State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs

By | June 19, 2019

  • June 19, 2019 at 1:43 pm
    Bond says:
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    Hmmmmm….this can be used in a court of law if you are involved in an accident, right?

    • June 19, 2019 at 4:14 pm
      Rosenblatt says:
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      I believe it’s treated the same way as a vehicle’s black box — protected under the 4th Amendment as the recorded data is not exposed to the public. However, I am not an attorney, I did not sleep at a Holiday Inn Express last night, and you should not rely on my belief as legal advice (although I’ll be happy to collect attorney’s fees if you’d like :).

    • June 19, 2019 at 7:26 pm
      CO_yeti says:
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      Your phone and most likely your car is tracking this data no matter what. I haven’t heard of a situation yet where it has been used in a criminal auto case.

    • June 24, 2019 at 10:46 am
      Wayne2 says:
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      Copied and pasted right from an online attorney’s website. They absolutely can be admissible in court.
      Some of the determining methods used by auto accident experts include physical evidence, charts, computer simulations and a black box data recorder or event data recorder (EDR). Similarly, insurance company tracking devices record driving data and can be admissible in court

  • June 19, 2019 at 2:02 pm
    martin says:
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    If many of you agents are like me you cancel your clients existing insurance when you write them a new policy through your agency… State Farm and Geico do not know how to do that. They rely upon you to cancel their policy if they take a client from you. That’s like shooting yourself in the foot and continuing to work after your fired. State Farm and Geico do not use Accord forms and don’t know what they are.. Maybe that’s why they write a lot besides all their advertising? They want agents to cancel their new clients old insurance and don’t know what to do when you tell them to fill out their new clients Accord form so they can provide all the information that needs to be filled in.. I always cancel my new clients old policy for them.. Try this sometime and see the deer in the headlights from them. Maybe we can slow them down a little too.

    • June 19, 2019 at 3:17 pm
      wari says:
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      We’re IA, and we never cancel our new clients’ old policy for them. We always advise the insured to contact their existing agent/carrier to cancel. The most we’ll do is to prepare an Acord LPR for them, and that’s only if we have a copy of the existing/renewal policy decl.

      • June 19, 2019 at 4:26 pm
        martin says:
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        We suggest the same- but the problem we run into many times is the existing agent ignores the customers request. I should probably inform you that we are a large agency and we write numerous policies a day. My comment basically tried to inform the weakness of Geico and State Farm.

        • June 19, 2019 at 9:44 pm
          okt0ber says:
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          If the other agent “ignores” their request, it means they didn’t request it or didn’t return the signed cancel request form they were sent. And, you don’t need an acord form to cancel a previous policy.. You can type a letter in MS Word just as easily. Acord forms are a pain in the rear.

    • June 20, 2019 at 10:50 am
      Account Manager says:
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      Martin, I can assure you as a former employee that we are fully aware of what Acord forms are. In many instances they will use a variation of a 25 for really any insurance other than personal auto.
      Why would it be our responsibility to cancel an insured’s old policy? The few times we tried to contact old agents and help the insured, it ended up confusing the insured and causing an overall bad experience. The old agent would always trash us and say we were not doing right by them, etc. and would refuse to cancel the policy without written statement from insured, which the insured never wanted to do. In my opinion, it is up to the insured to cancel any duplicate coverage.

    • June 20, 2019 at 7:18 pm
      SacFlood says:
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      There are three types of distribution systems: Captive Agents (such as State Farm); toll-free numbers and websites (such as GEICO); and Independent Agents/Brokers (most everyone else who doesn’t fall into one of the two above categories). It is difficult when lumping them together; trying to compare State Farm v GEICO v Independents is like trying to compare apples v oranges v bananas. The third category, the Independents, uses ACORD forms more than the other two categories, as many captives have their own proprietary forms. (This is just a peripheral statement, an aside from the main subject of tracking vehicle mileage and usage).

  • June 19, 2019 at 9:43 pm
    okt0ber says:
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