auto insurance News
Cambridge Mobile Telematics’ New Smartphone Tech Lets Auto Insurers Reconstruct Crashes
Cambridge Mobile Telematics is launching a new product that lets auto insurers use smartphones reconstruct crashes as part of the claims process. The company said its new Claims Studio product line ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
J.D. Power Merges With Autodata Solutions; Data Analytics for Insurance, Other Industries to Continue
J.D. Power, a provider of data analytics and consumer intelligence for insurance and other industries, has merged with Autodata Solutions, a company that produces data and software products and ...
Octo Telematics Deepens Connected Car Focus With Nebula Systems Acquisition
Italy's Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries. The acquisition brings ...
Cambridge Mobile Telematics and Investor SoftBank See $$$ in Autonomous Vehicles
As of 2018, Cambridge Mobile Telematics was in a sweet spot. The Massachusetts-based company launched in 2010 was independent and had become profitable. Its technology used by insurers and others to ...
Root Insurance Secures $350M Financing to Fuel Accelerated Expansion
Root Insurance confirmed it has pulled in a $350 million venture capital infusion, a few weeks after news of the imminent financing leaked early. The Wall Street Journal reported in late August that ...
Tesla Begins Offering Auto Insurance to Its California Customers
Tesla Inc. began offering auto insurance to its vehicle owners in California, touting rates as much as 30% lower without offering much detail. The electric-car maker is offering online quotes through ...
Speeding Is Riskiest of all Bad Driving Behaviors: Research
Speeding is the riskiest kind of aggressive driving, according to an analysis of data from on-board telematics devices in vehicles. Researchers at Canada's University of Waterloo examined data from ...