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Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology

Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology

By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023 Auto Fraud Insurance Industry Technology

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023 Auto Insurance Industry Risk Management Technology

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

CLM’s Transportation Community experts discuss virtual mediations and assessing the strength of the plaintiff’s attorney.
October 31, 2023 Auto Education & Training Insurance Industry Liability Litigation Illinois Massachusetts Pennsylvania

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

The only thing scarier than zombies and witches loose on the streets on Halloween is an impaired driver, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration.
October 30, 2023 Auto Legislation & Regulation Liability Risk Management

Insurance Claims Spookily Spike as Halloween Nears, Says APCIA

Insurance Claims Spookily Spike as Halloween Nears, Says APCIA

Halloween might be the scariest time of the year in more ways than one. Home and auto insurance claims tend to go up the closer we get to Oct. 31, according to the American Property Casualty Insurance Association.
October 30, 2023 Auto Liability Property

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

According to the company’s latest data, there were approximately 14,500 claims related to catalytic converter thefts during this period, marking a significant drop from the 23,570 claims made in the same period last year.
October 27, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age

Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age

Americans are turning to digital channels for some home and auto insurance needs, but other areas have proven more complicated.
October 27, 2023 Auto Insurance Industry Liability Property Technology

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022.
October 26, 2023 Auto Insurance Industry Technology

Commercial Auto Telematics Hitting a ’Tipping Point’

Commercial Auto Telematics Hitting a ’Tipping Point’

Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023 Auto Risk Management Technology

Michigan Legislature Amends No-Fault Auto Insurance, Addressing 2019 Overhaul Issues

Michigan Legislature Amends No-Fault Auto Insurance, Addressing 2019 Overhaul Issues

Michigan’s Legislature moves to rectify the 2019 no-fault auto insurance overhaul’s unintended consequences, aiming to balance medical providers’ reimbursement rates and insurance cost for drivers.
October 25, 2023 Auto Legislation & Regulation Michigan

Disparity in State Laws on Distracted Driving Reveals Gaps in Road Safety Measures

Disparity in State Laws on Distracted Driving Reveals Gaps in Road Safety Measures

The study by WhistleOut sheds light on the inconsistent distracted driving laws across the US, underscoring a call for more uniform regulations to enhance road safety.
October 23, 2023 Auto Legislation & Regulation Missouri Montana

West Virginia Leads in Animal-Related Insurance Claims, AAA Reports

West Virginia Leads in Animal-Related Insurance Claims, AAA Reports

The surge in claims corresponds with the fall, the mating season for deer, heightening the chance of vehicular collisions.
October 13, 2023 Auto Education & Training Insurance Industry West Virginia

Judge Rules Plaintiff’s Proximity to Insured Vehicle Excludes Him From Coverage

Judge Rules Plaintiff’s Proximity to Insured Vehicle Excludes Him From Coverage

An insurance company isn’t required to cover a man who was severely injured after he was struck by a vehicle in the process of helping an unconscious motorist.
October 13, 2023 Auto Insurance Industry Litigation West Virginia

Wisconsin Car Insurance Rates Rose 38.9% in 2023. What Happened?

Wisconsin Car Insurance Rates Rose 38.9% in 2023. What Happened?

Auto insurance rates have gone up across most of the U.S., with the national average premium increasing by 16% from 2022 to 2023. However, Wisconsin drivers saw one of the biggest increases of any state in the country.
October 11, 2023 Auto Insurance Industry Wisconsin

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Often, when a commercial motor vehicle driver reports an accident, the details of the collision are murky, and the severity of the accident is understated.
October 10, 2023 Auto Education & Training Technology
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