Berkshire Hathaway Joins Trillion-Dollar Club: A Deep Dive into Insurance Industry

A shift from growth to value stocks since mid-July leaves investors searching for the next high-momentum playAs we crest the peak of hurricane season, two major insurance companies report monthly sales reports in the coming days) became the first non-tech-related company to join the trillion-dollar market cap club late last month, just as Warren Buffett turned 94 years old.

Take hurricane season as an example. This week marks the peak of tropical activity, climatologically speaking. It has been a calm year for hurricanes, sans Hurricane Beryl back in June, despite forecasts that pointed to a potentially record-breaking season. All it takes is one storm to wreak havoc for insurers and hurricanes are just one type of climate-related risk to weigh.

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