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"Commercial Auto"
Anil Lewis was behind the wheel of his Ford Mustang convertible on a sunny Atlanta day in 1988, when he nearly hit a pedestrian who appeared in a crosswalk ahead of him, seemingly out of nowhere.
It was then Lewis realized his deteriorating eyesight would soon end his days behind the wheel. Now 53 and legally blind, the prospect of fully autonomous vehicles gives him hope of returning to the road on his own. Continue reading
Fraudulent auto claims are on the rise and will continue to escalate. The perpetrators are just as dangerous as a thief with a gun. WHY? Because a vehicle is a weapon and could injure or kill the driver and passengers in the vehicle. Continue reading
Loss ratios and operating ratios for the U.S. private passenger nonstandard auto insurance market fell to their worst levels in a decade, according to a report from A.M. Best.
The results for the population of insurers studied in this report have been deteriorating for a decade, but more so in the past two years. Continue reading
Uber’s ride-hailing app is making it easier for its users to set up trips for seniors and others who may not know their way around a smartphone but still need help getting around town.
The new feature, released on Tuesday in an app update, is primarily designed for Uber users who want a simple way to arrange rides for parents, grandparents and other loved ones unable to drive themselves. Previously, Uber users ordering on behalf of another passenger had to call the driver to explain the situation. Continue reading
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 report, KPMG said the market would shrink by as much as 60 percent by 2040. Continue reading
As more bots handle claims and perform underwriting tasks, should human employees be concerned? Human industry experts say there’s no need to worry. Continue reading
Understanding insurance can be tricky especially when it comes to understanding the wording in your policy. A insurance policy is a contact between the policy holder and the insurance company providing the insured, insurance. A few common sections of a policy include a declaration page, definitions, insuring agreement, exclusions, conditions, exclusions, and riders. Continue reading
