Why Look at Insurance Stocks? Insurance companies are finding ways to stay grounded despite the wild world around them. Stocks like those from Allstate (NYSE: ALL) are proving interesting for investors, even with climate risks becoming a bigger threat each year. Here’s an example: Allstate is sitting on a market value of about $47.85 billion – info per investing.com. They’ve got a price-to-earnings ratio of 10.78, meaning the stock’s price isn’t overly inflated compared to its earnings. And their 2.18% dividend yield isn’t bad if you’re looking for income along…
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California Faces Another Tough Blow as USAA Implements Steep Rate Increase
Significant Insurance Rate Hikes for USAA Customers in California California homeowners are facing significant financial adjustments as USAA Casualty Insurance Co. announces a sharp increase in insurance rates. Effective December 1, 2024, the company has implemented an average rate hike of 25.9%, with increases for some policyholders reaching a staggering 48.5%. This decision comes amid a broader pattern of rising insurance rates across California and reflects evolving challenges within the state’s already strained insurance market. Rate Increases Across USAA Subsidiaries The December rate hike is part of a wider adjustment…
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