Electric vehicles can be a pain to insure. Fixing the problem would give reluctant buyers one less thing to worry about.
Tag: claims costs
The Fight for Price: Middle-Market Risks Shop Their Insurance Programs
Ballooning reinsurance costs, weather events resulting in claims and heightened property values are all contributing factors to rising property insurance premiums.
AM Best: Secondary Perils, Inflation Underlie Volatile Operating Results for U.S. P/C Mutual Insurers
Although rated U.S. property/casualty mutual insurance companies saw notable premium growth in 2022, carriers still recorded a $31 billion underwriting loss due to higher claims costs amid elevated inflation, according to a new AM Best report.