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Embracing innovation can allow insurers to remain competitive in uncertain times.
Data can be leveraged in ways outside of directly lowering premiums to reward good drivers.
Staffing and supply shortages along with inflationary pressures are leading to longer rental periods.
An infraction for distracted driving can cause insurance rates to increase as much as 23%, according to The Zebra.
Volatile activity in auto claims severity and insurance shopping are among a host of factors signaling a sea change is underway, LexisNexis reports.
The car accelerates if, and only if, the driver told it to do so, and it slows or stops when the driver applies the brake, Tesla said.
A survey from Nationwide revealed customers desire a blend between personal interaction and technology when it comes to handling insurance claims.
APCIA reported the rule will continue to throw the state's insurance market into chaos and will raise rates for over a million consumers.
Recent developments in telematics, fair pricing, product bundling and more will move the auto-insurance industry forward.
Technological innovations are a longer-term disruptive threat, but rate increases will drive growth, S&P Global says.
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