auto insurance News
Carriers Still Don’t Get Dinged Much From Distracted Driving Costs: Analysis
Insurance companies are finally putting a price on the risk of distracted driving, and it's relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...
Pinnacle Teaming Up With Carfax on Data Analytics Group for Auto Insurers
Pinnacle Actuarial Resources has teamed up with Carfax Banking & Insurance Group to deliver actionable, data-driven insights to automobile insurance carriers, the two said in a statement last ...
U.S. Consumers Sue Kobe Steel, Toyota Over Vehicle Metal Quality
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of ...
Root Expands Into Four More States With Telematics-Based Auto Insurance Cover
Root, a telematics-based auto insurance startup, has expanded into four additional states, bringing the total in which it operates to 10. New state approvals to operate are from Pennsylvania, Texas, ...
How AI Will Revive Auto Insurance
Is auto insurance going to vanish as autonomous vehicles take over the roads? Will people be completely hands off their steering wheels in the next five to 10 years? Currently, the auto insurance ...
Toyota Teams With Amazon, Pizza Hut, Uber on Driverless Delivery Car Concept
Toyota Motor Corp., trying to transform itself into a leader of the new driverless economy, unveiled both the concept vehicle and the big-name partners to make it a reality. Amazon.com Inc. has ...
5 Auto Insurance Trends to Watch in 2018
Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for ...