Britain’s Young Drivers Should Face Stricter Rules, Says CEO of AA Breakdown Service
Insurance Journal
by Admin
3M ago
Young British drivers who have just passed their test should be banned from carrying passengers of a similar age and should display special plates, according to the chief executive officer of the AA car breakdown service. The measures, proposed by ..read more
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Toyota Offering Auto Insurance With Farmers’ Toggle in 5 States With More to Come
Insurance Journal
by
3M ago
Automaker Toyota’s insurance arm has begun selling its first branded insurance coverage, Toyota Auto Insurance, in Arizona, Illinois, Indiana, Ohio and South Carolina, and will soon be offering the coverage in Georgia, Missouri, Tennessee and Texas. The insurance agency said ..read more
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UK’s Q2 Auto Insurance Premiums Drop to Lowest Level Since Early 2016: Survey
Insurance Journal
by
3M ago
The cost of a comprehensive car insurance policy in Britain fell 12% in the second quarter to its lowest level since early 2016 due to COVID-19 lockdowns, although it might rebound to pre-pandemic levels as restrictions ease, a survey showed ..read more
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Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
Insurance Journal
by L.S. Howard
3M ago
Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement ..read more
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Hands-Free Phone Use While Driving Bill Passes Minnesota House
Insurance Journal
by Stephanie K. Jones
3M ago
Minnesota motorists would be required to use hands-free devices when talking on the phone while driving under a bill that passed the state House on Monday night, after sponsors said the measure will cut down on distracted driving and save ..read more
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UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products
Insurance Journal
by L.S. Howard
3M ago
Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have. The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based on the predictability of people’s shopping, a step beyond ..read more
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UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims
Insurance Journal
by
3M ago
UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas said the technology is now ..read more
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UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com
Insurance Journal
by
3M ago
U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period last year ..read more
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AIG Seeks Best Drivers in Singapore with New Smartphone App
Insurance Journal
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3M ago
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the Go” scores drivers’ performance every time they get behind the ..read more
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UK Motor Insurance Premiums Reach Record Levels in Q4 2016: ABI
Insurance Journal
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3M ago
UK motor insurance premiums hit their highest recorded levels in the fourth quarter of 2016 and rose more than five times the rate of inflation in 2016, as tax increases, increased repair costs and the rising costs of whiplash-style injury ..read more
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