California wildfires will be a $20 billion plus loss for insurers: Wells Fargo's Elyse Greenspan
CNBC's Contessa Brewer and Elyse Greenspan, Wells Fargo, joins 'Power Lunch' to discuss insurer's liability around the wildfires in California, the overall insurance landscape, and much more.
US insurers slump as Los Angeles wildfire loss estimates escalate
Severe and frequent natural disasters have hastened the insurance industry's retreat from high-risk areas, particularly Florida and California.
LA Wildfire Insured Losses Total Billions of Dollars, Ratings Agencies Say
The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said on Thursday, though many homes are likely uninsured. The wildfires burning in the Pacific Palisades,
California Residents Share Stories of Loss to Wildfires: 'Burned to the Ground'
A woman in Altadena named Fran told NewsNation on Thursday that wildfires decimated her home in California some 26 years after her family moved into the beloved residence. "We did the floors, and we put in windows and doors and painted,
Los Angeles wildfire costs double to $20 billion overnight for insurers
The potential cost for insurers of the devastation caus Los Angeles wildfires is now expected to surpass $20 billion, according to analysts at JPMorgan Chase & Co., doubling their estimate from just a day before.
California wildfires could cost insurers $20B, highest in state’s history
An analysis by J.P. Morgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.
Financial Stocks Wells Fargo, Jefferies, and Blackstone Are Falling After a Hot Jobs Report
A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on ...
Wells Fargo CDs: Pros, Cons, and Current Rates
Discover how Wells Fargo CD rates can impact your savings strategy. Wells Fargo has special CDs and standard CDs with both ...
Wells Fargo: More Good Earnings To Come
Wells Fargo's strong fundamentals provide resilience against volatility. Find out why WFC stock remains fairly valued with ...
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The Wells Fargo & Co Enigma: What’s Causing the Wild Swings in WFC Stock?
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.15% of ...
Police: Man robs Wells Fargo bank in Butte then waits around to be arrested
A 45-year-old man is expected to be charged in connection with robbing a Wells Fargo bank in Butte on Tuesday.
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Wells Fargo marks newest LI branch opening with $50K grant
To celebrate the grand opening, Wells Fargo will award a $50,000 grant to the United Way of Long Island in support of their ...
Here's Why Wells Fargo Stock Climbed on Monday
The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST.
Wells Fargo Championship director shifts focus to next-gen sports executives
At the Wells Fargo Championship, Sobba was part of a tournament management team from Florida-based Pro Links Sports, the ...
How Wells Fargo aims to boost trust among underbanked
The bank has been focused on providing services that are “in language and in culture” to foster trust and transparency, said ...
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Wells Fargo awards $300k grant to Montana Native Homeownership Coalition
Wells Fargo awarded a $300,000 grant to increase homeownership opportunities for Native Americans in Montana.The funding aims ...
Wells Fargo Taps JPMorgan Executive to Lead Its Credit-Card Business
Wells Fargo has hired JPMorgan Chase executive Ed Olebe to lead its credit-card business, people familiar with the matter ...