Self-Driving Car News Roundup: Insurance Rates, Declining Claims & More
So, what's happening with autonomous vehicles lately? Buckle up, because it's time for another news roundup.
Questions remain about individual insurance premiums.
According to a report by the Casualty Actuarial Society's Automated Vehicles Task Force (CAS AVTF), it's high time to…
How Four New Internet Developments May Impact the Insurance Industry
Instant comparison shopping. 24/7 service. Quotes in minutes. Just think, where would you be tomorrow if the Internet disappeared today? The truth of that point is so telling, it's a bit of a bore to remark on how thoroughly the Internet has changed the face of business. Yet, in…
Cyber War: Insurers Are Under Attack
Insurers collect a great deal of consumer data making them a prime target for cyberattacks. In fact, a report by Accenture found that insurers are hit with an average of 113 cyberattacks each year. One out of every three of those attacks results in a successful breach. With those…
Three Ways to Pay Less for Payment Processing
So, you work in home or auto insurance. And you want to make your books more profitable. It’s time for a look at payment processing: let's talk about your options for achieving a better expense ratio.
Option one: Pay less for processing
Card processing fees can really add up.…
Commercial Auto Insurance Trends: The Stats on Rising Rates & Emerging Risks
According to Risk & Insurance, on-the-road risks "are becoming more challenging to manage," especially for auto fleets. Let's take a closer look at what's brewing for rates and risks in commercial auto insurance.
- Medical costs have been charting an upward path for…
The Property Insurance Protection Gap: Reasons and Response
Population is on the rise. So are property values and severe catastrophes. As a result? The insurance protection gap is growing too. Here are the details …
Can Robots be Held Liable?
Question: when a robot hurts someone, who answers for it? Surely not the robot itself. While it's entertaining to imagine a bot getting cross-examined in court, the disincentives of the justice system probably wouldn’t motivate a bad bot to do good.
Jokes aside, the question of…
Using Drones for Accident-Scene Investigations
When cars crash, they get in the way of everyone else on the road. A long line of automobiles trails out behind the scene, its drivers waiting patiently for the flow to resume. Cleanup is, of course, what they're waiting on. Traffic can't pick up again until the way is clear. But…
Innovation Roundup: Beyond Planes, Trains and Automobiles
Anything but boring: Electric underground shuttles in LA
Elon Musk has an infrastructure firm called the Boring Company – and it's about to bore some tunnels under Los Angeles. In the works is a mass transit system which would propel electric shuttles from LA to LAX in eight…
Are Home-Based IoT Cyber Exposures Part of Your Insurance Strategy?
There’s a new and broadening entry point for cyberattacks, and its name is IoT. Connected devices bring a plethora of exposures that will need to be insured one way or another – the question is, how? And it’s a question that demands an answer.
When a Minecraft botnet took…
Which Device Will Become the Next Smartphone?
According to BI Intelligence research analyst Laurie Beaver, the smartphone is unique among devices ... for now. But it may not stay that way. Based on the research that Beaver presented in his recent slide deck, “The Next Smartphone,” let's take a look at what the future might…
Five Insurance Industry Developments
Do you recall when insurance was slow to change? Those days are gone. Here are five industry developments to watch.
1. Amazon poised to disrupt financial services
Bain & Co. found that more than half of U.S. respondents "are willing to buy financial services from established tech…