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 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
Traveling abroad can come with unexpected pitfalls, especially when it comes to medical issues. This article explores a real-life case of a Finnish tourist in Bali who found himself underinsured and facing challenges with his credit card insurance. Find out why basic insurance may not be enough, the complexities of repatriation, and the importance of … Read more
The private insurance market has fallen short in providing financial security for older Americans in need of long-term care. Many policies only cover nursing homes, leaving out other types of assistance. Despite estimates that 70% of people over 65 will require critical services, only 3-4% have long-term care insurance. Efforts to create a functioning market … Read more
As climate change intensifies, insurance companies are grappling with the delicate balance of affordable premiums, sufficient coverage, and promoting responsible behavior. Unusual and extreme weather events are causing catastrophic losses that are difficult to factor into premiums. Explore the moral hazards of insurance and the potential consequences of rising costs on property values. Discover how … Read more
