Jonathan Oosting Detroit News Lansing Bureau Published 4:13 p.m. UTC Jun 6, 2018 A series of new billboards in Detroit aim to jump start stalled auto insurance reform talks in the Michigan Legislature by sarcastically thanking lawmakers for sky-high rates. “Thanks, Lansing!” declare the advertisements, which promote a “driver’s … [Read more...] about Thanks, Lansing: Billboards mock high auto insurance rates
New auto insurance companies
AI, blockchain, and just an overall rise in technologies across the planet are changing the way traditional industries are doing business. The wide world of auto insurance is no exception, with disruptive technology from insurtech propelling the industry forward. From apps that allow agents to quickly process applications on the go, to AI being used to navigate the vast amount … [Read more...] about How technology is changing the auto insurance landscape
Would tomorrow's self-driving cars be safer if they were controlled by insurance companies? Would they get to market sooner?That's one potential reality being proposed by Oxbotica, an autonomous-vehicle startup that is looking at how tomorrow's automated vehicles gather and share data. Spun off from the University of Oxford, Oxbotica's co-founder and Oxford professor, Paul … [Read more...] about Should insurance companies directly control self-driving cars?
DENVER--(BUSINESS WIRE)--Apr 24, 2018--Valen Analytics ®, an Insurity company, and provider of proprietary data, analytics and predictive modeling for P/C insurers, today announced that the Central Insurance Companies (Central) will utilize Valen’s InsureRight® Platform for workers’ compensation to more accurately understand the health of its book of … [Read more...] about Central Insurance Companies Bolsters Underwriting Analytics in Workers’ Compensation
The Consumer Financial Protection Bureau is considering fining Wells Fargo & Co. hundreds of millions of dollars for its mortgage-lending and auto-insurance abuses — following up on a threat by President Trump to take aggressive action against the bank.The agency is in talks with the San Francisco bank over penalties for the problems, Reuters reported Monday, citing … [Read more...] about Wells Fargo reportedly facing huge fine for mortgage lending and auto insurance problems