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Tariffs and Insurance: How New Trade Policies Are Driving Industry-Wide Adjustments

A conceptual illustration of trade tariffs, depicting shipping containers covered in flags from U.S, European Union, Canada, China, and Mexico. The image conveys themes of supply chain disruptions, trade policies, and global commerce challenges. 3D render

The U.S. insurance industry, already tasked with forecasting risk amid a dynamic global landscape, is now facing new challenges following the announcement of sweeping tariffs by President Donald Trump on April 3, 2025.

U.S. Traffic Deaths Decline in 2024, but Challenges Remain

heavy traffic moving at speed on UK motorway in England at sunset.

After years of rising roadway fatalities, new data from the National Highway Traffic Safety Administration (NHTSA) shows a promising shift. Traffic deaths in the United States fell by 3.8% in 2024, reaching 39,345 fatalities — the lowest number since 2020.

U.S. Individual Life Insurance Sales Hit Record High in 2024

Happy family, mother and father with children on back in a nature park for bonding and relaxing in summer. Smile, mom an dad love enjoying quality time with siblings or kids outdoors for fresh air

The U.S. individual life insurance market marked its fourth consecutive year of record-high premium in 2024, with total new annualized premium reaching $15.9 billion — a 3% increase over the previous year, according to LIMRA’s newly released retail life insurance sales survey.

Tariffs Threaten to Drive Up Insurance Costs and Global Economic Tensions, Warns APCIA

Economic tariffs and government taxation or punative tariff trade policy or duties imposed on imports and exports by a government on imported or exported goods as Protectionism to raise national revenue

As federal policymakers weigh new tariffs on imported goods, the American Property Casualty Insurance Association (APCIA) is sounding the alarm about the ripple effects across the insurance industry and global economic order.