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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Nevada Copper shareholders face loss of investment as Elliott Investment circles to provide emergency bankruptcy fundingThe struggling Canadian miner, which has struggled for years to ramp up production at its Pumpkin Hollow copper mine, is seeking bankruptcy protection
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