Company-owned vehicles make it easier to conduct business, but offer great risk. Collisions can exact a heavy toll. Telematics and EDRs, however, can improve risk management, as well as allow claims to be assessed more accurately driving down costs for the business and insurer.
There's a large focus today on using event data recorder and onboard diagnostic port devices to gather driving-habit data to more accurately underwrite risk.
There is a host of new resources available to the engineers who investigate vehicular accidents to help P&C insurance adjusters resolve automotive claims.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
A recent Novarica study found that improvements in claim handling was the second-most frequently cited initiative amongst P&C carriers looking to create competitive advantage.
With a laptop and a specialized computer program, virtually anyone can download EDR data. As a result, car owners are concerned about what data is being collected and how it can be used by insurance companies.
Automotive crashes are inevitable, but when does a defective repair or product contribute to the loss? When causation has been determined, when and how should the responsible party be subrogated?