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Insurance Industry Gets a Pop from Isaac

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  • Description

    FBN’s Sandra Smith with Isaac’s impact on the insurance industry.

  • Duration 1:27
  • Date

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This transcript is automatically generated

This for a moment.

And death Sandra Smith is here with the trades availability of insurance industry.

-- cattle of course we've been watching how the energy sector has been affected by this but the insurers really becoming a big part.

This story Allstate one of the major companies that covers the area at 36 billion dollars in homes at risk down there it's important a look at some of the property insurers.

Also is one of the biggest -- it's actually getting a pop in today's trading.

One of the reasons that -- -- capital IQ research shows that -- for today's research over there.

She says that adequate capital reserves are on hand -- insurers the property insurers.

Going into this and I'll show you a list of they were very well prepared even heading into this she said that they -- withstand a much more serious hurricane so this.

A lot of that trade right now is actually up -- some of the insurers.

Now -- -- -- getting of Bob Chubb is another major insurer down an area it's actually down in today's session.

You also look at Prudential travelers is another one of the main.

Ensures that covers an area but look at that's it just now turned positive so there's been a lot of concern in the stocks a lot of volatility.

They're starting to get that pop it's become out of it has yet I think Connell is that -- speculation that once you go to -- hurt him like this.

Investors step in and buy the stocks knowing that they'll be able to raise those premiums heading into -- actually help.

Their profits the trade actually is -- by the insurers right now.

Still with the other side thank you Sandra and back -- -- -- throughout the day with more.

In the trade Cheryl and Dennis.

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