The insurance industry is known to thrive in a rising interest rate environment. Although inflation has eased significantly, it remains well above the Fed’s 2% target, making room for more rate hikes. Hence, smart insurance stocks Berkshire Hathaway (BRK.B), Fairfax Financial (FRFHF), and Heritage Insurance (HRTG) could be ideal additions to your portfolio this week. Read more….
The insurance industry generally thrives in a high-interest rate environment. Insurers generate revenue by charging premiums in exchange for coverage, with the collected premiums invested in interest-generating assets, which generate higher yields when interest rates increase.
