Over the past five years, stocks of insurance companies that have weathered many hurricanes and wildfires have easily outperformed the S&P 500: The iShares US Insurance IAK ETF, which tracks insurance stocks, has risen 130%, while the S&P 500 has risen 85%. This is because the insurance industry has increased premiums and carefully avoided engaging in unprofitable businesses. In 2024, many listed property and casualty insurance companies posted record profits.
State Farm Group and Farmers Insurance Group are the state's largest indonesia telegram data home insurers, with market shares of 21% and 16%, respectively, in 2023. Both companies are mutual insurance companies, meaning they are owned by policyholders rather than investors who buy their stock. Both companies stopped writing new policies in California two years ago after regulators rejected their requests to raise premiums.
In light of regulatory changes, on December 11, 2024, Farmers Insurance Group announced that it would begin writing new policies in California again. Mercury General said it would be the first major insurer to write new homeowners policies in Paradise, California, since wildfires engulfed the town in 2018.