February 19, 2019
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 …
November 20, 2018
Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by …
August 10, 2018
Join CCC Industry Analyst Susanna Gotsch and Jason Verlen, SVP Product Management on Wednesday, August 15th. Chicago, IL, August 10, 2018– CCC Information Services Inc. (CCC) announced today that executives from the company will be hosting a webinar discussion on …
July 17, 2018
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability policy in 1897. “This …
July 28, 2017
While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward …
June 29, 2017
Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 …
October 23, 2015
By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …
November 15, 2013
Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, which plugs into a vehicle and monitors habits …
August 15, 2012
Consulting firm KPMG and the Center for Automotive Research in Michigan released a report this month about how close the industry is to rolling out self-driving cars. They see the first such vehicles hitting showrooms in 2019, with a more …