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By 2025, 3% of all registered vehicles in the U.S. will be electric. This share is projected to reach 8% by 2030.
Mercury Insurance compiled a list of the model-year 2022 electric vehicles that tend to be affordable to insure.
The Insurance Institute for Highway Safety shares their annual ranking of the top safety-rated small SUVs for 2022.
The emerging technology raises questions around what it means to 'operate' a vehicle and how liability will be determined.
In addition to tech, carmakers' vertical integration of the entire ownership experience could shake up the auto insurance space.
For this data to provide real results on performance and safety, everyone across the fleet must understand its value.
Similar regulations may arrive in the U.S. sooner than later, but insurers warn the technology is not as reliable as it seems.
Data also assists in developing a more agile organization, which is especially important at a time when some insurers have had to do more with less.
Through digital solutions, underwriters can increase efficiency, reduce risks, improve performance and elevate the insurance customer experience.
Many variables such as the type and location of the sensor and where the work is performed can affect ADAs repair costs.
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