Steadfast Group by my understanding is not an underwriter of insurance and is therefore note actually exposed to any insurance claims. Steadfast is essentially a middle man and sells the insurance on insurers behalf (e.g QBE) and they receive some sort of payment in either upfront commission or ongoing trail. As a result, earthquakes and other disasters could be good for steadfast as people will either get insurance to cover it or think they need insurance after all.
Hope that makes sense,
SDF Price at posting:
$4.81 Sentiment: Buy Disclosure: Held
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