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Barron's Streetwise

Home and Auto Insurance Got Wacky. What’s Next?

Barron's Streetwise

Barron's

Business

4.81.5K Ratings

🗓️ 31 May 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Weather, inflation, and lawsuits have sent pricing haywire. A pair of Wall Street analysts discuss what it means for the stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.

0:06.0

Do more and spend less like Uber 8 by 8 and Databrics Mosaic.

0:11.0

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street. We have seen in the last five years over

0:20.1

100 billion dollars per year in catastrophe losses.

0:25.0

There are a lot of meteorologists prognosticating this year

0:29.0

that it's going to be worse than ever.

0:31.0

And the storm season kind of starts in late June and it goes through September so we're about to go into the jaws right now

0:39.6

Jaws sounds bad I have to say Welcome to the Barron Streetwise podcast.

0:44.5

I'm Jack Howe, and the voice you just heard

0:47.2

is Andrew Kligerman.

0:49.1

He's an analyst at TD Cowan covering the insurance business, which has been in upheaval.

0:55.9

We'll hear in a moment from Andrew and another analyst about what's next for that business

0:59.7

and what to make of the stocks. Listening in is our audio producer Jackson Jaws Cantrell hi Jackson I hope that name

1:16.2

nickname sticks it's pretty cool it's not a bad one you don't get you don't get to

1:21.9

pick your own nicknames you'll get stuck with one much worse. That's how it works.

1:26.7

We have a listener question, right? You want to jump right into that? Yeah, we have Javier from Alabama.

1:33.0

Great.

1:34.0

My question for you today pertains to the best use of money I've been saving in an individual brokerage account for several years.

1:40.0

I have about $75,000 invested in the stock market and will be graduating from medical school next May.

1:45.6

When I graduate, I'd like to buy a house and these funds would basically be my only way to make a down payment.

1:50.5

What do you think I should consider and what are the pros and cons of using what is effectively my life savings for a down payment on a home versus keeping it invested in the stock market while I save for a down payment with my new income?

...

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