DriveCam Video Systems, a creator of vehicle safety systems, announced May 28 that the London American General
Agency has initiated a ten percent premium discount with Scottsdale Insurance
Company for taxi fleets that use the DriveCam Driving Feedback System.
The insurance discount program is offered through the Radio Dispatched
Public Livery Association, a federal risk purchasing group for independent
fleets. Using video technology to improve driving habits, DriveCam's
Driving Feedback System has been proven to reduce the frequency and severity
of collisions, according to the company.
"Fleets using DriveCam benefit by having a reliable method to control
losses from collisions, which lowers the cost of insuring them," said
Ed Maucere, president of London American. "DriveCam also counters insurance
fraud, for which livery services such as taxis and limousines are frequently
a target. These cost savings prompted us to provide a discounted premium
to taxi fleets using DriveCam."
According to the company, DriveCam uses video technology to record what drivers see and
hear during unusual driving incidents. This allows fleet managers to counsel
drivers on actual driving experiences. It also provides information critical
to determining fault in an accident claim and speeds claim processing.
The company claims thousands of commercial vehicles, including utility fleets, passenger
transportation, and service/delivery vans, are currently using DriveCam's
Driving Feedback System and have experienced reductions in the frequency
and severity of collisions of 30 percent to 50 percent.
"DriveCam has worked closely with insurance carriers to document the effects
of its products on reducing losses and lowering insurance costs," said
Ed Andrew, president of DriveCam. "Because of these efforts, fleets using
DriveCam can now demonstrate to their insurance carrier that they are
taking 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 event
data recorder, HindSight 20/20 software for tracking and evaluating driving
events, a manager's guide, driver guide, and instructional videotape.
The DriveCam video recorder measures G-forces caused by activities such
as hard braking, acceleration, harsh cornering or collisions, which trigger
it to save a driving event for later viewing.
About DriveCam Video Systems
DriveCam Video Systems is a developer of vehicle safety
products that they say improve driving performance for commercial fleets. Based
in San Diego, the company says the Driving Feedback System is the only product
on the market that records actual driving experiences to reduce erratic
driving and decrease the frequency and severity of collisions by 30 percent
to 50 percent. The insurance industry has endorsed the Driving Feedback
System and has offered credits on insurance premiums due to its ability
to 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 brokerage
and underwriting manager for commercial lines of business. As an underwriting
manager and managing general agent, the company performs front-end risk
selection and pricing as well as back-end processing and service through
the application of technology. For more information,