auto insurance News
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 ...
Willis Towers Watson Selling Telematics Tech to Octo; Both Will Jointly Develop More
Willis Towers Watson plans to sell its usage-based insurance assets to Octo Telematics, a UK telematics company focused on the auto insurance industry. Once the deal concludes, both companies will ...
Self-Driving Car Legislation Passes U.S. Senate Commerce Committee
The U.S. Senate Commerce Committee on Wednesday unanimously approved a bill to speed self-driving cars to market without human controls and bar states from imposing regulatory road blocks. The bill ...
Consumers Worry Autonomous Vehicles Will be Vulnerable to Cyber Breaches: AIG Study
As property/casualty insurers contemplate how to insurer autonomous vehicles, a new AIG study reveals consumers worry these cars and trucks of the future are particularly vulnerable to cyber ...
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...
US. Senators Announce Deal on Self-Driving Car Legislation
Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles to getting self-driving cars to drivers. U.S. Senator John Thune, a Republican ...
Over Half of Allstate $553M August Hurricane Harvey Losses Were Auto Claims
Hurricane Harvey slammed The Allstate Corp. with an estimated $553 million in catastrophe losses in August, the insurer said. More than half related to auto claims. The pre-tax gross estimate is a ...
Samsung, Following Archrival Apple, Will Start Testing Self-Driving Vehicles in CA
Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smart phone maker four months after iPhone ...