Tag: insurance

‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage

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Insurers are being forced to write off many electric vehicles with only minor damage to battery packs, sending the batteries to scrap yards and hindering the climate benefits of going electric, Reuters reported.

Battery packs typically represent roughly half the cost of an electric vehicle, sometimes costing tens of thousands of dollars, often making it more economical for insurers to consider a car as totalled than replace a battery pack, according to Reuters. While many carmakers, including Ford and GM, told Reuters that their battery packs were repairable, many are unwilling to share key data with third-party insurers to help assess damage.

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Biden Admin Now Says It Will Get Around to Flying Americans out of Afghanistan by the End of the Year

Ohio Star Staff

State Department evacuation flights out of Afghanistan will resume by the end of the year, a senior State Department official told The Wall Street Journal.

The operation to retrieve U.S. citizens and Afghan allies left behind will require coordination with the Taliban and other governments, the official told The Wall Street Journal. Kabul’s international airport remains closed to regular passenger travel since the U.S. ended its first evacuation attempt on Aug. 31.

U.S. citizens, U.S. legal permanent residents and immediate family members will receive priority treatment in securing seats on evacuation flights, the official said. The State Department is hoping to eventually have several aircraft leave the country each week.

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Michigan Governor Signs Auto Insurance Reform That Will Lower Rates

Ohio Star Staff

by Tyler Arnold   Gov. Gretchen Whitmer signed bipartisan auto insurance reform into law Thursday that will guarantee lower rates for all drivers in the state with the highest premiums in the country. “By signing this legislation, we are providing relief to millions of drivers across the state and guaranteeing…

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Michigan House, Senate Pass Auto Insurance Reform, Governor Whitmer Expected to Sign

Ohio Star Staff

by Tyler Arnold   The Michigan House and Senate passed auto insurance reform Friday with substantial bipartisan support after the House Republicans, Senate Republicans and Democratic governor struck a deal. Gov. Gretchen Whitmer is expected to sign the bill into law. The legislation will eliminate a mandate that required all…

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Report: Ohioans Enrolled in Obamacare Had 20 Percent of Medical Claims Denied Despite Coverage

Andrew Shirley

A new report from the Kaiser Family Foundation has found that, from 2015-2017, 20% of all claims made by individuals covered under the Affordable Care Act, commonly known as Obamacare, have been denied. This has led to thousands of patients going “out of pocket” to cover expensive procedures or putting…

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Wisconsin and New Jersey are Among the States Looking To Copy Minnesota Model Of Using Federal Funds To Lower Insurance Premiums

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Minnesota capitol

by Evie Fordham   Several states including Wisconsin and New Jersey are seeking to copy Minnesota’s model of federal reinsurance program funding that contributed to a 13-percent drop in premium rates in the state from 2017 to 2018. The Minnesota legislature adopted the program, which uses mostly federal funds to…

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