Think Tank Urges People To Stop Building In High Risk Flood Areas

Climate change has been wreaking havoc in the insurance industry for years at this point. Unfortunately, the consequences of climate change are becoming more immediate and more severe. As a result, many insurance programs are becoming outdated. According to the R Street free market think tank from Washington D.C., one of those programs that needs […]

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Lemonade Announces Shift Into Pet Insurance

Lemonade first made headlines when it raised $480 million for its homeowners and renters insurance solutions. The company is making news again after announcing that they are branching out into a new insurance vertical: pet insurance. The company has yet to release several important details about this new product. We still don’t know anything about […]

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Tesla Is Launching Their Own Ride-Sharing App

Telsa has been touting its ambition to create a fully autonomous ride-sharing program for years at this point. The car company is finally making strides in that direction by releasing their own ride-sharing app, albeit with human drivers at this point. Those who follow this space will remember Tesla CEO Elon Musk’s comments in 2019 […]

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Popular Pet Insurers Ordered To Pay Up In Washington

Washington state’s insurance commissioner, Mike Kreidler, issued a $950,000 fine against ACE American Insurance Co. and Indemnity Insurance Co. for an overcharging scandal centered around Washington State. According to Kreidler’s office the fines were brought against these two companies for their roles in overcharging approximately 18,000 Washington consumers for close to five years. Naturally, the […]

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Tesla Crashes Highlight An Ongoing Automotive Data Challenge

Two Tesla vehicles were involved in fatal crashes in early January. It is still unclear whether the vehicles were using Autopilot (Tesla’s self-driving features) but these incidents did highlight a major problem with the popular electric car companies post-accident data collection methods. For the last decade, most vehicles on the road in the United States […]

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3.4 Million Vehicles Recalled Over Defective Airbags

Toyota Motor Corp. recently announced that they are recalling 3.4 million vehicles across the world as a result of defective airbags. The defect appears to be an electronic error which causes the airbags not to deploy during an accident. According to the Insurance Journal, the recall “…includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 […]

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Drones Are Changing The Claims Process

Automated drones have gone from science fiction to commonplace over the last ten years. The usefulness of these drones seems to have no end, from military use to agriculture, photography and yes, even insurance! Drones are completely transforming the claims process for auto-insurance policies. Drone use for auto-insurance claims have made significant headway in improving […]

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Airlines Face Mounting Pressure To Stop Flights To China

As the coronavirus continues to spread, many airlines are facing mounting pressure to halt hall flights to and from China. American Airlines pilots have joined together and filed a lawsuit seeking an immediate halt to any services operating in China. As of now, flights are still ongoing. Over 10,000 coronavirus cases have already been reported […]

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Truck Driving Companies Face Tough Rate Hikes

The trucking industry has been facing an ever-increasing number of issues over the last few years. As artificial intelligence (AI) and self-driving technology becomes more prominent, many experts predict that trucking will be one of the first industries to transition into automation. That’s not great news for the thousands of truck drivers who currently make […]

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