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/biz/ - Business & Finance

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3357569 No.3357569 [Reply] [Original]

When a house insurance company has an influx of insurance claims coming in does their stock value go up or down?

>> No.3357596

>>3357569
They have insurance for insurance companies, its called reinsurance (e.g. insurance against needing to pay out 10,000+ homeowners insurance policies at once). Its not going to affect them dramatically one way or the other.

>> No.3357611

>>3357569
Depends if they sold the polices to other companies to spread risk.

A lot of the time the stocks will actually go up because everyone is going to want insurance now and they can overcharge them.

>> No.3357613

as i understand it, most of those insurers are private.

Also; from what I've read, they have insurance policies themselves.

I don't think this is really a tradable event.

>> No.3357617

>>3357569
I know what youre thinking,
No you wont make money from shorting insurance companies "in" texas. If you wanna make money from that go texas become a contractor or learn how to hang drywall