Commercial vehicles with usage-based insurance market is projected to grow by more than 18% by 2024, according to new research from Global Market Insights, Inc.
Brownsville, Texas ranks as the safest-driving city in the nation when precipitation is factored with collision frequency, according to a new report from insurer Allstate.
The frequency of non-crash fire claims for passenger vehicles subsequently recalled was 19% higher than non-recalled models, according to the Highway Loss Data Institute. After the recall, the difference in non-crash fire claim frequency dropped to 11%.
Berkshire Hathaway GUARD Insurance Companies will begin testing advanced safety technology from Safe Drive Systems with a select group of vehicles in client fleets to see if the radar-based collision avoidance technology can reduce insurance claims.
The adoption of autonomous driving technology will lead to fewer accidents, but the collisions that do occur will likely result in costlier repairs and raise difficult questions relating to driver and manufacturer liability, victim compensation and data collection, The Travelers Institute argues in a new whitepaper.
Blog: Vocational trucks are susceptible to being targeted for staged accidents, which involves maneuvering an unsuspecting employee driver into an intentional crash in order to make a false insurance claim or to file a lawsuit against the driver’s employer.
The average nationwide insurance rate for the Honda Odyssey LX in 2017 is $1,112, while the Mercedes S65 AMG has an insurance rate of $3,835.
When I first read articles about the use of drones in fleet operations, I used to roll my eyes. But, no longer. After talking with many fleet managers, I now believe that drones in commercial applications will have a major impact in a variety of industries. At most companies, drone operations will fall outside the domain of fleet, at least initially. As FAA restrictions are eased, drones will proliferate into mainstream business practices, with the insurance and energy industries in the vanguard
The cost of insuring an autonomous vehicle should fall 20% below current levels and may fall by as much as 40% by 2050, according to a new report from insurance analyst Aon Benfield.
Other cities making Allstate’s annual safest-driving list include Kansas City, Madison, Cape Coral and Boise.
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