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Goldman Sees Autonomous Vehicles Transforming Insurance World

Insurance Journal

The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “Autonomy has the potential …

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U.S. Lawmakers Reintroduce the PAID Act to End Discrimination in Auto Insurance Rates

Top Insurance Blogs

A new push to overhaul how auto insurance premiums are calculated in the United States is gaining momentum. This week, the Prohibit Auto Insurance Discrimination (PAID) Act was reintroduced in the U.S. The bill, championed by Representatives […] The post U.S.

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Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers

Insurance Journal

Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance absorbs the average $3,075 cost to hold each of …

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Pay-As-You-Go Car Insurance: The Smart Way to Drive and Save 

Agency Height

Discover how pay-as-you-go car insurance works, who it benefits, and why it's changing the auto insurance industry.

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North Carolina Auto Rates to Rise for Second Time This Year After Agreement

Insurance Journal

North Carolina automobile insurance rates are poised to increase statewide by a 5% average this fall as part of an agreement reached between state regulators and the insurance industry. The increase comes six months after lawmakers raised minimum auto liability …

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Innovative Insurance Agency Marketing Strategies

Tosten Marketing

A study by Accenture found that 80% of insurance customers want more personalized offers, policies, and recommendations from their auto insurers. Enhance Customer Service with AI and Chatbots Artificial Intelligence (AI) and chatbots revolutionize customer service in the insurance industry.

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Insurance Affordability, Availability Demand Collaboration, Innovation

Triple-I: Homeowners Insurance

Such data calls, Temple said, help regulators, legislators, and policyholders focus on improving the cost drivers of insurance rates. Significant tort legislation has been approved in the state, but resistance to reform remains a challenge.