US insurance composite outperforms Wall Street for second consecutive week

The North American insurance composite, compiled by Stonybrook Capital and Weild & Co, rose 2.9% last week, outperforming Wall Street indices. Personal lines and standard commercial insurers led gains, with Allstate surging 5.9%. In contrast, tech-focused names like Porch Group fell. The composite is up 6.0% year-to-date, indicating a rotation from tech to traditional sectors. Optimism from the U.S. government shutdown resolution faded as Federal Reserve rate cut odds decreased.