The trade war will hurt customers on both sides of the border
North American insurers are bracing for the impact of tariffs imposed by US President Donald Trump last week. Insurance groups from the US and Canada anticipate rising costs to push up rates for consumers.
“Tariffs will have an impact on insurance as they add additional costs to the goods used in replacing and repairing homes, cars and businesses,” the Insurance Bureau of Canada (IBC) said in a statement to Insurance Business.
“While we don’t yet have a precise picture of the scope of these e