DriveFactor, previously known as Crimson Informatics, is offering new auto insurance programs that enable insurers to effectively rate driver performance based on safety and driving habits through mobile technology and informatics. As auto insurers expand new usage-based insurance (UBI) and …
It’s possible that driving with a cell phone may be an advantage. A California legislator’s bill to enable auto insurance policyholders to issue proof of coverage verification via a mobile electronic device, such as a smartphone, is among several similar …
Don’t be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a driver’s license and …
A California legislator has introduced a bill to require auto insurers to issue proof of coverage verification to the mobile electronic devices of insured if they request it. Assembly Bill 1708, authored by Assemblyman Mike Gatto, D-Silver Lake, would enable …
Anchorage police enforcing traffic laws in the past year issued nearly 150 citations to drivers exceeding 100 mph. KTVA-TV reports officers issued 148 citation for drivers who cracked the 100 mph limit. The high mark was a motorcyclist drive 150 …
Nearly one out of every five no-fault auto insurance claims closed in the New York City area in 2010 appears to have elements of fraud, according to a new study from the Insurance Research Council (IRC). And as many as …
Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide. Allstate, the largest publicly traded U.S. home …
Paula Reid was cruising at the speed limit on U.S. 460 in Virginia, near Montvale, her big BMW sedan slicing through the dark highway’s miles. Then, thwack. “Out of nowhere she hit me,” Reid, 49, of Roanoke said of the …
Most insurers are letting consumer technology like smartphones and social media networks get ahead of them, creating a challenge to attract a new generation of customers who are not interested in doing business with agents the way their parents did. …
Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP’s efforts to collect billions of dollars from its business partners. …
