Major US insurers slide after China retaliates with tariffs

Shares of U.S. insurers fall after China's finance ministry said an additional 34% tariff will be imposed on all U.S. goods from April 10 in a response to U.S. President Donald Trump's sweeping tariffs

MetLife MET.N down 6.7%, Prudential Financial PRU.N falls 5.4%, Travelers TRV.N declines 4.2% and American International Group AIG.N drops 4%

"Within the P&C industry, we think the just-announced tariffs will mostly impact personal insurance claim costs, including more expensive car parts, used cars, and construction materials," KBW analysts say in a note

Insurers have time to file for rate increases, which state regulators are likely to approve, brokerage says