Markel Corporation announced Wednesday that Richard R. Whitt III, Co-Chief Executive Officer of Markel, p...
Tesla Insurance Turning 'Nightmare' Claims Experience Into 'Dream': Musk
Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Musk sai...
Article / 27 days ago
U.S. Issues New Safety Rule Governing Driverless Vehicles
U.S. Issues New Safety Rule Governing Driverless Vehicles
The Biden Administration has issued a final rule intended to ensure safety of occupants in automated vehicles. This rule updates the current...
Article / 2 months ago
Tesla, Other Car Makers Have Edge Over Incumbent Insurers: Moody's
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little...
Article / 2 months ago
Data Points: Attorney Impact on Commercial Auto Losses
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney...
Article / 4 months ago
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with...
Article / 4 months ago
Commercial Auto Among Lines With Flattening Rates: USI 2022 Forecast
Commercial Auto Among Lines With Flattening Rates: USI 2022 Forecast
Although it wasn’t the headline of a commercial insurance broker’s market pricing report last week, the report’s observation that “commercial auto liability coverage rate...
Article / 4 months ago
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Carg...
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Cargo
Networking equipment, tequila and footwear were high on the list of thieves intercepting cargo shipments during the 2020 holiday season, Verisk’s CargoNet...
Article / 5 months ago
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insu...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans...
Article / 6 months ago
U.S. Commercial Auto Stymied by Challenges at the Cusp of Profitability: AM Best
U.S. commercial auto insurers may be generating the best underwriting results for the sector in years, but the...
Article / 6 months ago
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict ...
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict Risky Driver Behaviors
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas...
Article / 6 months ago