Feb. 10 at 12:09 AM
$AJG Today's drop (affecting entire insurance sector) appears to be AI-related. From Briefing.com:
The financials sector (-0.6%) lagged amid a tough day for insurance names. Insurance Information reported that OpenAI has authorized the first AI application from an insurance provider on ChatGPT.
Willis Towers Watson (WTW 290.09, -39.95, -12.10%) and Arthur J. Gallagher (AJG 217.74, -23.84, -9.87%) were among the worst-performing S&P 500 components, while the Dow component Travelers (TRV 292.82, -8.68, -2.88%) also finished lower.
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