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#الأسواق_الآن 🔅 Shares of Allstate and Chubb (insurers with exposure to California’s home insurance market) fell sharply during Friday’s trading on Wall Street as the devastation from the wildfires spread in Los Angeles
🔅 According to a report from JPMorgan, Allstate, Chubb and Travelers are among the companies most exposed to insured losses from those fires. The report noted that Chubb may be particularly vulnerable to losses due to its focus on high-net-worth customers in the region
🔅 Shares of Edison International, a company based in Southern California, also fell more than 5% as deadly wildfires continued to rage in Los Angeles