Insured damages from Irene appear to be much less than feared, so stocks of insurers and...

|By:, SA News Editor

Insured damages from Irene appear to be much less than feared, so stocks of insurers and reinsurers (KIE +4.1%) open strongly after underperforming the broader market in the back half of last week. Allstate (ALL +6%), which also was upgraded to Buy at Sandler O'Neill, leads the group. Also: HIG +6.5%, TRV +4.8%, GNW +5.1%, CB +4.1%, PFG +4.9%.