telematics News

Allstate’s Usage-Based Auto Insurance Expands to New York, New Jersey

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, …

Towers Watson, Hughes Telematics Offer Auto Insurers Usage-Based Service

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 …

Auto Insurance Driver Tracking Hits Privacy Wall in California

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 …

How Predictive Modeling Has Revolutionized Insurance

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 …

Future Vision: Will Driving Become Too Safe to Insure?

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 …

Travelers Expands Telematics Options for Business Fleets

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 …

TomTom Sees Potential in Europe’s Auto Insurance Market; Motaquote Signs On

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 …

‘Like’ Facebook in Driver’s Seat? Mercedes Offers App Inside Cars

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 …

Insurers May Open ‘Black Box’ Telematics to Escape Gender Ban

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, …

70 Million Drivers Missing Out on Car Insurance Savings: Insurer

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 …