2024 P&C Market Outlook: Impact on Insurance Pricing and Availability

In the 2024 P&C Market Outlook, Alera Group predicts significant changes in the insurance landscape. With unprecedented industry losses and unprofitability, homeowners and auto insurance will experience pricing increases and limited availability. The study reveals that pricing is expected to rise in most insurance lines, with the most significant rate increases projected for commercial property, … Read more

Electric Vehicle Sales Surge in China: Li Auto, Nio, Xpeng, Tesla, and BYD

Electric vehicle sales in China are booming, with Li Auto, Nio, Xpeng, Tesla, and BYD leading the charge. Li Auto reported a record-breaking 11,300 units sold last week, while Nio registered 3,400 insurance registrations. Xpeng saw a significant increase in sales with 4,800 units sold. Tesla continues to dominate the market with 18,300 insurance registrations. … Read more

Montgomery Mayor Vetoes City Council Ordinance on Medicare Supplemental Insurance

Montgomery Mayor Steven Reed has vetoed a City Council ordinance that aimed to halt the city’s new supplemental health insurance program for Medicare-eligible retirees. The program, managed by Amwins, covers costs not covered by Medicare for retirees aged 65 and older. The mayor’s veto ensures the program will proceed as planned, but the City Council … Read more