Policy Update: Tariffs, Inflation, and Rising Auto Insurance Costs

In this episode of Actuary Voices: Policy Update, host Ted Gotsch sits down with Rob Fischer, Margo MacKenzie, and Jeff Clinch to explore one of the most pressing issues facing consumers and insurers today: the rising cost of auto insurance. The conversation examines the factors driving affordability challenges across the auto insurance market, including inflation, vehicle repair costs, changing driving patterns, advanced vehicle technology, and the growing uncertainty surrounding tariffs and global supply chains. Margo and Jeff also discuss the Academy's recent issue brief on tariffs and auto insurance, explaining how actuaries evaluate emerging risks when historical data may no longer tell the full story. Additional Resources: Read the Academy's Issue Brief, Tariffs and Personal Auto Insurance: An Actuarial Perspective (https://actuary.org/wp-content/upload...) Learn More About the Casualty Practice Council (https://actuary.org/academy_committee...) and Its Public Policy Work Explore Additional Academy Resources on Insurance Affordability and Risk Management (https://actuary.org/resources/access-...)