Americans navigating homeowners’ insurance markets face significant challenges, with average premiums increasing by more than 30% between 2020 and 2023. Additionally, some insurance companies have stopped writing policies in certain areas, and more households are resorting to limited “last resort” insurance plans.
The instability in the property insurance market has created a sense of urgency for policy responses to keep insurance affordable and available. However, artificially lowering insurance costs in risky areas could increase exposure to climate risk. Meredith Fowlie, Judson Boomhower, Daniel Richter, and Riki Fujii-Rajani investigate the reasons behind rising premiums, the role of climate change in these developments, and potential policy responses.
The energy transition for the world’s largest emitters. China and the United States have very different energy systems and respective advantages and disadvantages in the clean energy transition. In a new explainer, Samantha Gross and Louison Sall explore those differences and discuss how the Trump administration should approach this issue.
The real impact of the TCJA. The 2017 Tax Cut and Jobs Act (TCJA) aimed to boost business investment by cutting corporate tax rates and allowing immediate expensing of certain investments. But did it achieve its goals? William G. Gale offers a detailed analysis of how effective the TCJA actually is in this realm.
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