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Insurers are increasingly offering products and promoting behavior that address the growing risk of climate change.

California Insurance Commissioner Steve Poizner has announced regulations that will allow insurers to offer pay-as-you-drive insurance products in the state.

Remember way back in 2007 when companies were trying to find ways to sell insurance on Second Life?

Progressive Insurance Company has rolled out its version of the "Pay As You Drive" auto insurance program, which the company has named MyRate, in Texas--the 15th state in which the program is available.

The California Department of Insurance has received general support for its proposed pay-as-you-drive insurance, but there are questions about individual details of the new regulations.

The California Department of Insurance has received general support for its proposed pay-as-you-drive insurance, but there are questions about individual details of the new regulations.

Insurers could face new transparency obligations as well as technological and regulatory challenges as they explore different methods of rating pay-how-you-drive and even pay-where-you-drive auto coverage, an industry executive warned.

Many insurance experts are pinning their hopes on the green revolution.