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Bloomberg Businessweek

Bloomberg Businessweek Weekend - February 23rd, 2024

Feb 23, 2024
01:22:56
Snipd AI
Topics include NVIDIA's growth and dominance in the tech industry, financial landscape of autonomous vehicles, demographic shifts affecting the 2024 elections, cyber preparedness, challenges in Maryland's economy, President Biden's achievements, EV industry hurdles, rising auto insurance costs, repair challenges for electric vehicles, top hedge fund founders earnings, cybersecurity preparedness, regional convenience store success, luxurious high-end hotels, and the story of the Singapore Sling cocktail.
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Podcast summary created with Snipd AI

Quick takeaways

  • Auto insurance costs surged in 2023 due to advanced car technology driving repair costs up.
  • Despite modern safety tech, auto insurance claims are rising due to distracted driving habits.

Deep dives

Auto Insurance Costs on the Rise

Auto insurance costs in the US rose over 20% in 2023, the biggest jump since 1976. This increase is primarily attributed to the extensive technology present in modern cars, driving up repair costs passed down through insurance rates.

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