Insurance companies are known to do well in a rising interest rate environment and recessionary times. With the Fed keen on bringing inflation down further, more interest rate hikes could be in the offing. To that end, it could be wise to invest in fundamentally strong insurance stocks Allianz SE (ALIZY), Loews Corporation (L), and CNA Financial Corporation (CNA).
Before discussing these stocks in detail, let me explain why the insurance industry is worth looking at.
