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The Insurance Crisis Is About to Get Even Worse
The Trump administration will soon make it the official policy of the US government that greenhouse gases don’t endanger Americans’ well-being and therefore don’t need federal regulation. Insurance companies, meanwhile, live in a parallel universe where greenhouse gases are heating the atmosphere and intensifying natural disasters, harming human health, destroying property and raising insurance costs.
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The oxymoronically named Environmental Protection Agency will this week formally renounce its 2009 “endangerment finding,” which gives it regulatory power over emissions from cars, power plants, factories and more. This move, which the climate-change deniers running the White House call a “total victory,” is for now mostly symbolic.
But what it symbolizes is still troubling: a government putting outdated ideology and corporate profits above the health and financial welfare of the people it governs. In the process, it’s stoking the flames of dual insurance crises that are harming growing numbers of Americans and putting trillions of dollars at risk.
For what it’s worth, it’s also illegal. The Supreme Court ruled in 2007 that the 1963 Clean Air Act required the EPA to regulate planet-heating emissions, a sentiment Congress endorsed in the 2022 Inflation Reduction Act and didn’t try to undo in the One Big Beautiful Bill Act. Environmental groups have vowed to subject the EPA to years of legal brawling before its vision can become reality.
...............
The oxymoronically named Environmental Protection Agency will this week formally renounce its 2009 “endangerment finding,” which gives it regulatory power over emissions from cars, power plants, factories and more. This move, which the climate-change deniers running the White House call a “total victory,” is for now mostly symbolic.
But what it symbolizes is still troubling: a government putting outdated ideology and corporate profits above the health and financial welfare of the people it governs. In the process, it’s stoking the flames of dual insurance crises that are harming growing numbers of Americans and putting trillions of dollars at risk.
For what it’s worth, it’s also illegal. The Supreme Court ruled in 2007 that the 1963 Clean Air Act required the EPA to regulate planet-heating emissions, a sentiment Congress endorsed in the 2022 Inflation Reduction Act and didn’t try to undo in the One Big Beautiful Bill Act. Environmental groups have vowed to subject the EPA to years of legal brawling before its vision can become reality.
https://www.bloomberg.com/opinion/articles/2026-02-11/the-insurance-crisis-is-about-to-get-even-worse?srnd=homepage-americas
