Invest in Insurance companies?
Insurance companies have taken a beating with all the damage caused by all these hurricanes. Maybe its time to start investing in their stock. We know that a lot of damage has already been done and in New Orleans it won’t happen again. [Mainly because nothings being rebuilt!]. Also historically insurance companies have raised premiums and deductibles and are going to do the same thing again. Also historically, people are more likely to get extra coverage right after a major catastrophe, which means their income is likely to go up in the near future.
Doesn’t mean I’m going to rush out and start buying insurance company stocks, but its a thought. If anyone can do the research and would like to post a follow up article, please let me know.
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