The Next Generation of Wireless Technology
Posted on Feb 29, 2016 in Industry News, Technology Impacting Auto Insurance | Comments Off on The Next Generation of Wireless Technology
At the University of Surrey, researchers and tech companies like Samsung and Fujitsu are collaborating to work on the development of fifth-generation, or 5G, technology. With 5G, people could download whole movies to smartphones in fewer than five seconds—in contrast, with current technology the same download would take as much as eight minutes. The efforts of those working on 5G will...
Virginia OKs Photo Appraisals
Posted on Feb 26, 2016 in Industry News | Comments Off on Virginia OKs Photo Appraisals
The Virginia legislature has approved a bill permitting appraisers to conduct inspections of auto physical damage using photos, videos, or electronically transmitted digital imagery. Significantly, an in-person inspection of a vehicle is still required if there is a dispute relating to the repairs. The Pennsylvania Senate is currently considering a similar measure eliminating the...
Tesla Launches New Self-Parking Technology
Posted on Feb 25, 2016 in Technology Impacting Auto Insurance | Comments Off on Tesla Launches New Self-Parking Technology
Last month, Tesla released new software that the company claims is the next step toward developing fully autonomous driving capabilities. Uniquely, Tesla launched the new software “over-the-air.” Through an app, the software enables a driver to prompt the vehicle to open the garage door, enter the garage, park itself, and shut down. The “over the air” upgrade...
Regulation Needed to Keep Pace with Autonomous Vehicle Technology
Posted on Feb 23, 2016 in Technology Impacting Auto Insurance | Comments Off on Regulation Needed to Keep Pace with Autonomous Vehicle Technology
Automakers and technology companies will meet at the World Economic Forum this week to discuss the industry’s hot button issues, including the regulation of autonomous vehicles. The federal government had pledged its support to autonomous vehicle development, but has largely left the regulatory decisions to state and local governments. Currently, only a few states have passed...
Updated: MS Legislature Considering Labor Rate Restrictions
Posted on Feb 22, 2016 in Insurance Regulation | Comments Off on Updated: MS Legislature Considering Labor Rate Restrictions
The Mississippi State Senate is considering a bill that would prohibit auto repair shops from charging labor rates above the average national rates charged for like-kind work without the express approval of the Commissioner of Insurance. The bill, SB 2187, was introduced by Senator Videt Carmichael (R-Meridian) earlier this month, and has been referred to the Insurance Committee. ...
