PCI Highlights Impact of Tariffs on Insurance Costs and Consumers at NAIC Meeting
SAN FRANCISCO - The Property Casualty Insurers Association of America (PCI) made a presentation Saturday to the National Association of Insurance Commissioners’ (NAIC) Property and Casualty Insurance (C) Committee on the potential effect of tariffs on auto insurance costs and consumers. “Tariffs on auto parts could have a significant adverse economic impact on consumers, automobile repair providers, business, and insurers,” said David Snyder, PCI vice president, policy, research, and international. “Based on data from the U.S. Bureau of Economic Analysis, PCI estimates that the proposed