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Insurance companies in the spotlight as Hurricane Idalia makes landfall in Florida as a Category 3 storm

Clyde Edgerton by Clyde Edgerton
August 30, 2023
in Markets
Insurance companies in the spotlight as Hurricane Idalia makes landfall in Florida as a Category 3 storm
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Stocks with exposure to the insurance and reinsurance businesses rose Wednesday as Hurricane Idalia made landfall in Florida’s Big Bend region on the Gulf of Mexico and caused widespread flooding, but missed any major population center as it came to shore.

Hurricane Idalia made landfall at around 7:45 a.m. Eastern Time on the coast of the Florida Big Bend near Keaton Beach, according to the National Hurricane Center.

The…



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