Browsing: tariffs

Experts warn that President Trump’s tariffs could impact the insurance industry in several ways, including rising car insurance costs, particularly for electric vehicles (EVs).

The insurance industry faces broader repercussions from the administration’s economic policies, potentially raising costs for consumers and impacting company profits.

Escalating geopolitical tensions, including those between the United States and China, are causing significant disruptions for the global shipping industry. Experts advise fleet owners to reassess risk management strategies, particularly focusing on shipbuilding, trade, and insurance solutions.

Digital insurance marketplace RATESDOTCA reports that U.S. tariffs on Canadian products are expected to lead to increased insurance premiums for Ontario residents.

New tariffs on Canadian imports implemented by the U.S. are expected to drive up the cost of building materials, potentially leading to higher home insurance premiums for Canadians.

The American Property Casualty Insurance Association (APCIA) has voiced concerns that recently implemented tariffs on Mexico, Canada, and China could hinder reconstruction efforts following recent natural disasters.

Proposed tariffs on imported vehicles and components are likely to further inflate already high auto insurance rates.

An expert from Accenture discusses the impact of potential trade wars and tariffs on the insurance industry.