Auto Insurers News

Towers Watson Releases Analytical Scoring Model for Auto Insurers

Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific factors in the risk model and a non-GPS …

ISO Launches Standardized Motorcycle Program for Personal Lines Insurers

ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides liability, medical payments, uninsured motorists, and physical …

The Hartford Extends Term of AARP Home, Auto Insurance Program

The Hartford has extended its agreement with AARP to offer home and auto insurance products to its members. With the three-year extension, The Hartford’s relationship with AARP now runs through January 1, 2023. This is the fourth extension since the …

Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market

San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone usage-based insurance (UBI) application, and cloud based analytics and portals. Driveway’s SmartUBI …

Sprint Expands User-Based Insurance Platform

Sprint is expanding its user-based insurance platform — Integrated Insurance Solutions — with two new products that the company believes is the next step for UBI 2.0. Working with Modus, Sprint launched a text disablement product that is hard wired …

DriveFactor, Admiral Group to Offer Usage-Based Insurance Throughout UK

DriveFactor has partnered with Admiral Group plc to expand usage-based insurance (UBI) offerings throughout the U.K. Through this partnership, DriveFactor will power a version of Admiral’s Bell Safe Driver policy, which offers discounted auto insurance to U.K.-based drivers who apply. …

EPIC, Dowling Capital Form Protector Holdings to Capture Hispanic Market

As the Hispanic and Latino populations continue to grow, so should the insurance company options available to them. That is the thinking of one new Hispanic-focused insurance venture. Paul Areida, CEO of the newly formed Protector Holdings, said the acquisition …

Industry Group Opposes Massachusetts Proposal to Set Auto Labor Rates

The National Association of Mutual Insurance Companies is opposing bills currently under consideration in Massachusetts that would require the state to set a minimum hourly labor rate that insurers must pay for auto repairs. In testimony submitted this week to …

GMAC Insurance Changes Name to National General Insurance

GMAC Insurance, a national specialty personal lines company and automobile insurer, is changing its name to National General Insurance, effective July 1. Michael Karfunkel, chairman and CEO of National General Insurance, said the name change is the culmination of three-plus …

PURE Introduces Auto Insurance Option to Massachusetts Drivers

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability …