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.
If you found this post helpful, consider donating to my coffee fund!- Its Machiavelli's Birthday The world's first management guru, Nicollo Machiavelli was born on May 3rd 1496 near Florence, Italy. He was politician, philosopher, poet and musician. He's most famous for his book The Prince, whose central argument is commonly believed to be 'the ends justify the means'.A really entertaining book on Machiavellianism (which......
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