Live Insurance News

Automakers are looking to turn car insurance on its head

February 24, 2022February 23, 2022 Nordstrom

Tesla and General Motors want to define themselves as top players in a whole new industry. Tesla and GM are both looking to take on car insurance in multiple states in order to provide their customers with a new way to obtain coverage that the automakers are aiming to make less expensive than traditional alternatives. Tesla’s auto policies are available in five states, with a target to bring them to 45 by the close of 2022. Tesla may not have much reach in the current car insurance market, but it…

IIHS Autonomous vehicle risk study criticized by automakers

June 10, 2020June 9, 2020 Nordstrom

The low crash estimates from new research underestimate the tech’s capabilities, say critics. Automakers involved in developing and manufacturing self-driving cars have criticized recent insurance industry research measuring the autonomous vehicle risk of crashes. The study suggested that only about one third of crashes on American roads would be prevented if the cars were driving themselves. The automakers argue that the study doesn’t take into account the full capability of the technology. The research was conducted by the Insurance Institute for Highway Safety (IIHS). It involved an analysis of 5,000…

Auto insurance for self-driving vehicles is a hot topic in California

September 19, 2014September 19, 2014 S.Vagus

State regulators are beginning to show more attention to insurance issues involving automaked vehicles Self-driving cars could become more common in the future and this may have an impact on auto insurance. The California Department of Insurance is advising the state’s insurance companies to prepare for the eventual proliferation of automated vehicles. Insurance Commissioner Dave Jones has been gathering data about these vehicles and the technology behind them, hoping that insurers will use this data to adapt more quickly to a future where drivers are a thing of the past.…

Agents concerned of GM free MetLife insurance offer

July 13, 2011 Nordstrom

Independent insurance agents in the Pacific Northwest have been voicing their apprehension over a promotion made by General Motors that offers auto buyers in the area a year of free MetLife Auto & Home liability and damage coverage. In an effort to encourage more drivers in Washington and Oregon to purchase new GM vehicles, the auto manufacturer has announced that until September 6, when customers in those two states purchase a new 2010, 211, or 2012 car, crossover, or truck, they would also receive a free year of MetLife Home…

Looking to boost sales, General Motors offers free insurance for new cars.

July 7, 2011July 7, 2011 S.Vagus

General Motors is no stranger to financial troubles. The 2008 recession, whose effects still linger to this day, took a heavy toll on the auto maker. The company was forced to shut down several factories, lay off thousands of workers and discontinue some of their models. Recovering from the recession has been no small feat for the world’s businesses, but the auto industry has had a particularly rough time of it, due mainly to the additional expenses that come with purchasing a vehicle. In an effort to boost sales, GM…