European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them. Tech firm Nokia and automaker …
Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) provider with offices in Silicon …
As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor insurance due to intense competition and …
Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the streets later this year. …
Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have some views.” Addressing an …
Remember driving to the nearest pay phone to return a page? That’s about as far away from today’s technology as was the horse drawn carriage from the days of pagers and buck-a-gallon gasoline. That much was clear during the Connected …
U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a survey. According Towers Watson, the results of its …
Self-driving cars being developed by Google Inc. and some automakers are getting a lift from U.S. auto-safety regulators eager to accelerate automation that they predict could prevent many crashes. Transportation Department regulators today released a policy intended to advance testing …
