travelers is anticipating significant impact from claims related to the wildfires this month in Los Angeles County.

Travelers Companies crushed earnings estimates for the fourth quarter of 2024 on Wednesday but signaled the California wildfires will take a toll in the current first quarter. Travelers stock, a Dow Jones component,

The Travelers Companies, a provider of property casualty insurance for auto, home and business, has announced a $1 million commitment to support wildfire relief and recovery efforts in California.

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires threaten to make the problem worse.

California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.

Climate changes are impacting P&C insurers like Mercury General in California, which may be the hardest hit by the LA fires. Read more on the insurance impact.

Goldman has recently raised Travelers Companies Inc (TRV) stock to Buy rating, as announced on January 8, 2025, according to Finviz. Earlier, on December 11, 2024, Wells Fargo had reduced the stock from a Equal Weight to Underweight,

Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.

The Travelers Companies, Inc. (NYSE: TRV) today announced a commitment of $1 million to assist wildfire relief and recovery efforts in California. Funds will support All Hands and Hearts, California Community Foundation, International Medical Corps and Team Rubicon .

Several California insurers cut policies in wildfire-prone areas in recent years, leaving homeowners scrambling for options.

making it even worse for residents in California. About 10.4% of Travelers Companies direct written premiums in 2024 came from California. Though this Zacks Rank #1 (Strong Buy) insurer is yet to ...

Our team looked at over 100 of the top auto insurance providers in the U.S., from national providers like USAA, Travelers ... satisfaction for California, beating out major companies.