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...
Artificial Intelligence Startup Helps Insurers Spot Cognitive Decline in Older Drivers October 17, 2023 By Saritha Rai Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22...
Road Accidents Jump 22% During Week After Clocks Go Back November 1, 2022 Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S. August 10, 2022 By Carolyn Cohn and Huw Jones The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said...
Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash August 5, 2020 UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and...
UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons July 23, 2018 UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved...
Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform April 13, 2018 Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car...