ripvanwinkle
Well-Known Member
Joined: Jan 9, 2011 22:36:42 GMT -5
Posts: 1,446
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Post by ripvanwinkle on Aug 29, 2017 23:18:59 GMT -5
Ok, Harvey is wrecking havoc in the south. Insurance losses will be in the billions. Is this a good time to get out of insurance stocks/funds or a buy opportunity?
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Blonde Granny
Junior Associate
Joined: Jan 15, 2013 8:27:13 GMT -5
Posts: 6,919 
Today's Mood: Alone in the world
Location: Wandering Aimlessly
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Post by Blonde Granny on Aug 30, 2017 6:12:21 GMT -5
I read an online headline that said only 20% of the residents of Houston have flood insurance. If true, thats really sad.
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kadee79
Senior Associate
S.W. Ga., zone 8b, out in the boonies!
Joined: Mar 30, 2011 15:12:55 GMT -5
Posts: 10,871
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Post by kadee79 on Aug 30, 2017 17:16:33 GMT -5
The mortgage companies may have troubles too....cause a lot of folks will quit making their payments.
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clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 6,054
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Post by clarkrl2 on Aug 30, 2017 18:38:02 GMT -5
The property and casualty insurance companies are experts at managing their risks. They don't generally insure in just one region or for just one type of occurrence. I owned a p&c and held it after one of the major hurricanes a few years ago and the stock may have dropped a little but it really wasn't too bad. It was some time ago though and I don't remember which hurricane or which insurer it was.
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