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The insurance industry has been keeping a close eye on the administration's energy initiatives, and thus far what we've seen is that while the energy sector is changing, it's not creating a policy vacuum for insurers. (Credit: Carolyn Kaster/AP, File) The insurance industry has been keeping a close eye on the administration’s energy initiatives, and thus far what we’ve seen is that while the energy sector is changing, it’s not creating a policy vacuum for insurers. (Credit: Carolyn Kaster/AP, File)

It’s been more than a year since Joe Biden became president of the United States, but despite expectations that his administration would rapidly make changes affecting the energy industry, that has not been the case.

The insurance industry has been keeping a close eye on the administration’s energy initiatives, and thus far what we’ve seen is that while the energy sector is changing, it’s not creating a policy vacuum for insurers. Rather, when demand in one area diminishes, demand in another area tends to rise up and take its place.

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