FREE Membership Sign in

JavaScript is disabled in your browser.

In order visualise this page, please follow these steps.

Electric vehicle drivers should expect to pay more for insurance

By Kate McCaffery | March 29, 2024, 10:15 a.m.

Photo: Adobe Stock

Rates are going up, but trend may be moderated or mitigated by regulation.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in P&C

Reinsurers expected to bear the financial brunt of Baltimore ship-bridge collision

Electric vehicle drivers should expect to pay more for insurance

Embracing artificial intelligence is crucial for industry

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Related topics …

Flash

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Wholesalers have growth ambitions

P&C Insurance

Inactive agent with an active license fined for not maintaining liability insurance

Supervisors fined when licensee leaves client uninsured for months

Casualty rates excluding auto liability decline at the start of 2024

Race to insure electric vehicles could change the industry

Automobile insurance

National Flood Insurance Program promised again in budget

Commercial truck driver training lacking

Some Albertans prefer current “at fault” automobile insurance system

Insurance and collision repair industries being reshaped in the United States

DBRS

Commercial real estate adversely affects insurers’ 2023 financial results

Regulatory scrutiny of insurer’s alternative investments increases globally

Electric vehicle drivers should brace for higher insurance rates

Industry issues less debt in 2023

Distribution

Direct simplified issue offerings benefit advisors eventually

Income inequality gap widens in 2023

Your client’s concerns in 2024

Harnesssing group insurance data: The Power of statistics

Strategy

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

Quebec flood zone map raises concerns even before its release

Tips for increasing your firm’s value

Analytic

Insurers pushing their limits in accelerated underwriting

Embracing artificial intelligence is crucial for industry

New tool available to help municipalities mitigate flood risk

Pension funding rises in March

International

Natural catastrophe losses globally exceed $43-billion

Drug plan sponsors encouraged to set up usage guardrails for new therapies

Reinsurers perform strongly despite catastrophe losses in 2023

Reinsurers expected to bear the financial brunt of Baltimore ship-bridge collision

Indemnisation

Most Canadian homeowners do not carry sufficient coverage

Deep freeze caused $180 million in insured damage across three provinces

The number of stolen vehicles in Canada remained stable in 2023

Auto insurance legal costs highest in Alberta

Claims

New Jersey Supreme Court finds in favour of insurers in business interruption case

An average year for property and casualty Insurers in 2023

Population growth continues in coastal and low-lying areas

Severe thunderstorm damages reach all-time high