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: Severe weather events like wildfires and floods are forcing insurers to adjust rates for environmental "transition risk". 4. Technological Innovations

: Transitioning to EVs has introduced new risks, with a 14% rise in claim frequency for drivers moving from traditional gas vehicles to EVs. insweb comauto-insurance

: Over 45% of policyholders now shop for new rates annually, an all-time high driven by the search for affordability. 3. Emerging Risk Factors New variables are influencing how premiums are calculated: : Severe weather events like wildfires and floods

: Roughly 86% of consumers now trust AI to help them compare quotes or explain complex policy language. insweb comauto-insurance

: States are increasingly using web services to verify insurance status in real-time, reducing the reliance on physical cards. 5. Critical Reporting Components