UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI April 29, 2024 Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen...
Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums April 18, 2024 By Huw Jones The rising cost of car insurance has triggered a barrage of complaints in the cost of living crisis, Britain’s financial...
EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 16, 2024 By Jamie Nimmo Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens...
High Insurance Premiums Are the Latest Thing Weighing on China’s EV Market April 5, 2024 By Yihui Xie In another setback for electric car demand in China, where uptake has slowed in recent months, some drivers are now...
Ageas Says It Won’t Make Third Offer for Direct Line Insurance March 25, 2024 By Michael J.Moore Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 21, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
Slumping EV Prices Force Carmakers to Repay Leasing Firms February 22, 2024 By Elisabeth Behrmann and Wilfried Eckl-Dorna Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
Trudeau to Hold National Summit in Response to Canada’s Massive Spike in Auto Thefts January 22, 2024 Prime Minister Justin Trudeau’s government is holding a summit next month to coordinate a national response to a massive spike...
Range Rovers Become Thief-Magnets, Causing Insurance Premiums to Skyrocket December 14, 2023 By Jamie Nimmo Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted...
Hannover Re’s Germany Unit Expects Further Price Hikes at January Renewals October 23, 2023 E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the group’s German business, expects further price increases and improved conditions...