Government
EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water
The Environmental Protection Agency said Wednesday that it plans to weaken limits on some "forever chemicals" in drinking water that were finalized last year, while maintaining standards for two ...
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the U.S. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won't be ...
What Buffett Said: Quotes from 2025 Berkshire Hathaway Annual Meeting
Warren Buffett announced he would pass the reins as CEO to Vice Chairman Greg Abel, as he presided over his 60th Berkshire Hathaway shareholder meeting on Saturday, giving views on everything from ...
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town's overdue revitalization. ...
High Tariff Impact on Personal Lines; Commercial Less Vulnerable
A glaring red block marked "high" appeared over the "personal lines/ loss costs" cell of a chart displaying the impact of tariffs on North American insurers created by Fitch Ratings this week. While ...
Trump Eases Auto Tariffs Burden
U.S. President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its ...
No Escape From Tariffs — Not Even for D&O Liability Insurers
While property/casualty insurance executives are largely focused on the impacts of tariffs on short-tail lines like personal auto and property, investment market jitters ...
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes ...