Insurance Stocks Are Tumbling. Why the Pacific Palisades Inferno Won't Engulf the Industry. - Barron's
1. Insurance stocks outperform the S&P 500, rising 130% since 2019. 2. Mercury General sees 23% premium revenue from homeowners, amid wildfires. 3. California's new regulations may boost insurers' ability to raise premiums. 4. Climate change is increasing both risks and insurance needs, benefiting companies. 5. Farmers and Mercury plan to re-enter California’s homeowners insurance market.