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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

This could cause higher rates in commercial property and homeowners lines. For auto insurance specifically, the impacts of rising tariffs could include: Tariffs on imported vehicles will cause the price of these vehicles to rise, which could lead to higher auto insurance premiums to cover these higher replacement values.

Agents 52
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How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Paragon Independent Insurance Agencies

So, how do you determine which commercial insurance products will best protect your business? Commercial auto insurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. Let’s break it down.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Review and Update Your Business Insurance Coverage Expanding to a new location changes your businesss risk exposure. Your current insurance policies may not automatically extend to the new site, and additional coverage may be required. Inland Marine Insurance to cover heavy equipment or machinery.

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Business Owner’s Policy for Restaurants

Distinguished

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.

Policy 40
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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

Noteworthy 2024 performance indicators: The disparity in profitability between personal and commercial lines diminished, with both segments achieving an NCR below 100 for the year. Personal auto insurers reported a 2024 NCR of 95.3, marking a considerable 9.6-point point year-over-year improvement. percent in 2023 and 12.8

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

Kurtz – a principal and consulting actuary at Milliman – elaborated on profitability concerns within commercial lines. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 Commercial auto expectations are worsening and continue to remain unprofitable through at least 2026,” he said.

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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. At the international level, I have seen auto insurers building their own network of body shops, and buying parts for the body shops.