Created: February 17, 2026 07:57 PM (Updated: February 17, 2026 09:49 PM)
Mohit Kumar, Managing Director and Chief Economist/Strategist, Jefferies (file photo)
Insurance brokers felt somewhat undervalued this week as industry stocks briefly fell on concerns about disruption from artificial intelligence.
intelligent insurance company Insurance brokers reported feeling unfairly penalized by investors who fear AI could disintermediate insurance.
This was a continuation of the same impact that new technology had on software and wealth management stocks.
Shares of companies such as Willis Towers Watson, Aon, and Marsh & McLennan have taken hits in recent days that are believed to be related to this concern.
of Los Angeles Times For some stocks, it was the deepest decline since April’s trade war-induced market collapse.
The California newspaper blames the decline on the rollout of a tax strategy tool by startup Altruist.
This drop in stock prices also had a major impact on other sectors, including asset management companies.
said Mohit Kumar, strategist at Jefferies. CNN Business The market is in “attack first, ask questions later” mode, and names and sectors that could be affected by AI disruption are hurting.
Meanwhile, other stocks are feeling the growth of AI, with Nvidia, Super Micro Computer and Broadcom soaring nearly 20%.
There is growing concern about advances in AI displacing services traditionally provided by incumbent companies.
AI-driven programs can analyze risk factors, compare coverage options, and provide personalized advice.
Will Lind, CEO of GraniteShares Advisors, said: Los Angeles Times While there was widespread belief in the benefits of AI, it is now disrupting the industry.
