Why It's Time to Buy Insurance Stocks

By Pete Carmasino

Editor's note: Folks are willing to pay up for peace of mind. And according to Pete Carmasino, chief market strategist at our corporate affiliate Chaikin Analytics, that's why one key subsector is so vital to our economy... and our everyday lives. In this piece, most recently published in the March 26 issue of the Chaikin PowerFeed daily e-letter, Pete explains why this subsector is so profitable – and why investors should be paying attention right now.

When Craig called his insurance agent, he didn't know his home was about to burn down...

But it's a good thing he trusted his gut.

You see, Craig had just bought an electric vehicle ("EV"). And he needed to install a charger at his home.

Incidents of home fires from EV-charging mishaps have made headlines over the years. That was one of Craig's biggest fears with his new purchase.