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By Laura Mazzuca Toops, PropertyCasualty360.com |
February 9, 2012
"Weblining" -- denying people opportunities based on their digital selves -- could resurrect the specter of redlining in the insurance industry.
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By Staff Writer |
January 17, 2012
Progressive Insurance has received a fourth patent for system technologies used with its optional Pay As You Drive insurance program, a usage-based form of car insurance. The patent relates to producing a driver safety score based on monitored driving data.
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By Phil Gusman, PropertyCasualty360.com |
January 13, 2012
The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricing—and could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.
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By Phil Gusman, PropertyCasualty360.com |
December 22, 2011
Personal-auto insurers that are at the forefront in offering usage-based insurance products will gain “a significant competitive advantage” in pricing and policy retention, while companies that don’t offer such products may face adverse selection in the future, according to Moody’s Investors Service.
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By Staff Writer |
December 2, 2011
The growing pressure on auto insurers to support improved driver safety and to bring claims inflation and prices under control will make technology increasingly central to competitiveness, according to global professional services company Towers Watson.
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By Reuters |
October 7, 2011
Progressive and Allstate have settled a patent dispute over technology that allows personal auto insurers to charge drivers based on how, where, and how much they drive.
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By Reuters |
October 3, 2011
Auto insurers Progressive Corp and Allstate Corp have settled a patent dispute over technology that lets insurance companies charge drivers based on how, where and how much they drive.
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By Robert Regis Hyle, PropertyCasualty360.com |
September 6, 2011
Personal auto insurance is already the most commoditized line of property/casualty insurance and is likely to become the most exact of the lines in terms of underwriting as insurers spread the movement known as usage-based insurance.
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September 1, 2011
Personal-lines insurers’ capital strength and core-underwriting earnings power should offset challenges posed by natural catastrophes; high-frequency, low-severity weather events; and the “very competitive nature of the market,” according to Moody’s Investors Service.
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By Phil Gusman, PropertyCasualty360.com |
August 30, 2011
Personal lines insurers’ capital strength and core underwriting earnings power should offset challenges posed by natural catastrophes; high-frequency, low-severity weather events; and the “very competitive nature of the market,” according to Moody’s Investors Service.
