By Steven Greenhut
SACRAMENTO – Donald Trump has only been president since Friday, so it’s too early to know what his “America first” policies will mean economically. But an ongoing debate from the world of property insurance could provide hints as to what some of these policies might mean.
For years, some Democratic members of Congress have been pushing a “reinsurance” measure that is protectionist in nature. Reinsurance is insurance purchased by insurance companies, and is of particular importance for Californians because of its role in protecting against widespread calamity – i.e., if a major earthquake or wildfire hits a particular region.