Search
 
Expert Opinion

Has the Biden admin impacted the energy insurance business?

Have expectations of major energy policy changes come to fruition and how is this impacting coverage?

By David Corry | April 15, 2022 at 12:05 AM
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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.