Soaring Insurance Rates Have States Considering Price Caps

soaring insurance rates - 保险费率飙升 Have States Considering - 各州正在考虑 Price Caps - 价格上限 译文:保险费率飙升,各州正在考

WSJ What’s News

2025-10-21

13 分钟
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P.M. Edition for Oct. 20. The cost of home and auto insurance in the U.S. has risen so dramatically that lawmakers in some states are considering price controls. But, as WSJ reporter Jean Eaglesham tells us, that approach may have downsides. Plus, millions of internet users struggled to use major websites and apps today as an Amazon Web Services outage persisted for hours. And Apple closed at a record high following news of strong iPhone sales. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Major websites and apps were down for millions of people as the Amazon Web Services outage continues.

  • Plus, big price increases for home and auto insurance have some states considering price caps.

  • That's a balanced regulator say they're trying to draw, which is very difficult.

  • So protecting policyholders without leaving to a California-style exodus of insurers.

  • And a report of strong iPhone sales sent Apple stock to a new high.

  • It's Monday, October 20th.

  • I'm Alex Osila for the Wall Street Journal.

  • This is the PM edition of What's News,

  • the top headlines and business stories that move the world today.

  • Amazon was working to fully restore service more than 12 hours after a wide-ranging internet outage began.

  • Millions of websites and platforms rely on Amazon Web Services for cloud computing.

  • and problems with its network affect the wider internet.

  • Disruptions were reported for a range of companies,

  • from Facebook and Snapchat to financial services companies,

  • including Fidelity and Venmo, to United Airlines, to Amazon's own shopping site.

  • The Wall Street Journal was one of several media organizations feeling the impact today,

  • and for me personally, my attempt to book some holiday travel did not work.

  • The outage began around 3 a.m.

  • Eastern time after an error in a technical update to a widely used database service that knocked the database offline in Amazon's data centers in northern Virginia.

  • Other AWS services then failed too.