October 14, 2024
Your 2 Insurance Resources
Dear Subscriber,
 |
| By Gavin Magor |
Another historic hurricane has come and gone here in the states. Two weeks ago, we had Category 4 Hurricane Helene, and last week, we dealt with Hurricane Milton’s fury.
If you were impacted by either of these historic storms, our hearts are with you during these difficult times.
I know we have many readers all throughout the impacted areas, and we here at Weiss Ratings are based in Florida.
Where I live in the Sunshine State, we did feel the impact of Hurricane Milton.
And despite it hitting the West Coast of Florida, making landfall in Siesta Key, we had deadly tornadoes rip through my area.
I wasn’t alone.
Since Wednesday night when Hurricane Milton made landfall, there have been a staggering 38 reports of tornadoes throughout the state.
For context, Florida only usually sees around 50 total tornadoes in an entire year!
Weiss Ratings is headquartered in Palm Beach Gardens. We had an EF-3 tornado touch down in the western part of the town with winds of around 140 mph.
Ultimately, over the past decade, we’ve seen much stronger hurricanes. And I would argue this is climate change in action.
Nobody can imagine things like this could happen. But with these stronger and more frequent hurricanes, these crazy occurrences have become the norm.
There is no doubt that these new weather trends will impact future building codes and insurance pricing.
The reality is that current insurance practices are out of date. And they will need to update their modeling.
Last Wednesday, Dr. Martin Weiss put out a very urgent alert about homeowners' insurance. If you happened to miss it, be sure to click here.
Also, be sure to check out your insurers’ rating immediately if you haven’t already.
Of course, besides finding the right insurer for your policies, we can help with finding one for profits too. Here’s how …
Sector Research
Let’s turn to the Weiss Ratings site to see which stocks in the insurance industry we have rated as “B+” or higher.
After a few easy clicks by selecting “Insurance Industry” and rating of “B+” and higher, here’s what populated:
I then sorted by YTD total return.
The top result was “B+”-rated Progressive Corporation (PGR). I’m sure you have heard of Progressive … especially if you are here in the States.
Progressive is a strong name in the insurance industry. Its primary focus is auto insurance.
If any of these insurers entice you, I encourage you to begin your research here.
As we progress through hurricane season, continue to be alert, be aware, and just know that we’ve always got your back.
Whatever mother nature throws our way to change the insurance and markets, we’ll be on top of it.
Cheers!
Gavin
P.S. When I tell people about this income strategy, they say it’s almost too good to be true. But it’s not.
It’s what my colleague Nilus Mattive calls Instant Income. For a limited time, and to just a limited number of people, he’s going to share how it works.
I urge you to be one of the fortunate few. You can do so by clicking here.
Tidak ada komentar:
Posting Komentar