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China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
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A Michigan legislator has introduced a bill requiring auto insurers to reduce premiums by at least 10% on all new and renewed policies — a move the American Property Casualty Insurance Association (APCIA) warns could destabilize the state's insurance market.
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In recent weeks, insurance fraud investigators across states from North Carolina to Florida have been active, leading to the arrests of firefighters, suspected auto-crash scammers, and a man who allegedly filed a false claim after his car fatally struck a pedestrian.
China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
