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Drivers warned of car insurance havoc as catalytic converter thefts spike

Britons are being warned of the biggest hotspots for catalytic converter thefts as experts call on drivers to take action to prevent it from happening to them.New data has found that police forces around England and Wales reported a total of 3,325 catalytic...

Donald Trump’s steel, aluminum tariffs could increase auto insurance rates: Experts

As U.S. President Donald Trump’s steel and aluminum tariffs begin, Canadian businesses are trying to prepare as best they can. “We’ll definitely notice the increase … our parts prices will go up,” said Kevin Fujita, a co-owner at CSN Kustom in Coaldale.He says his...

Drivers in these states are the most affected

Car insurance rates are skyrocketing across the United States, with a considerable increase in premiums expected in the years ahead. According to a recent study by Insurify, full-coverage car insurance costs rose by 15% in 2024, resulting in an average annual expense of...

Commercial auto insurance sector slated for 6% CAGR by 2032

In APAC, the market is expanding rapidly thanks to increased trade.The commercial auto insurance market size was valued at $52.8b in 2023, and is projected to ink a compound annual growth rate (CAGR) of more than 6% from 2024 to 2032, according to...

Why Nigerians don’t want to renew 3rd party vehicle insurance  

The Nigerian Police recently commenced the enforcement of third-party vehicle insurance, with defaulters likely to pay up to N250,000 if caught.This enforcement seems to be more effective in Lagos, Akwa Ibom and Edo states, while the Federal Road Safety Corps (FRSC) and the...