Insurance Journal » telematics http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 18 Apr 2014 01:58:11 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 MAPFRE | Commerce Insurance Launches Telematics Program in Massachusetts http://www.insurancejournal.com/news/east/2013/12/18/314903.htm Wed, 18 Dec 2013 17:30:48 +0000 http://www.insurancejournal.com/?p=314903 MAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts drivers to receive comprehensive information on driving patterns and overall driving behavior through telematics technology. Participants in the program, which is offered at …

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Telematics An Advantage with Driverless Cars, Says Progressive CEO http://www.insurancejournal.com/news/national/2013/11/15/311356.htm Fri, 15 Nov 2013 10:00:06 +0000 http://www.insurancejournal.com/?p=311356 Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, which plugs into a vehicle and monitors habits …

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Usage-Based Auto Insurance on Road to Becoming Standard Offering http://www.insurancejournal.com/news/national/2013/10/29/309548.htm Tue, 29 Oct 2013 15:47:50 +0000 http://www.insurancejournal.com/?p=309548 Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto insurance down the road, usage-based insurance (UBI) powered by telematics …

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Researchers Question Privacy of Usage-Based Auto Insurance http://www.insurancejournal.com/news/national/2013/10/02/307073.htm Wed, 02 Oct 2013 21:00:37 +0000 http://www.insurancejournal.com/?p=307073 A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, unbeknownst to most users of the technology. Professors from the University …

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Allstate Says Usage-Based Insurance Delivering Savings to 7 Out of 10 http://www.insurancejournal.com/news/national/2013/09/16/305168.htm Mon, 16 Sep 2013 13:54:27 +0000 http://www.insurancejournal.com/?p=305168 Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise, will register more than one billion miles driven this month. Allstate also said that Drivewise is launching in Kentucky and Montana this week, making the usage-based …

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How U.S. Consumers Feel About Usage-Based Auto Insurance http://www.insurancejournal.com/news/national/2013/09/05/304105.htm Thu, 05 Sep 2013 14:11:12 +0000 http://www.insurancejournal.com/?p=304105 U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a survey. According Towers Watson, the results of its …

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Progressive Finds 40% of Drivers Say ‘No Way’ to Driver Tracking Product http://www.insurancejournal.com/news/national/2013/08/09/301277.htm Fri, 09 Aug 2013 09:00:39 +0000 http://www.insurancejournal.com/?p=301277 Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person’s driving to set rates, Chief Executive Officer Glenn Renwick said. Surveys of prospective Snapshot users have shown …

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MAPFRE Insurance Expands DriveAdvisor Telematics Program to Oregon http://www.insurancejournal.com/news/west/2013/08/07/301069.htm Wed, 07 Aug 2013 16:35:07 +0000 http://www.insurancejournal.com/?p=301069 MAPFRE Insurance has expanded its DriveAdvisor Program to the state of Oregon. DriveAdvisor is a voluntary program that provides an auto insurance discount for customers who elect to use telematics technology to monitor their driving behavior. The discount is available …

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DriveFactor, Admiral Group to Offer Usage-Based Insurance Throughout UK http://www.insurancejournal.com/news/international/2013/07/24/299554.htm Wed, 24 Jul 2013 16:53:43 +0000 http://www.insurancejournal.com/?p=299554 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. …

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Insight Specialty Programs Partners with GoAgents.com http://www.insurancejournal.com/news/national/2013/01/24/278515.htm Thu, 24 Jan 2013 11:00:58 +0000 http://www.insurancejournal.com/?p=278515 Insight Specialty Programs (ISP), a developer and marketer of insurance, non-insurance and telematics products and services, has formed a new partnership with GoAgents.com, a cloud-based distribution platform that provides agents with online tools to cross-sell insurance related products to their …

