Estimates from the Insurance Council of Texas project that the 2021 winter storm will be the largest insurance claim event in history, with losses topping Hurricane Harvey. What does this mean for insurance companies and their investors? Could these events end up being positive for insurance?
The Dumb Money team has been trading insurance and tracking the effect of storms and hurricanes on insurance companies for well over a decade. In this clip from a recent live stream, they present their own research into the impact of the winter storm for investors. The crew breaks down which companies will incur the most losses and explain developments in the insurance industry, like the advent of high-interest reinsurance bonds.
Watch the full stream here:
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