“The story of the quarter is supply-chain-driven loss-cost inflation,” said Allstate financial chief Mario Rizzo in an interview. “We along with the rest of the industry have really seen a rapid escalation in the cost to repair cars and homes.”and original equipment parts, and higher materials and labor costs on the homeowners side of the company.Christopher Dilts/Bloomberg News
Allstate also cited higher losses tied to higher auto-accident frequency. In the year-earlier quarter, car insurers benefited from an unusually low level of vehicle crashes as pandemic-related business shutdowns and work-from-home arrangements led to a drop in miles driven., as drivers returned to the nation’s roads again in large numbers.A pre-markets primer packed with news, trends and ideas. Plus, up-to-the-minute market data.
At MetLife, a double-digit-percentage increase in its net investment income helped its net income to more than double to $1.52 billion and helped fuel a 31% increase in adjusted earnings to $2.1 billion, which Wall Street analysts track as a measure of recurring earnings. The gains occurred even as adjusted earnings in its U.S. group-benefits business slid 72% to $111 million, a result of the Covid-19 deaths as well as dental use returning to a normal level.
Source: Insurance Report (insurancereport.net)
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Pfizer raises COVID-19 vaccine sales forecast to $36 bln for 2021Pfizer Inc on Tuesday raised the full-year sales forecast for its COVID-19 vaccine by 7.5% to $36 billion, as it signs deals with countries for booster doses and receives clearances for using its shots in broader age groups. Pfizer executives when they answer the phone now…. Qué y cuando empezó el calentamiento global?
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Nearly 34,000 people were locked down at Shanghai Disney Resort, mass tested for COVID-19Following a single positive COVID result in the Chinese megacity on Sunday, Shanghai Disneyland was shut down for two days, and more than 30,000 people who had visited the sprawling theme park over the weekend were tracked down and tested for the disease is Covid a disease? or a Virus? isn't there a difference?
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CDC advisers to vote on giving Covid-19 vaccine to kids ages 5 to 11Millions of child-size doses of Pfizer's Covid-19 vaccine are being shipped from the company's facilities to distribution centers across the country -- ready to go out to pharmacies and pediatricians' offices, the Biden administration said Monday. They're just waiting for the OK from the US Centers for Disease Control and Prevention, whose independent advisers will vote Tuesday on whether to recommend Covid-19 vaccines for 5- to 11-year-olds. If it's a vote I already have my answer Lets go CNN. Lets Go Brandon. It's not a vaccine
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Pfizer expects 2021, 2022 COVID-19 vaccine sales to total at least $65 blnPfizer Inc on Tuesday said it expected this year to sell $36 billion of the COVID-19 vaccine it developed with German partner BioNTech and forecast another $29 billion in sales in 2022, topping analyst estimates for both years. best way to the !% is government programs. You guys nailed it! Maybe they should pay to solve world hunger, solve the opium crisis and support displaced refugees ... whatya think elonmusk 🤷🏽♀️ ehh Welcome to the freezer. Ashrine Kilu.
Source: Reuters - 🏆 2. / 97 Read more »
New CDC Covid-19 Warnings: Avoid Travel To Russia, Belgium, Slovakia, Burkina FasoAdditionally, Poland went from moderate to high Covid-19 risk. But situations in Fiji and Jamaica have improved. Burkina Faso ❤ Can I still order the Belgian waffles at ihop?
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CDC panel weighs risks and benefits of COVID-19 vaccine for young childrenCDC’s advisors are weighing who will get the most benefit as they deliberate whether to recommend the shots for up to 28 million more children, or perhaps only for those most vulnerable to serious illness.
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