Your car could be recording how you drive, including your speed or any hard braking, and then transmitting that data to an information clearing house.
Tag: auto insurers
California Insurance Commissioner Tells Auto Insurers to Disclose Pandemic Profits
California’s insurance commissioner ordered nearly 50 auto insurers on Thursday to provide detailed information about their claim costs during the pandemic, his latest attempt to compensate consumers he claims were overcharged when the nation’s largest insurance market imposed the first U.S. coronavirus stay-at-home order. California’s major insurers have 30 days to respond, according to Commissioner… Continue reading California Insurance Commissioner Tells Auto Insurers to Disclose Pandemic Profits
U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years
According to an S&P Global Market Intelligence analysis, direct premiums written for the liability business line by U.S. commercial auto insurers in the first quarter were significantly higher than in the same period in 2018. Year over year, liability direct premiums written in the first quarter increased to $12.37 billion from $10.39 billion. Direct premiums… Continue reading U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years
State-by-State Analysis Shows Auto Insurers Benefited Financially from Fewer Claims, Customer Discounts Fell Short
While COVID-19 is causing financial difficulties for tens of millions of Americans, auto insurers nationwide have made tens of billions of dollars in profit because consumers have driven significantly less during the pandemic. Most Americans have been largely staying home to protect themselves and others from the coronavirus, meaning fewer wrecks and fewer claims and… Continue reading State-by-State Analysis Shows Auto Insurers Benefited Financially from Fewer Claims, Customer Discounts Fell Short