Hints and tips:
Related Special Reports
...UK start-up Wayve has created a self-driving car system that can explain its actions in what the company claims is a “first of its kind” that will give vehicle owners confidence in the technology....
...The cost of insuring an automobile has climbed nearly 21 per cent over the past year, according to the BLS. It rose nearly 2 per cent in January without seasonal adjustments....
...The Ulez charge has come alongside rising premiums for car insurance and higher petrol and diesel costs....
...As higher insurance makes EVs less attractive, adoption rates will adjust accordingly. Are higher insurance rates for EVs a big concern for owners, or just a passing phase?...
...“If you then see a significant jump in the cost of insurance, the proportion of people who can afford them narrows,” he added....
...This evokes memories of the long-running, and very expensive, payment protection insurance scandal. Any lenders funding motor finance should worry about how this problem could mushroom....
...Insurance prices have soared to as much as £30,000 a year for drivers of JLR’s cars — which start from £33,000 for the Jaguar XE and go up to £160,000 for Range Rovers — prompting the company to offer its...
...However, carmakers are huge global companies with revenues often in the hundreds of billions of pounds....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...The number of complaints related to building insurance rose to 1,776 cases at the start of the financial year, compared with 1,642 in the same period last year....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...Mike Hawes, head of the Society of Motor Manufacturers and Traders, which represents the UK car industry, said more incentives, as well as cheaper insurance deals and more charging points, were needed to...
...The company plans to expand its ship fleet to eight in the next two years....
...The PPI scandal dates back to the 1990s when banks mis-sold a type of insurance product to millions of customers....
...Tom Guy, managing director of Etc at BT Group, told the Financial Times the company was taking near end-of-life assets to use them for the “next generation of services with EV”....
...They have questioned the company’s previous disclosures over the limitations of its technology as well as its handling of the incident....
...insurance customers....
...One company was looking to commission a ship with “fully contained” storage for cars, Gunn added. Shipowners could face growing pressure from clients to make these kinds of upgrades....
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...But it described the accident as “an exceedingly rare event” that had not been included in any of the scenarios outlined by regulators or insurance industry bodies, nor come up in its “millions of miles...
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...The retraction undermined their original findings that those who signed a declaration at the start of a tax form and a car insurance company claims audit were more honest....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...The company fails to appear in a 2022 ranking by market share of the UK’s 10 largest car insurance companies by NimbleFins, a personal finance site....
...Links: What’s going on with US car insurance? For a free 90- day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Read a transcript of this episode on FT.com...
International Edition