Tag: insurance implications

Catalytic Converter Theft Drops by 74%: State Farm Insights

Loreen
Auto insurance claims - catalytic converter - hands

A Significant Decline in Catalytic Converter Thefts Brings Relief to Car Owners In a remarkable turnaround, catalytic converter thefts in the United States have seen a substantial decline in the first half of 2024. State Farm, the nation’s leading auto insurer, reports a 74% drop in catalytic converter theft claims compared to the same period in 2023. This is a welcome relief for car owners and insurance holders who have been grappling with rising theft incidents over the past few years. Understanding the Impact Catalytic converter thefts have been a…

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A Curious Case of British Columbia’s Ban Amidst US Automation Optimism

Marc
Autonomous Car - BC Ban

While the United States gears up for a driverless future, with expectations set to see fully automated cars by 2025 and beyond, British Columbia takes a surprising detour. The province has instituted a new regulation, effectively banning the use of autonomous vehicles on its roads, raising eyebrows and prompting discussions over safety concerns and the future of the insurance industry. Autonomous Cars – A Green Light in the US, A Red One in BC The cutting-edge narrative of autonomous vehicles—heralded by the U.S. National Highway Traffic Safety Administration (NHTSA) as…

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