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Insurance Information Institute addresses tariffs, inflation, and legal challenges in recent updates

Insurance Rate Review / 15 hours ago

The Insurance Information Institute, a U.S.-based industry association focused on improving public understanding of insurance, shared a series of updates on social media regarding recent trends and challenges in the insurance sector.

On October 20, 2025, the organization highlighted comments from its Chief Economist Michel Leonard in an interview with ITL Updates. According to the post, "In a recent interview with @ITLupdates, @iiiorg Chief Economist Michel Leonard noted that while new #tariffs add economic uncertainty, the U.S. economy and #insurance industry remain resilient heading into 2025." The full interview is available through a link provided in the tweet.

The following day, October 21, 2025, the Insurance Information Institute reported on trends in property and casualty (P&C) insurance costs. The post stated: "P&C #insurance replacement costs rose more slowly than overall #inflation in 2025. @iiiorg projects 2.4% industry growth vs. 1.6% for U.S. GDP. Costs are expected to outpace inflation in 2026–27, though tariffs had less impact this year than expected."

Later that same day, the organization referenced an educational resource developed with Munich Re regarding legal system abuse and its effects on insurance stakeholders: ".@iiiorg and Munich Re’s consumer guide explains how legal system abuse impacts #insurance consumers and businesses." The tweet included a link for readers seeking additional information.

These updates come as the insurance sector faces evolving risks and regulatory changes affecting pricing and operations across markets.

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Insurance Information Institute