Some insurers might profit off catastrophic weather, Barron’s says

Nationwide, costs are rising as insurers try to price in losses from more frequent and unpredictable storms, wildfires, and other effects of climate change. Inflationary pressures, combined with population growth in susceptible areas, are making insurance costlier for everyone, Lauren Foster writes in this week’s edition of Barron’s. But backed by nearly $1T in capital and rising premiums, insurers might actually profit off the coming wave of catastrophic weather, the author says. Allstate (ALL), Arch Capital Group (ACGL), Ryan Specialty Holdings (RYAN), Guidewire Software (GWRE) could capitalize on strong demand for insurance, Foster writes.