The Trump Paradox In The Insurance Industry

There’s no argument from either side of the political spectrum on at least one point: President Donald Trump has championed some polarizing legislation so far in his term. But regardless of your political affiliation, as a financial professional and even an individual, you no doubt benefited from his Tax Cuts and Jobs Act, the biggest tax cut in 30 years. Because of my background in tax law, I’ve found last year’s tax cuts and their implications for the insurance industry quite fascinating. The way I see it, there’s good as well as bad, but, more importantly for many of us in the insurance industry, an interesting paradox has developed.