auto insurance News

Alerts System for Tech-Connected Cars Planned for Ohio Turnpike

Officials are planning a new system of travel alert information for part of the Ohio Turnpike near Cleveland with an eye toward a day when autonomous vehicles might regularly cruise the roadway. The Turnpike Commission will use roadside sensors and …

Insurtech Mobile-Based Auto Insurer Root Expands into Utah

Root Insurance has expanded its services to drivers in Utah. Root, which is now operating in Illinois, Oklahoma, Indiana, Ohio and Arizona, asserts that drivers can save up to 52 percent by using Root’s data-driven approach, which bases rates primarily …

Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model

Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the financing. Clearcover will use the funding to scale up …

Saudi Decision to End Women’s Driving Ban Boosts Auto Insurers’ Shares

Saudi Arabia’s decision to end a driving ban for women is likely to save families billions of dollars, boost industries from car sales to insurance, and reassure investors that the kingdom’s push to diversify its economy beyond oil is on …

24 Indicted in Staged Crash Case in Vegas Involving $500K in Claims

Nevada’s top state prosecutor says 24 people have been indicted in a scheme alleging they staged car crashes and filed about $500,000 worth of fraudulent insurance claims in Las Vegas. Attorney General Adam Laxalt said the 68-count indictment filed last …

PEMCO Insurance Launching Rideshare Driver Endorsement in Oregon

Seattle-based PEMCO Insurance announced it is introducing its auto policy endorsement for rideshare drivers in Oregon on Sept. 1. The company said the endorsement enhances personal auto policies for rideshare drivers, providing them additional coverage and lower deductibles. The product …

Colorado Police Officer Arrested for Alleged Fraudulent Insurance Claims

A Colorado police officer indicted by a state grand jury was arrested on multiple felony counts for allegedly lying about his home and car being burglarized and collecting nearly $60,000 in fraudulent insurance claims. The Aspen Daily News reported Silt …

Louisiana Installing Barriers to Help Stem Fatal Highway Crashes

To help prevent fatal crashes more than 600 miles of cable barriers will be installed in highway medians across Louisiana through state and federal funding totaling more than $100 million. KTBS-TV reports crews will begin installing the barriers for 41 …

9 People Sentenced in $500K California Auto Insurance Fraud Ring

Michael Charles Young, 30, of Sacramento, Calif., the reported leader of a large auto insurance fraud ring, was sentenced to more than 10 years in state prison for bilking insurance companies out of an estimated $500,000 by filing fraudulent insurance …

General Motors’ Maven Gig Has Expanded to Los Angeles

Maven Gig has expanded to Los Angeles. The General Motors Co. service lets drivers rent cars by the week and use them for ridesharing and other services. Maven Gig began this spring in San Diego and San Francisco. It launched …