The daily news cycle surrounding tariffs in the U.S. can feel a bit like a soap opera with its constantly shifting plots and villains.
But one thing is certain, according to economists: Tariffs drive up prices. For this reason, many insurance-industry organizations and leaders have spoken out against President Donald Trump’s tariff agenda, particularly in light of other recent premium pressure on insurance insurance carriers.
“The growing demographic shifts and property values to high-climate-risk areas, inflation in the cost to repair and replace property, climate change, legal system abuse, delayed regulatory approval of rate filings, and mandated coverages have collectively resulted in escalating insurance losses, poor profitability, and limited capital compared to the growth in the U.S. economy and related insurance demand,” Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA) said during recent testimony before the Senate Committee on Banking, Housing, and Urban Affairs.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
