Investors greeted the insurance industry's second week of earnings season warmly. Most insurance stocks rose during the last week in April, modestly outpacing broader measures of the stock market and most other financial institutions.
Importantly, though sadly, investors and other stakeholders had the opportunity to remember what an important role the global insurance industry plays in the economic and social fabric of countries around the world. Prompt payment of catastrophic insurance claims will help to restore properties and, eventually, local economies. However, we can all benefit by pausing to consider the many lives affected by the awe-inspiring and destructive power of Mother Nature both at home and abroad.
Moving on to personal observations from the second wave of earnings reports, this week I offer four:
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