CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / PCI Reports Tariffs Could Increase Collision Repair Claim Costs $3.4 Billion

PCI Reports Tariffs Could Increase Collision Repair Claim Costs $3.4 Billion

November 20, 2018 By CollisionWeek Editor

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.

Property Casualty Insurers Association of America logo “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 tariffs on auto parts could increase auto repair claims costs by $3.4 billion and ultimately be passed onto

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Claim Severity, National Association of Insurance Commissioners, Property Casualty Insurers Association of America, Tariffs

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Certification Collision Repair Education Foundation Copart Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations Non-OEM Parts Openings People PPG Industries Regulations Service King Collision Repair Centers Texas United Kingdom Women's Industry Network Workforce Development

Recent Articles

  • Crash Champions Celebrates 200 Location Milestone May 24, 2022
  • Premium Increases Lead to Erosion in Auto Insurance Price Satisfaction May 24, 2022
  • PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions May 24, 2022
  • Uni-Select Canada and the Colonial Group Announce Strategic Agreement May 24, 2022
  • Intertek Expands Service Offerings at North America Electric Vehicle Testing Lab May 24, 2022
  • Average Age of Vehicles in the US Increases to 12.2 years. May 23, 2022
  • Crash Champions Acquires Collision Repair Centers in New Jersey and Pennsylvania May 23, 2022

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2021 - QuanDec Corporation - All Rights Reserved · Log in