[Video] In Construction, Labor Shortages Now Compounded by Tariff Concerns

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.