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The Herculean Task Required To Reduce Liability Claims Involving Autonomous Vehicles

The Herculean Task Required To Reduce Liability Claims Involving Autonomous Vehicles

Autonomous vehicles need their own space to operate, a report says, and auto executives agree that putting them on the same roads as human-driven cars in a mixed-use environment will only increase liability claims.
July 31, 2020 Auto Liability Technology

CAT Modeler Projects Hurricane Hanna Insured Losses Near $350M

CAT Modeler Projects Hurricane Hanna Insured Losses Near $350M

Karen Clark & Company (KCC) has estimated that insurance industry losses from Hurricane Hanna, the first hurricane of the 2020 North Atlantic hurricane season, will near $350 million.
July 30, 2020 Auto Catastrophe Property Texas

Is Lemonade Or Tesla The Biggest Insurance Disruptor?

Is Lemonade Or Tesla The Biggest Insurance Disruptor?

I’ve never been a big fan of the term disruption. I believe that in the InsurTech world, a majority of the startups are partnering with incumbents to enable industry transformation. They are catalysts for change, to be sure.
July 30, 2020 Auto

Three Auto Claim Examples That Prove Telematics Is A Must

Three Auto Claim Examples That Prove Telematics Is A Must

If you’re not convinced about the value of telematics in the auto insurance space, you might be swayed after reading what Phil Ost, head of personal lines at Zurich Insurance Company, had to say during a virtual fireside chat at Connected Claims USA 2020.
July 28, 2020 Auto Technology

Utah Home And Vehicles Burn, $700K Estimated Damage

Utah Home And Vehicles Burn, $700K Estimated Damage

Several people were displaced following a fire that blazed through a home and engulfed four vehicles early Saturday morning.
July 27, 2020 Auto Property Utah

Elon Musk Creating Insurance Company For Tesla Drivers, With Premiums Based On Telematics

Elon Musk Creating Insurance Company For Tesla Drivers, With Premiums Based On Telematics

Despite a rocky rollout from its first attempt, Tesla is eyeing a full-fledged insurance product using data collected from its vehicles to offer cheaper premiums than traditional insurers.
July 24, 2020 Auto Technology

Alcohol Detection Systems Could Prevent More Than A Fourth Of U.S. Road Fatalities

Alcohol Detection Systems Could Prevent More Than A Fourth Of U.S. Road Fatalities

Alcohol-detection systems that stop people from drinking and driving could prevent more than a quarter of U.S. road fatalities and save upwards of 9,000 lives a year, a new study from the Insurance Institute for Highway Safety shows.
July 24, 2020 Auto Liability Technology

Well-Known Claims Adjusting Companies Merge

Well-Known Claims Adjusting Companies Merge

Eberl Claims Service and US Adjusting Services have announced that they have combined their business operations. Eberl will acquire certain assets and the business of US Adjusting Services, and both businesses will operate together.
July 23, 2020 Auto Catastrophe Liability Property

COVID-19 Quickens The Pace Of Digital Transformation

COVID-19 Quickens The Pace Of Digital Transformation

This year, we have witnessed explosive growth in technology adoption. Zoom video conferencing has risen 574%, Instacart grocery delivery has jumped 450% and Google Classroom usage has increased 580%—all due to COVID-19. The pandemic has truly altered how we think about and use technology.
July 17, 2020 Auto Technology

Expect Automobile Insurance Fraud Schemes During The Pandemic

Expect Automobile Insurance Fraud Schemes During The Pandemic

Some consumers who owe money on vehicle loans during the COVID-19 pandemic may be tempted to make false auto theft claims, an independent adjuster warns.
July 15, 2020 Auto Fraud

Young Man Charged In $200,000 Luxury Car, U-Haul Insurance Fraud Scheme

Young Man Charged In $200,000 Luxury Car, U-Haul Insurance Fraud Scheme

A statewide grand jury has indicted a Holbrook man after prosecutors said he was involved in a scheme of buying luxury cars with fraudulent financing in order to purposely damage them, collecting more than $200,000 of insurance proceeds in the process.
July 14, 2020 Auto Fraud Massachusetts

Roads, Homes Flood Throughout Hoboken As Tropical Storm Fay Drenches NJ

Roads, Homes Flood Throughout Hoboken As Tropical Storm Fay Drenches NJ

Tropical Storm Fay formed quickly off the coast of the Carolinas Thursday, but after rolling through New Jersey all day Friday the impacts of the storm will not be soon forgotten.
July 13, 2020 Auto Property New Jersey

Violent Storms Create Hail, Flash Flooding In Philadelphia Area

Violent Storms Create Hail, Flash Flooding In Philadelphia Area

The first hint of the trouble to come popped up on radar at noon Monday — an unexceptional patch of light rain over an area from Clifton Heights to Glenolden, Delaware County.
July 8, 2020 Auto Property Pennsylvania

CCC Says Photo Estimating Booms; LexisNexis Calls 2020 Virtual Claims Tipping Point

CCC Says Photo Estimating Booms; LexisNexis Calls 2020 Virtual Claims Tipping Point

CCC last month reported the COVID-19 response has produced a record expansion rate “exceeding double-digit growth” for photo estimates and “AI-supported claims” since Jan. 1. Insurers recently produced their 3 millionth photo estimate since 2018, according to CCC.
June 30, 2020 Auto Technology

Fatal Crashes Up: Lockdowns Put the Brakes On Traffic, But Not Speeders

Fatal Crashes Up: Lockdowns Put the Brakes On Traffic, But Not Speeders

Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.
June 26, 2020 Auto Liability
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