The Biggest Loser: Everest Re Group Slumps 6.8% on Irma Fears
Everest Re Group (RE) tumbled to the bottom of the S&P 500for the second time this week on concerns about losses from Hurricane Irma.Tuesday:
Everest Re Group dropped 6.8% to $211.94, while the S&P 500 finished little changed at 2465.10.
Everest Re Group is a re-insurer, which means they take some of the risk from insurance companies. CFRA's Cathy Seifert explains why Irma could be more damaging than Hurricane Harvey:...MORE
Today's Worst-Performing Stock in the S&P 500 Was Everest Re (RE)
Also at Barron's:
Death Cross Danger: Bad Omen as Bank ETFs Break Down
In other property/casualty news:
A Black Hole Could Delete the Universe
Possibly related at the Wall Street Journal last year:
CERN Is Seeking Secrets of the Universe, or Maybe Opening the Portals of Hell
