Reported 8 months ago
The article discusses how extreme weather events are affecting insurance companies and their strategies to cope with the fallout. With 22 billion-dollar disasters occurring in 2023, insurers are experiencing a hard pricing cycle, leading to increased pricing power and potential for profitability. Investors are advised to choose carefully based on companies' strategies and underwriting history. Certain insurers like Arch Capital (ACGL) are highlighted for having diversified portfolios and less exposure to severe weather, making them attractive investment options in the current market.
Source: YAHOO