March 6, 2020
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 …
February 12, 2020
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 …
November 8, 2019
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 …
September 10, 2019
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 …
August 28, 2019
The commercial auto line hasn’t returned an underwriting profit for eight years now. Growing claim severity is a big part of the problem. Advanced technology needs to be a part of the solution, according to a report released Tuesday by …
August 15, 2019
Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. GEICO has been one of the few among the top 10 largest personal auto insurance carriers without a …
June 14, 2019
The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip instead of waiting for a periodic score card. State …
May 20, 2019
Remember Google Glass? The vaunted debut of the company’s computerized eyewear six years ago was one of Silicon Valley’s more spectacular flops. Deemed too awkward and pretentious, early users were disparaged as “glassholes” by a critical public. Parent company Alphabet …
May 10, 2019
An instinct for self-preservation has carriers dipping their toes into the smart home technology space, but no U.S. insurer has taken a full plunge so far. The industry hasn’t settled on how it should get devices such as water-leak detectors …
May 3, 2019
Researchers at North Carolina State University have identified design flaws in “smart home” Internet-of-Things devices that allow third parties to prevent devices from sharing information. The flaws can be used to prevent security systems from signaling that there has been …