DriveCam Video Systems, a creator of vehicle safety systems, announced May 28 that the London American GeneralAgency has initiated a ten percent premium discount with Scottsdale InsuranceCompany for taxi fleets that use the DriveCam Driving Feedback System.The insurance discount program is offered through the Radio DispatchedPublic Livery Association, a federal risk purchasing group for independentfleets. Using video technology to improve driving habits, DriveCam'sDriving Feedback System has been proven to reduce the frequency and severityof collisions, according to the company."Fleets using DriveCam benefit by having a reliable method to controllosses from collisions, which lowers the cost of insuring them," saidEd Maucere, president of London American. "DriveCam also counters insurancefraud, for which livery services such as taxis and limousines are frequentlya target. These cost savings prompted us to provide a discounted premiumto taxi fleets using DriveCam."According to the company, DriveCam uses video technology to record what drivers see andhear during unusual driving incidents. This allows fleet managers to counseldrivers on actual driving experiences. It also provides information criticalto determining fault in an accident claim and speeds claim processing. The company claims thousands of commercial vehicles, including utility fleets, passengertransportation, and service/delivery vans, are currently using DriveCam'sDriving Feedback System and have experienced reductions in the frequencyand severity of collisions of 30 percent to 50 percent. "DriveCam has worked closely with insurance carriers to document the effectsof its products on reducing losses and lowering insurance costs," saidEd Andrew, president of DriveCam. "Because of these efforts, fleets usingDriveCam can now demonstrate to their insurance carrier that they aretaking steps to control their losses. By improving driving performance,DriveCam also reduces fleet operation and maintenance costs."The complete Driving Feedback System includes the DriveCam video eventdata recorder, HindSight 20/20 software for tracking and evaluating drivingevents, a manager's guide, driver guide, and instructional videotape.The DriveCam video recorder measures G-forces caused by activities suchas hard braking, acceleration, harsh cornering or collisions, which triggerit to save a driving event for later viewing.About DriveCam Video Systems
DriveCam Video Systems is a developer of vehicle safetyproducts that they say improve driving performance for commercial fleets. Basedin San Diego, the company says the Driving Feedback System is the only producton the market that records actual driving experiences to reduce erraticdriving and decrease the frequency and severity of collisions by 30 percentto 50 percent. The insurance industry has endorsed the Driving FeedbackSystem and has offered credits on insurance premiums due to its abilityto control losses. Additional information is available at www.drivecam.com
.About London American General Agency
London American General Agency (LAGA) is a full-service wholesale brokerageand underwriting manager for commercial lines of business. As an underwritingmanager and managing general agent, the company performs front-end riskselection and pricing as well as back-end processing and service throughthe application of technology. For more information,visit www.londonamerican.com.