2023 was a year of extreme weather with 22 billion-dollar disasters occurring in the calendar year, according to the National Centers for Environmental Information . With extreme weather instances on the rise, how are insurance companies coping with potential fallout from these events?
Seifert outlines the current landscape for insurers in the sector:"The insurance industry really has not seen this kind of pricing power in decades. And I would argue that this pricing power that the industry currently has is likely to be a secular trend, not a cyclical trend. This is good for insurance investors. I think you have to choose carefully depending upon a particular company's strategy, how well they've historically underwritten and things like that.
Bill Gates' former assistant is worth $154 billion — and could soon be richer than the Microsoft cofounder
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