3 Insurance Stocks to Sell After LA's Wildfires
1. Los Angeles wildfires could incur $35-$45 billion in insured losses. 2. Insurance companies may face long-term profitability challenges due to rising reinsurance costs. 3. Insurers with high California exposure are most vulnerable, impacting stock performance. 4. Investors advised to reconsider holdings in vulnerable insurance companies. 5. Events could lead to increased premiums, improving long-term profitability for cautious investors.