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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). This could cause higher rates in commercial property and homeowners lines.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. At least 38 of those events happened in the last five years, with 14 in 2023. The five-year average count for liability claims increased 24.9

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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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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.

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Spring is here, let’s get our recreational vehicles out

Shield Insurance Agency

Whether you own a motorhome, pop-up, ATV, or other recreational toys, it’s crucial to ensure they have the right insurance coverage. It’s a common misconception that standard auto insurance policies will cover recreational vehicles. However, there are numerous ways to potentially save on your premium.

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Landlord Insurance in Ohio: Get a Quote from Distinguished

Distinguished

Distinguished offers three core programs tailored to Ohio’s rental property landscape: City landlord insurance : For owners of 2-100 unit properties, including mixed-use buildings with commercial tenants. City multi-family landlord insurance : Ideal for 2-4 unit properties, whether fully rented or partially owner-occupied.

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Despite Progress, California Insurance Market Faces Headwinds

Triple-I: Homeowners Insurance

In 2025, that exposure will increase further as FAIR begins offering higher commercial coverage for larger homeowners, condominium associations, homebuilders and other businesses. Insurance Commissioner Ricardo Lara has implemented a Sustainable Insurance Strategy to alleviate these pressures.