Auto insurance

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.

Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

Advanced driver assistance systems (ADAS) decrease risky behaviors, such as distracted driving and speeding, reducing auto claims.

Digital Insurance is fielding its 2024 Predictions survey about technology and issues affecting insurance.

The least expensive three companies have an average cost for minimum coverage of $493 for drivers with a clean record.

The least expensive five states have an average cost for minimum coverage of $316 for drivers with a clean record.

The auto claims technology start-up has grown by a lot in the past two years, launching an IPO and diversifying into other auto insurance-related functions.

CCC has been working with an adviser to explore a potential sale and other possible buyers have been circling, said the people, who asked not to be identified because the details are private.

The least risky five states have an average liability insurance requirement of 31/62/50 (in thousands of dollars).

The top three infractions have an average insurance premium increase of 103% after the infringement.

Digital Insurance has named 15 honorees for this year's Women in Insurance Leadership award and five Women in Insurance Leadership: NEXT honorees, recognizing the next generation of leaders who will continue the industry's digital transformation. You can find those profiles, here.

Apple iPhone 15 and 14 users in the U.S. will have access to the service via a satellite.

In the six states where credit score matters the most, a driver with no credit pays on average 94% more for car insurance than a driver with exceptional credit.

Brown's approach to diversity in business allows firms to compete on equal footing with larger competitors, which increases collaboration and yields stronger business results.

In the five states where credit score matters the least, a driver with no credit pays on average just 11% more for car insurance than a driver with outstanding credit.

Boyd is president and CEO of Plymouth Rock Assurance Corporation where she is leading digital transformation.

Having recently increased its market, Roadzen is turning to a SPAC arrangement to fund further expansion plans.

Consumers continue to shop carriers for home and auto insurance in response to persistent rate increases.

The top five states have an average insurance premium increase for a DUI conviction of $1,366.80.

With rising auto premiums and increasing popularity of autonomous, connected, electric and shared vehicles, more insurers are offering telematics and usage-based insurance.