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Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers – 12/11/2024

Clayain Hobbs · December 11, 2024 ·

Potential tariffs under a second Trump administration may worsen supply chain disruptions, creating challenges for insurers. Robert Hartwig, a finance and insurance professor at the University of South Carolina, notes the U.S.’s dependence on imported car parts and how tariffs will harm the auto insurance industry. The article goes on to discuss proposed changes to the Department of Government Efficiency (DOGE) and how reducing government spending could impact other agencies as well as the insurance industry. Alongside Hartwig, other industry experts weigh in on the challenges posed by regulatory changes and the shifting political landscape. Read more by clicking here.

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