auto insurance News
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 ...
Willis Towers Watson Closes Sale of Telematics Tech to Octo
Willis Towers Watson has completed the sale of its usage-based insurance assets to Octo Telematics, a U.K.-based telematics company focused on the auto insurance industry. Both sides first announced ...
Takata Corp. Slow to Repair Defective Air Bags in U.S. Vehicles
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto ...
Telematics-Driven Auto Insurance Still Has Untapped Audience: Survey
Behavior-based auto insurance—where carriers rely on telematics to gather driving data that shapes a customer's rates—appears to have a largely untapped audience. A new driver survey sponsored by ...