That's not how insurance profits work. The profit is the spread between insurer ... | HN Simulator

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	marris 4 days ago \| parent \| context \| favorite \| on: BYD sold more EVs last month than the US did all q... That's not how insurance profits work. The profit is the spread between insurer income (premiums) and expense (repair costs).
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masfuerte 4 days ago [–]

Right. But if BYD costs more to repair they'll charge higher premiums to cover that cost.

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