Homeowner Insurance Costs Will Come Down Just A Little [Forbes]
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Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Forbes
Climate change has been proclaimed as the cause, but misguided regulation is part of the problem along with uncertainty about what has really driven claims. Insurance costs will probably decline a small amount in the coming year, but the longer trend depends on uncertain factors. Insurers must cover their costs to stay in business, as well as earn a return on their capital. Costs, in turn, are driven by the number of claims and the severity of claims. Losses that come from extreme weather, such as hurricanes or tornadoes, may be increasing due to climate change, but some of the recent changes may be temporary. The cost of claims rises with inflation generally, the cost of building repairs in particular. The dollar cost of claims also depends on the legal system. State law and regulation may encourage more claims or fewer, with resulting high insurance costs or low. Laws that seek to help homeowners but which restrict insurers' ability to cover their costs will lead companies to ex
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PCG
News
- Vegetation fire burns in South San Jose [CBS News]CBS News
- PG&E outage in Santa Rosa knocks out power to over 17,000 customers [CBS News]CBS News
- PG&E Partners with Plug and Play to Accelerate Innovation in San Jose, California [Yahoo! Finance]Yahoo! Finance
- PG&E Co. (NYSE: PCG) had its price target lowered by analysts at Morgan Stanley from $18.00 to $17.00. They now have an "equal weight" rating on the stock.MarketBeat
- PG&E Co. (NYSE: PCG) had its price target lowered by analysts at Barclays PLC from $22.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 6/25/24 - Form 11-K
- 6/4/24 - Form 4
- 5/21/24 - Form 4
- PCG's page on the SEC website