Electric car owners, including Tesla Model Y’s, are experiencing escalating insurance costs, with some renewals going up to £5,000 or more. Several insurance brands, including Aviva, are refusing to cover…
Tag: insurance
John Lewis Stops Insuring Electric Cars Over Repair Cost Fears
John Lewis Financial Services has temporarily stopped insuring electric vehicles due to rising repair costs which are impacting profits. Specifically, concerns arise from the common battery damages, which are relatively…
Assessment of climate change risk to the insurance sector
Apart from the slow creep of sea level rise which in recent decades has been tracking the low end of the RCP4.5 scenario, there is little justification for expecting a…
Over-insuring the gullible: The Hartford offers 'extreme weather insurance'
UPDATE: graph of damage losses including 2012 posted below. It says all that needs to be said. This ad is running in rotation at the NYT today, and it needs…
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