Telematics

$1.2 billion purchase of 15% stake eases access to wealth of collected IoT data

State Farm will acquire 133.3 million shares of ADT's common stock at $9 per share, or 25% higher than Friday's closing price, according to a statement Tuesday.

The upgrade to 5G mobile technology has an overlooked side effect – sunsetting the older generation mobile connectivity, which can affect some insurance-related technologies.

The insurer introduced the tech to accelerate claims and simplify the customer experience.

Insurance companies experiment with ways to make the experience as painless and hassle-free as possible for consumers.

The usage-based auto insurance company is refining its product for its divergent markets.

Tech startups, trucking owner-operators and big insurance carriers alike are putting systems in place to protect cargo and cover special circumstances.

Program also offers sensors for property, telematics and heavy equipment.

With an increase in poor roadway habits following the COVID-19 pandemic, insurers are turning to telematic programs to monitor drivers.

Tesla has so far had no trouble growing its way through Musk’s many controversies.