Maine Passes Bill Mandating Shop Choice Disclosure for Insurers
Posted on Jun 15, 2017 in Uncategorized | Comments Off on Maine Passes Bill Mandating Shop Choice Disclosure for Insurers
Both houses of Maine’s legislature have passed a bill specifying language an insurer must use in recommending auto body shops. According to the bill, titled an Act to Protect Consumers’ Freedom of Choice in Auto Collision Repairs, an insurer must say the allowing if recommending a particular shop or network of shops to a customer: “You have the legal right to choose a motor vehicle...
Artificial Intelligence: Not Just for Driving
Posted on Jun 8, 2017 in Insurance Developments and Trends | Comments Off on Artificial Intelligence: Not Just for Driving
Could artificial intelligence be coming to an insurance company near you? Some insurers are beginning to explore the use of “chatbots” and other forms of AI to assist in the claims and underwriting process. In the auto claims context, a bot could be used to connect to the electronic devices in a connected car and transmit information directly to the insurer. It could also be used to...
New Regulations for Ride-Sharing in New York
Posted on Jun 8, 2017 in Industry News | Comments Off on New Regulations for Ride-Sharing in New York
New York’s Governor Cuomo has announced new regulations governing ride-sharing in the state. The regulations require that certain information be provided in the ride-sharing app to protect customers, including a photo of the driver, information about the vehicle, the vehicle’s license plate number, and the fare or estimated fare for the trip. To be licensed, ride-sharing companies must...
Updated Federal Guidelines for Autonomous Vehicles
Posted on Jun 5, 2017 in Industry News | Comments Off on Updated Federal Guidelines for Autonomous Vehicles
The Trump Administration will be revising federal guidelines governing self-driving vehicles in the coming months. Transportation Secretary Elaine Chao stated that the new rules were intended to support innovation, new entrants into the market, and safer vehicles; however, she did not specify what the new rules would provide. Some industry participants have expressed concerns about...
