Tag: increase

  • Allianz Reports Unexpected Increase in Q3 Net Profit of 6%

    German insurer Allianz on Friday declined to offer a forecast for 2020 given uncertainty across the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, like other insurers, has warned concerning the impact of clients making claims for business interruption and canceled events from lockdowns, while demand for automotive and travel […]

  • Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase

    Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase

    Cars on US roads are as old as they’ve ever been, potentially complicating efforts to expand using recent safety and emissions-reduction technologies. The age of sunshine vehicles domestically is now 12.2 years on average, up almost two months from last 12 months’s figure, based on S&P Global Mobility. That’s a record high and marks the […]