Why Insurers Should Take Texting More Seriously

There is no dismissing the power of the mobile channel as it applies to insurers’ ability to obtain and service business. TextRequest.com statistics from 2015 hold that 84% of Americans report that they can’t go a single day without checking their smartphone, and admit checking it 150 times per day, including first thing in the morning.
July 26, 2016 Risk Management Technology

Follow The Trail: Financial Data Is A Goldmine For Claims Investigators

The certainty of death and taxes is equaled only perhaps by the use of banking and financial records for insurance investigations. How we view those records is changing in this new millennium.
July 26, 2016 Fraud Technology

Highway Cameras Catch 4 Stolen Cars In 1st Week Of Recording

More than a dozen cameras set up along Highway 4 in the East Bay to monitor crime are already paying off for police in the first week.
July 25, 2016 Auto Technology California

External Cyberattacks Cost U.S. Businesses $3.5M Annually

External cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect.
July 19, 2016 Liability Risk Management Technology

Kia Sorento Earns Top Safety Pick+ Award

The Kia Sorento, a midsize SUV, joins the ranks of Top Safety Pick+ winners, thanks to a new automatic braking system that earns a superior rating from the Insurance Institute for Highway Safety.
July 18, 2016 Auto Technology

How Insurance Companies Work With Insurtech Partners

Insurers have become very active in insurance accelerators and startup investment over the past year, but must embrace failure in order to innovate, according to insurance tech analyst firm Novarica.
July 12, 2016 Risk Management Technology

U.S. Probes Second Suspected Tesla Autopilot Crash

US highway safety officials said Wednesday that they are investigating a second crash of a Tesla car that may have been operating on the vehicle’s pioneering self-drive Autopilot technology.
July 8, 2016 Auto Technology Pennsylvania

Thieves Go High-Tech to Steal Cars

Police and car insurers say thieves are using laptop computers to hack into late-model cars’ electronic ignitions to steal the vehicles, raising alarms about the auto industry’s greater use of computer controls.
July 6, 2016 Auto Technology

Fatal Tesla Crash Raises Concerns About Autonomous Vehicle Regulation

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely.
July 5, 2016 Auto Legislation & Regulation Technology Florida

Three-Quarters Of U.S. Drivers Say They’d Cede Wheel To Robot

Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that contradicts other recent studies.
July 1, 2016 Auto Liability Technology

Malware An Increasingly Efficient, Effective Way To Perpetrate Data Breaches

Everything is going automatic — and those looking to perpetrate data breaches with malware are no different — emphasizing the need for individuals and organizations to be better prepared to keep the cyber door closed to potential threats.
June 29, 2016 Risk Management Technology

New FAA Rules A Boon To Commercial Drone Usage

The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial photography.
June 22, 2016 Legislation & Regulation Risk Management Technology

Telematics Policies In North America Projected To Reach 42M+ In 2020

The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to a new report from analyst firm Berg Insight.
June 21, 2016 Auto Technology

Kaspersky Exposes Cybercriminal Marketplace Selling 70K+ Hacked Servers

Cybersecurity company Kaspersky Lab has reported that its researchers have uncovered a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6 each.
June 20, 2016 Liability Technology

Nissan Recalling 60K Infiniti Q50 Sedans With Steering Issue

Nissan’s (7201.T) Infiniti luxury brand will recall roughly 60,000 vehicles globally, a spokesman for the brand said on Thursday, as the steering system key to the Q50 sedan’s autonomous driving capabilities could malfunction.
June 17, 2016 Auto Subrogation Technology
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