Nationwide may not have felt much change in the construction sector during the first half of 2025, but there are now some signs of shifting due to the unknowns of tariffs.
“[We’re] definitely started to see a little of the pressures now,” Kelly Adams, senior vice president of E&S Brokerage Construction at Nationwide said recently at the Wholesale Specialty & Insurance Association (WSIA) annual conference in San Diego.
Adams told Insurance Journal’s Andrea Wells that some developers are putting projects on hold and wondering if they are going to see increases in insurance costs.
“We have others that are just canceling policies—canceling projects,” due to tariffs, labor shortages, or lack of skilled workers, she said.
Watch the rest of this interview with Insurance Journal’s Andrea Wells as well as others from WSIA.
Topics Construction
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance Tops Property Taxes in Squeeze for US Households 
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix 
