The rising costs of new and used cars has fueled soaring claims costs 19% year over year in August. The situation hurts drivers. insurers, and investors.
By Stephen Nakrosis Shares of Cheche Group were trading higher with heavy volume on the Nasdaq Friday, after the Chinese auto insurance group said it was.
Shares of insurers Allstate and Progressive could be hurt by more-expensive policies if the United Auto Workers strike against the Detroit-Three automakers.