Since the start of January 2022, companies in the insurance industry are up 2.17% compared to the S&P 500 which is down 13.23% as of September 2, 2022. As the economy reopened, many Americans decided to travel and buy new goods with the money that they have saved up since March 2020.
With life getting back to normal, there will be more insurance claims, which will most likely cause a rise in insurance premiums.
