Browsing: tariffs

Insurance brokers are calling for insurers to show flexibility with co-insurance clauses due to the impact of tariffs on insured values, while insurers prefer to explore alternative solutions.

New analysis shows tariffs will drive up homeowners insurance premiums due to increased construction material costs

Home insurance prices are projected to increase by 11% by the end of 2025, driven by President Trump’s tariffs on building materials and ongoing supply chain disruptions.

Tariffs on construction materials could push the average homeowner’s annual insurance premium up to $3,626 by the end of the year, Insurify projects

Connecticut homeowners may see their property insurance premiums increase by $80 due to rising tariffs on building materials, according to a report by Insurify.

Analysis of how US tariffs affect various sectors of the insurance industry globally

Recent tariffs imposed by the U.S. government are expected to significantly affect the insurance industry, particularly auto and real estate insurance businesses, as material costs surge.

A new study by Insurify suggests that Connecticut homeowners may see their annual property insurance premiums increase by $80 due to tariffs on building materials.

A new study reveals that Connecticut homeowners may see their insurance premiums rise by $80 due to tariffs on building materials, amid a national average increase of $106.

New and proposed tariffs on car parts and vehicles are increasing the cost of car ownership, affecting not just new car buyers but also current owners through higher maintenance, repair costs, and subsequently, auto insurance rates.