Burned Insurance Stocks – What Shade of Burnt Toast Are You?

Well the Dow Jones average dropped below 8000 yesterday. That is bad news enough but insurance stocks seem to be taking a worse than average beating. Tidbits from today:

• The Hartford dropped to $6 today – they were at $12 on Monday from $97.03 in Oct  – they have a market cap at 1.8 billion now

• Travelers is down to $35 on Monday it was $41.88 and on Oct 17 they were at $51.87

• C N A is at $9.49 – Monday at $12.77 – October $40.51

• AIG is at $1.66 today was at $2.08 on Monday was at $63.27 in October – the bailout package is $150 Billion and climbing

• XL is at $4.46 today – Monday they were at $6.14 – in October they were at $77.01 per share.

• Chubb is at $44.63 today – Monday at $49.60 – October 17 at $53.49 -

I will report back next week with hopefully better news. (though I don’t expect it to be much better)