AXA XL’s insurance business has entered into a multiyear partnership and licensing agreement with Xtract to digitize, expedite and transform the commercial auto claims management process in the US. According to AXA XL Chief Claims Officer Brent Hoffman, “Xtract enables our claims team to quickly gather and evaluate all data that is available on an… Continue reading AXA XL and Xtract Partner to Digitize Commercial Auto claims
Tag: business auto insurance
Car Insurance Companies Offering Relief During the Quarantine
Reduction in Traffic COVID-19, commonly known as the coronavirus, has struck communities around the world with sickness, and in too many tragic cases, death. Almost every country in the world placed drastic measures on their residents in order to reduce the spread of the contagion. The longer lasting impact of this crisis is likely to… Continue reading Car Insurance Companies Offering Relief During the Quarantine
Selective Insurance Announces COVID-19-Related Premium Credit for Personal and Business Auto Policies
Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., today announced that customers with personal and business auto insurance policies will receive a 15% premium credit for April and May related to the various COVID-19 shelter-in-place orders. The program, which is subject to expected regulatory approval, is part of the… Continue reading Selective Insurance Announces COVID-19-Related Premium Credit for Personal and Business Auto Policies
Vehicle Deaths Estimated at 40,000 for Third Straight Year
For the first time since the Great Recession, the U.S. has experienced three straight years of at least 40,000 roadway deaths, according to preliminary estimates released February 13 by the National Safety Council. In 2018, an estimated 40,000 people lost their lives to car crashes – a 1% decline from 2017 (40,231 deaths) and 2016… Continue reading Vehicle Deaths Estimated at 40,000 for Third Straight Year