Florida has a big insurance litigation problem. Data from the National Association of Insurance Commissioners (NAIC) showed that even though Florida represented just 8% of all homeowner insurance claims in the United States...
Firm News
Category: Technology
Farmers Insurance Now Covering Rideshare Drivers in 14 States
January 28, 2020
Farmers Insurance now provides commercial auto insurance to its Uber drivers in the District of Columbia, Delaware, Hawaii, Indiana, Iowa, Kansas, Maryland, Missouri, Nebraska, North Dakota, South Dakota, Virginia, and West...
How The Rise of Autonomous Vehicles Will Impact Auto Insurance
January 16, 2020
Understanding the future of insurance in a world of autonomous vehicles is highly relevant for insurance carriers today. Auto insurance, like cyber insurance and new parametric products, will impact traditional lines of...
Travelers Joined the Advanced Vehicle Technology (AVT) Consortium at MIT
November 15, 2019
The Travelers Companies has joined the Advanced Vehicle Technology (AVT) Consortium, organizations like auto manufacturers, insurance carriers and automated vehicle technology companies working to advance research automated...
Driver Error and Tesla Autopilot to Blame for 2018 Crash
October 2, 2019
According to the National Transportation Safety Board (NTSB), driver errors and Tesla’s Autopilot design may be the cause of a crash involving Tesla’s Model and a parked fire truck in California. The NTSB cited the...
Tesla Announced Launch of Its Insurance
September 20, 2019
Tesla announced the launched of its own insurance and claims that it will provide customers with lower rates because of the safety features in its vehicles. According to Tesla, “because Tesla knows its vehicles best, Tesla...
The National Transportation Safety Board (NTSB) recently released results from its investigation into a minor collision involving an autonomous shuttle bus and a commercial truck in 2017. No one was injured in the crash;...
Autonomous Vehicles’ Movement Towards the Mainstream
July 18, 2019
There have been many significant advances in autonomous vehicle technology around the world. Among those was a bill that was recently passed in Florida, allowing AV systems to operate on the streets without a human driver....
Drone and Aerial Imagery Key in the Wake of 2018 Natural Disasters
January 31, 2019
According to the Insurance Journal, drones and aerial imagery have become very important to the insurance industry as a result of natural catastrophes, particularly in the southeast region of the U.S. Drones allowed insurers...
Global Blockchain Expected to Grow in the Insurance Market
August 10, 2018
Insurance companies globally lose more than US$80 billion to fraud every year. A growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and a focus on reducing the total...