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Allstate’s Usage-Based Auto Insurance Expands to New York, New Jersey http://www.insurancejournal.com/news/east/2012/10/23/267659.htm Tue, 23 Oct 2012 16:23:07 +0000 http://www.insurancejournal.com/?p=267659 Allstate announced this month that it has expanded its usage-based auto insurance product, Drive Wise, to four additional states including New York and New Jersey. “Drive Wise rolled out in Colorado, Michigan, New Jersey and New York on October 8, …

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Towers Watson, Hughes Telematics Offer Auto Insurers Usage-Based Service http://www.insurancejournal.com/news/national/2012/08/28/260913.htm Tue, 28 Aug 2012 13:39:45 +0000 http://www.insurancejournal.com/?p=260913 Professional services firm Towers Watson is teaming with Hughes Telematics, Inc. (HTI), a Verizon company, to provide U.S. auto insurers with data services for usage-based insurance (UBI) programs. With the alliance, Towers Watson’s DriveAbility service offering will be powered by …

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Auto Insurance Driver Tracking Hits Privacy Wall in California http://www.insurancejournal.com/news/west/2012/08/17/259789.htm Fri, 17 Aug 2012 11:45:02 +0000 http://www.insurancejournal.com/?p=259789 California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …

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How Predictive Modeling Has Revolutionized Insurance http://www.insurancejournal.com/news/national/2012/06/18/251957.htm Mon, 18 Jun 2012 13:13:36 +0000 http://www.insurancejournal.com/?p=251957 The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design ever-more-sophisticated models that tap ever-more-detailed data sets to refine precisely how much each customer should be charged. Casualty actuaries …

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Future Vision: Will Driving Become Too Safe to Insure? http://www.insurancejournal.com/news/national/2012/05/08/246831.htm Tue, 08 May 2012 21:15:13 +0000 http://www.insurancejournal.com/?p=246831 What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm, Celent, in a new report that envisions …

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Travelers Expands Telematics Options for Business Fleets http://www.insurancejournal.com/news/national/2012/02/15/235538.htm Wed, 15 Feb 2012 17:11:17 +0000 http://www.insurancejournal.com/?p=235538 In an effort to further strengthen driver safety programs, Travelers has introduced IntelliDrive Fleet Safety Solutions to help business owners use telematics technology to reduce auto risks. Travelers is offering the product through its subsidiary Northland Insurance Co. The carrier …

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TomTom Sees Potential in Europe’s Auto Insurance Market; Motaquote Signs On http://www.insurancejournal.com/news/international/2012/02/08/234650.htm Wed, 08 Feb 2012 12:26:09 +0000 http://www.insurancejournal.com/?p=234650 TomTom satnavs will in future help insurers tell the difference between a good driver and a bad one under a scheme designed to revive the Dutch navigation device maker’s flagging fortunes. The company, which made its name as a maker …

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‘Like’ Facebook in Driver’s Seat? Mercedes Offers App Inside Cars http://www.insurancejournal.com/news/national/2012/01/09/230503.htm Tue, 10 Jan 2012 02:06:06 +0000 http://www.insurancejournal.com/?p=230503 At restaurants, at movies and at the office, checking Facebook has become a regular habit for many of the Internet social network’s more than 800 million users. Now that habit has reached a new frontier: the automobile. Mercedes-Benz USA is …

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Insurers May Open ‘Black Box’ Telematics to Escape Gender Ban http://www.insurancejournal.com/news/international/2011/12/21/228323.htm Wed, 21 Dec 2011 11:35:11 +0000 http://www.insurancejournal.com/?p=228323 Motor [auto] insurers seeking to get around a European ban on charging male drivers more than women are turning to innovative black box technology that could trigger an upheaval in the way car insurance is sold. Britain’s biggest motor insurer, …

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70 Million Drivers Missing Out on Car Insurance Savings: Insurer http://www.insurancejournal.com/news/national/2011/12/08/226648.htm Thu, 08 Dec 2011 14:10:15 +0000 http://www.insurancejournal.com/?p=226648 More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of the day. More and …

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