Technology/Science
Goldman Sees Autonomous Vehicles Transforming Insurance World
The rise of autonomous vehicles will force a reconfiguration of the $400 billion U.S. auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about ...
Carriers Embracing DIY Home Inspections More and More, Firms Say
The future of home inspections is here and it's in the hands of … the homeowner. Literally, according to leaders of two firms that have developed DIY systems now being used by prospective insureds ...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
Insurance industry financial strength rating agency AM Best said that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers ...
Nearmap Acquiring itel to Add to Property Intelligence, Underwriting and Claims Services
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap's CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews ...
California Regulator Weakens AI Rules, Tracking Safeguards
California's first-in-the-nation privacy agency is retreating from an attempt to regulate artificial intelligence and other forms of computer automation. The California Privacy Protection Agency was ...
3D Printing in the Auto Industry Mulled by Experts
The rise of interest and capability to 3D-printed auto parts promises to reshape the insurance and claims landscape, with significant implications for pricing, quality ...
More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat
Around 156 million Americans, nearly half of the US population, now live in areas with unhealthy levels of air pollution, part of a trend toward declining air quality as climate change-related ...
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers' information and then selling that data to Progressive. ...
Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC
Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper.