Breakingviews - Insurers will struggle to dodge climate-change tab
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Insurance Challenges Amid Natural Disasters: Insurers are withdrawing coverage from high-risk areas due to increasing costs from natural disasters, leaving governments to face the challenge of maintaining insurance availability while managing financial burdens.
Potential Solutions and Future Outlook: Various countries are exploring different models for risk management, such as pooling resources among insurers or implementing stricter building codes, but significant changes will take time and may still require insurers to bear more costs in the interim.
Analyst Views on ALL
Wall Street analysts forecast ALL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALL is 238.35 USD with a low forecast of 201.00 USD and a high forecast of 313.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
10 Buy
7 Hold
1 Sell
Moderate Buy
Current: 195.280
Low
201.00
Averages
238.35
High
313.00
Current: 195.280
Low
201.00
Averages
238.35
High
313.00
About ALL
The Allstate Corporation protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. The Company’s products are available through Allstate agents, independent agents, major retailers, online and at the workplace. Its Allstate Protection segment offers private passenger auto, homeowners, other personal lines and commercial insurance. Its Run-off Property-Liability segment includes property and casualty insurance coverage. The Company’s Protection Services segment provides consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, protection and insurance products and identity protection and restoration through Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity and Allstate Identity Protection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
