More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025 due to material price increases and a moderation of claims severity trends “vastly” improving the segment’s profit footing, …
Britain’s financial watchdog said on Friday several insurers have agreed to suspend sales of policies that cover the depreciation of cars after it said it was worried the deals did not offer value for money. The suspension relates to so-called …
Even though it means the commencement of hurricane season, weather-beleaguered Texans are likely pleased that May 2015 has come and gone. Texas was pelted during the month of May with all kinds of violent and deadly weather, including hail storms, …
GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 …
Driveway Software and Pinnacle Actuarial Resources have teamed up to offer the auto insurance industry a coordinated usage-based insurance (UBI) approach that includes driver behavior scoring. Auto insurers can now leverage Driveway’s technology backed by Pinnacle’s rating, actuarial and regulatory …
Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific factors in the risk model and a non-GPS …
ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides liability, medical payments, uninsured motorists, and physical …
The Hartford has extended its agreement with AARP to offer home and auto insurance products to its members. With the three-year extension, The Hartford’s relationship with AARP now runs through January 1, 2023. This is the fourth extension since the …
San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone usage-based insurance (UBI) application, and cloud based analytics and portals. Driveway’s SmartUBI …
Sprint is expanding its user-based insurance platform — Integrated Insurance Solutions — with two new products that the company believes is the next step for UBI 2.0. Working with Modus, Sprint launched a text disablement product that is hard wired …
