telematics News

General Motors Launches Use-Based Auto Insurance With OnStar Vehicle Data

General Motors Co. on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated by increasingly automated and connected cars. …

Claims Business: RecovX Health, Tokio Marine and CrowdStrike, Ford and Verisk

ReCovX Health Launches Injury Claim Filing Tool RecovX Health, an insurtech based in Sarasota, Fla., has launched a product that allows injured people to file third-party liability accident claims with insurance companies. RecovX founder and owner Lee E. Fogle said …

Honda Safe Driving App Links With Insurers for Premium Discounts

Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk. The Driver Feedback app is available to …

A.M. Best Says Commercial Auto Losses Worst in 10 Years

The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the …

Business News: Snapsheet, IMS and Hippo

Outdoorsy Contracts with Snapsheet for Virtual Claims Outdoorsy, a sharing economy provider that connects renters with recreational vehicle owners, has contracted to use Snapsheet’s virtual claims management system, the Chicago-based insurtech said in a press release. Snapsheet said Outdoorsy has …

Business News: HomeCare Connect, Roost, Consolidated Claims Group

HomeCare Connect Rolls Out TextConnect HomeCare Connect, which provides in-home caregivers to injured workers, announced the launch of a free texting service to allow clients to communicate with care givers. HomeCare Connect said that during its initial contact with injured …

Ford to Make It Easy for Drivers to Hook Into Allstate Telematics Program

Allstate Corp. struck a deal with Ford Motor Co. that will allow some of the automaker’s customers to share data with the insurer for its program that tracks mileage. The majority of Ford and Lincoln 2020 model-year vehicles with embedded …

‘Powerful Predictiveness’ May Be Key to Reversing Commercial Auto Losses

The future cannot come too soon for commercial auto. Despite growing premiums, the commercial auto line hasn’t turned an underwriting profit for the past nine years as both the number and cost of claims exceeded expectations. Tech companies are pitching …

Business News: Roost, J.S. Held, Charles Taylor Technical Services

Roost Teams Up with Church Mutual Roost, a Silicon Valley company that sells telematics products, has penned an agreement with Church Mutual to provide policyholders with water leak, freeze and power outage detection and alert equipment. Church Mutual will be …

Tesla Insurance Will Seek to Use Driver Video, GPS Data

Tesla Inc.’s use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers’ authorization and individual U.S. state laws, a senior company executive said on Wednesday. “The data is …