a little nervous. The stock price is reacting surprisingly well in the midst of the extraordinary sequence of these hurricanes. It would appear that the only thing that could really crush this stock would be an insured loss of greater than 20 billion. The catastrophe fund for the state of Florida is really saving the insurance companies, BIG!
If it goes above 20Billion, insurance Co. raise rates. Make more $$$ down the road. If its another small storm, its going to be worse, because the insurance companies will lose $, yes won't be able to raise rates.
An insured loss of $20kkkk. Figure 50% commercial which ALL doesn't write bringing the gross down to $10kkkk. ALL has 13% of the ho business in FL and probably about the same in auto. 13% of $10kkkk comes to #1,300,000,000 reduced by 57% from the state fund brings this down to less than $750,000,000 or about $1.00/share. Hardly a major financial crisis for the company.