AIG is seeking to lower accident rates of teen drivers by teaming with MobileTeenGPS to introduce a program designed to help parents supervise the younger motorists in the family.
According to AIG, the program calls for the installation of a global positioning system in vehicles that teens will be driving. The technology allows parents to monitor the location and driving behaviors of the teen's car via the web or cell phone, and it automatically sends parents an e-mail or text message if the car goes over pre-defined speed limits or goes out of allowed locations.
The program will be implemented in Arizona, Illinois, New Jersey, Pennsylvania, South Carolina, and Washington for an initial pilot run. AIG said that it will not track individual customer's daily driving behaviors, so it will not impact a customer's rate or renewal eligibility. Those who choose to participate will be offered the GPS technology at a substantial discount off the normal cost of the device and monthly service fees.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
