This year's North Atlantic hurricane season is anticipated to be highly active, potentially bolstering pricing across various lines of property-casualty insurance and reinsurance, thereby catalyzing certain underwriters' stocks, CFRA wrote in a recent note.

As such, analyst Catherine Seifert said, "we think the most prudent way to leverage the still-firm insurance pricing environment is to acquire shares of reinsurers and insurers with limited or manageable catastrophe and/or hurricane exposure," including Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), American International Group (NYSE:AIG), Progressive (NYSE:PGR) and Arch Capital Group (NASDAQ:ACGL).

CFRA's Seifert pointed out that the dynamic of an above-normal hurricane season buoying pricing for numerous P&C insurance lines has been pervasive for years, according to commercial property pricing trends.

seekingalpha.com - Berkshire aig pgr should be on investors radar amid grim hurricane forecast cfra

Keep some cash ready to pounce if BRK stock falls when hurricanes come ashore.