Senate Commerce Committee Holds Hearing on Auto Innovation
Posted on Jan 25, 2018 in Industry News, Technology Impacting Auto Insurance | Comments Off on Senate Commerce Committee Holds Hearing on Auto Innovation
This week, the Senate Committee on Commerce, Science and Transportation held a field hearing on “Driving Automotive Innovation and Federal Policies.” Chairman John Thune gave the opening statement, stating that automated vehicles and new business models, driven by technological advancements, are “poised to enable substantial growth.” Chairman Thune pointed to...
D.C. Department of Insurance to Hold Public Hearing on Insurance Premiums
Posted on Jan 24, 2018 in Insurance Developments and Trends, Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on D.C. Department of Insurance to Hold Public Hearing on Insurance Premiums
On January 30, 2018, the D.C. Department of Insurance, Securities, and Banking is expected to hold a public hearing to cover a variety of issues impacting private auto insurance, including topics like price optimization and the use of credit scores in underwriting. More broadly, the hearing is intended to examine the causes of recent increases in auto insurance premium rates in D.C.,...
Your Self-Driving Pizza Is on the Way
Posted on Jan 11, 2018 in Uncategorized | Comments Off on Your Self-Driving Pizza Is on the Way
Pizza Hut and Toyota have announced a partnership to develop fully autonomous delivery vehicles. The self-driving concept vehicle shown at the Consumer Electronics Show could support pizza delivery or even pizza making, potentially serving as a “mobile kitchen.” Pizza Hut has suggested that driverless vehicles could also open a door to job opportunities for people who do not own...
Some Predictions for Auto Insurance in 2018
Posted on Jan 8, 2018 in Technology Impacting Auto Insurance | Comments Off on Some Predictions for Auto Insurance in 2018
The CEO of telematics company TrueMotion recently predicted that 2018 would see some changes in the auto insurance industry. He predicts that customer experience will become paramount for insurance companies, likely meaning a change in claims, among other things. Carriers will increase their use of usage-based insurance and mobile telematics. And “consumers, regulators, and insurers”...
NHTSA Says Canadian Cars Meeting Canadian Safety Standards Can Be Imported to the US
Posted on Jan 5, 2018 in Industry News | Comments Off on NHTSA Says Canadian Cars Meeting Canadian Safety Standards Can Be Imported to the US
The NHTSA recently issued a notice of a final decision to allow Canadian-made vehicles that comply with Canadian standards—but which do not comply with US safety standards—can be imported into the US. The decision applies to a variety of Canadian vehicles manufactured on or after September 1, 2017, and extends through September 1, 2022. The specific manufacturers or models have not yet...
