Latest Automation Optimization Headlines
All the headlines from our Automation Optimization Topic Page, ordered by recency.
Missouri Insurance Director: Price Optimization Violates Missouri Law
Jan 13 2016 // The Missouri Department of Insurance has issued a bulletin to Missouri insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state. “Price...
Insurance Journal’s Most Popular East Region Stories of 2015
Dec 31 2015 // As the year 2015 comes to a close, here’s a look at InsuranceJournal.com’s most popular East region news stories of the year. Among the 1,100 stories posted in the East region this year, the following were 50...
Connecticut Warns Carriers Not to Use Price Optimization
Dec 21 2015 // Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance pricing. Connecticut Insurance Commissioner Katharine L. Wade announced that...
Minnesota Bars Use of Price Optimization in Insurance Rates
Dec 7 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer...
Connecticut Bans Use of Price Optimization in Insurance Rates
Dec 4 2015 // Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance pricing. Connecticut Insurance Commissioner Katharine L. Wade announced that...
Colorado Commissioner’s Ban on Price Optimization Hailed by Consumer Groups
Nov 24 2015 // An official bulletin issued by Colorado Insurance Commissioner Marguerite Salazar to insurance companies that prohibits insurance companies banning price optimization techniques in rating customers, is being praised by a...
Minnesota Bars Use of Price Optimization in Insurance Rates
Nov 17 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer...
The Price of Price Optimization in Insurance
Nov 17 2015 // The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are labeling the practice...
Allianz Forms ‘Digital Transformation’ Unit; Various Senior Execs Appointed
Nov 16 2015 // To foster the digitalization of Allianz Group, a new unit called “Digital Transformation” will be established at Allianz SE, the company announced. Solmaz Altın (41), currently CEO of Allianz Turkey, will be...
States Probing Insurers’ Use of Price Optimization in Rating
Oct 19 2015 // When Fred and Donna Wolden’s biannual car insurance premium went up by $90 last month, they wanted to know why. The Wisconsin retirees hadn’t had an accident or bought a new vehicle. In fact, they say not much...
Delaware Bans Price Optimization in Insurance Pricing
Oct 19 2015 // Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing. The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no...
Delaware Bans Use of Price Optimization in Insurance Pricing
Oct 6 2015 // Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing. The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no...
Rhode Island Addresses Price Optimization
Oct 5 2015 // Rhode Island’s Insurance Division issued a bulletin on Sept. 18 for personal lines property/casualty insurers in the state that effectively prohibits the use of non-risk related features of price optimization. Rhode...
Zurich Joins CityMobil2 to Test Automated Self-driving Buses in Europe
Sep 25 2015 // Zurich Insurance Group announced that it has been selected as the insurance associate to CityMobil2, an EU-funded research project that is staging tests of automated road transport systems with self-driving buses across...
Rhode Island Directs Insurers Using Price Optimization to Submit Revised Filings
Sep 23 2015 // Rhode Island’s Insurance Division issued a bulletin on Sept. 18 advising that any personal lines property/casualty insurer that uses price optimization to rate policies in Rhode Island should submit revised filings...
Technology May Outpace Humans on Road to Automated Driving
Sep 14 2015 // From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come. More than...
District of Columbia, Maine, Pennsylvania Nix Price Optimization
Sep 7 2015 // The District of Columbia, Maine and Pennsylvania have recently joined a growing number of states and jurisdictions that issued directives prohibiting the use of price optimization. In Washington, D.C., the Department of...
District of Columbia Issues Price Optimization Ban Bulletin
Aug 28 2015 // The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is...
Maine Issues Bulletin Prohibiting Use of Price Optimization
Aug 26 2015 // Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization
Aug 24 2015 // Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using the price optimization techniques in property/casualty insurance...
