auto insurance News
Experts: Uber, Lyft and Shared Owners Will Dominate Future Auto Sales
Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at ...
Direct-to-Consumer Auto Insurance Keeps Gaining Traction: J.D. Power
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a new report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, ...
Distracted Driving Proliferates Well Beyond Cellphone Use: Survey
Carriers may be concerned about drivers using their cellphones or succumbing to other distractions while behind the wheel, but the behavior remains entrenched in daily life. Sometimes, it is even ...
AIG Will Depart Individual Personal Lines Business in Canada
American International Group has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. "We continually review our ...
Volvo Will Install In-Car Cameras, Sensors to Prevent Drunk Driving
Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or ...
Wrecked SUVs Gain New Life in $900B Aftermarket
Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and ...
Beyond Fender-Benders: How Self-Driving Cars Are Killing Auto Insurance
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his ...
InsurTech MGA Clearcover Pulls in $43M Series B; American Family Among Investors
American Family Insurance joined onto a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicaco, ...