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De-risking saved the day for insurers – but some are concerned about tomorrow

by Safiyah Riddle | Nov 24, 2023

For nearly a decade now, the increasing intensity and cost of natural disasters has been one of the most significant headwinds for property insurers. More recently, some of the country’s largest insurance companies have made headlines for pulling away from select...
Progressive Insurance outmaneuvers competitors in the third quarter

Progressive Insurance outmaneuvers competitors in the third quarter

by Safiyah Riddle | Nov 6, 2023

It was a tale of two halves of the year for Progressive Insurance, after third quarter earnings topped estimates and reversed dire trends from the previous quarter. Though revenue missed estimates by less than 0.1% at $15.56 billion, the company avoided the massive...
Wingstop soars past Wall Street expectations in the third quarter

Wingstop soars past Wall Street expectations in the third quarter

by Safiyah Riddle | Nov 6, 2023

Wingstop’s third quarter performance trounced Wall Street’s expectations on Wednesday, as strategic innovations from last year expanded Wingstop’s consumer base through the second half of the year and the company successfully insulated itself from supply-side...

Intel banks on ripe geopolitical conditions for long term success

by Safiyah Riddle | Oct 17, 2023

Intel Corp. is playing the long game by hedging its $150 billion dollar pivot into foundry manufacturing on a favorable geopolitical climate, as well as the highly-anticipated explosion of AI technology into every facet of life.  But steady returns on the company’s...
Progressive pulls back in Florida, overall outlook still unclear

Progressive pulls back in Florida, overall outlook still unclear

by Safiyah Riddle | Oct 3, 2023

Progressive insurance announced that it will be pulling back on homeowner insurance in Florida, in the latest effort to recover from the combined impacts of inflation and the surging cost of the climate crisis in certain states. But not all investors are convinced...
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Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at a newsroom in Times Square at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.

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