coverage costs

Energy Transition Affects Auto Insurance Costs

Energy Transition Affects Auto Insurance Costs

UK insurer Legal & General warns that investors underestimate the energy transition pace, which affects auto insurance pricing as electric vehicle adoption accelerates faster than expected, potentially impacting coverage costs for US drivers.

Medical Malpractice Costs Drive Up Insurance Rates

Medical Malpractice Costs Drive Up Insurance Rates

Medical professional liability claims have reached unprecedented severity levels, with average payouts exceeding $150,000 per claim. This trend is contributing to broader insurance cost increases that affect drivers through higher premiums across multiple coverage types.