President Donald Trump has announced a 90-day pause on his reciprocal tariffs, and the stock market is already bouncing back — from the damage caused last week when Trump announced his reciprocal tariffs. Tech stocks, like Apple, Sony, and Microsoft, shot up quickly following Trump’s announcement, with Tesla rising particularly fast. As of this writing, … Read more
Reciprocal tariffs will drive up the cost of most goods, making everyday life more expensive for American households. According to Fitch Ratings, the U.S. tariff rate on all imports has jumped from 2.5% in 2024 to around 22% today. Some research firms estimate the percentage is closer to 30%. As a result, more Americans may … Read more
Reinsurance broker Guy Carpenter has begun a research project into the use of reciprocal exchanges for delivering parametric catastrophe insurance solutions, to identify whether the structure is a viable one for community-based coverage initiatives.The brokers’ Parametric Advisory and Public Sector teams will explore the use of parametric insurance solutions to help protect communities across California … Read more