Barron's Streetwise
Home and Auto Insurance Got Wacky. What’s Next?
May 31, 2024
Exploring the impacts of extreme weather events on insurance rates, the influence of COVID-19 on the auto insurance industry, and the effects of inflation on insurance companies. Stock recommendations for insurance brokers and insights into how companies adapted during the pandemic.
30:33
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Quick takeaways
- Extreme weather events increase financial losses in insurance industry, exceeding $100 billion annually.
- Understanding ongoing homeownership costs, benefits of homeownership as a savings program, and factors guiding decision-making.
Deep dives
Impact of Extreme Weather Events on Insurance Business
The podcast emphasizes the significant impact of extreme weather events on the insurance industry. With experts predicting worsening storm seasons, the discussion highlights the potential financial losses incurred in the last five years, exceeding $100 billion annually. The upcoming hurricane season, starting from late June through September, poses challenges for insurers, signaling a turbulent period ahead.
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