MINNEAPOLIS ( Stockpickr) -- A rare tornado in Massachusetts last week increased the death and destruction for this year's storm season. Considering we have yet to reach hurricane season, we could be on the verge of some truly earth-shattering numbers this year. The human and economic impact is already large and getting larger.
What about the impact on stocks? Could Mother Nature's wrath provide an opportunity for traders and investors?
With property and casualty insurance stocks, the knee-jerk reaction here is to sell, under the assumption that higher-than-anticipated storm damage will eat into future profits. Let's look beyond that obvious analysis today and take a deeper look at stocks in this category to determine where investors should go from here.