Browsing: tariffs

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.

New tariffs on auto imports could increase the costs of car repairs, and ultimately, insurance premiums.

Increased tariffs on auto imports could lead to higher costs for car owners, affecting everything from new car prices to repair expenses and insurance premiums.

Industry analysts warn about the potential impacts of new US tariffs on the insurance sector, citing increased costs, supply chain disruptions, and underwriting uncertainties.

Industry experts predict rising costs and uncertainty for the insurance sector due to new US automobile tariffs and potential supply chain disruptions.