All-electric vehicles accounted for 7.5 per cent of new car sales in Europe in the three months from April through June, against 3.5 per cent during that period last year.

In absolute terms, sales of battery electric vehicles more than tripled across Europe to reach 210,298 cars.

Intel chief warns chip shortage could continue for up to two years

Jul 23, 2021

The global chip shortage comes as demand for cars has spiked during the global economy’s recovery from the coronavirus crisis, driving up prices of new and used vehicles.

Some carmakers have adapted to the chip shortage by dropping features from their models, while others have built vehicles without the necessary chips and then parked them until their assembly can be finished later.

Insured losses from western German floods may total 4-5 billion euros – trade body

Jul 22, 2021

Gemany’s insurance industry association GDV said the floods in the states of North Rhine-Westphalia and Rhineland-Palatinate are likely to exceed the 4.65 billion euros of damage recorded following a deluge in August 2002.

As US wildfire threat grows, insurance capacity shrinks

Jul 22, 2021

Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.

While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.

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