The insurer said the agreement spotlights the company’s commitment to student athletes GEICO and the National Collegiate Athletics Association (NCAA) recently announced that the insurer would be the NCAA’s official home and auto insurance partner. The partnership involves all the NCAA’s men’s and women’s championships The broad partnership includes all 90 of the NCAA women’s and men’s championships, demonstrating the auto insurance company’s commitment to college sports and student athletes. “We are thrilled to welcome GEICO back to the NCAA Corporate Champion and Partner Program,” said NCAA senior vice president…
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News articles concerning car and auto insurance nationwide for both insurance brokers and insurance customers. Learn about changes happening in your state or even global insurance matters.
GEICO losing auto insurance ground to State Farm and Progressive
Early data from NAIC indicates that the Berkshire Hathaway-owned insurer is losing market share to competitors. Following a rocky 2023 for the personal auto insurance business in the United States, early data released by the National Association of Insurance Commissioners (NAIC) suggests that auto insurance company GEICO is losing ground to its larger competitors State Farm and Progressive. State Farm has held the top spot for many years in the US While it’s no big news that State Farm is still the largest auto insurance company in the United States…
Read MoreAre Automated Driving Features in Your Car Really Safeguarding You?
The rise of automated driving features has promised a future of hands-free convenience and enhanced safety. But are these advanced systems living up to their assurances, keeping drivers out of harm’s way? A recent study conducted by the Insurance Institute for Highway Safety (IIHS) forces us to confront the efficacy and safety of these technologies head-on. Partial Automation, Full Concerns Study Highlights Only one of 14 partially automated systems tested earned an “acceptable” rating. The majority of systems received a “poor” rating; none received a “good.” Marketing by some automakers…
Read MoreRevolution or Invasion? Automakers Sharing Driving Data with Insurance Companies
In the recent article titled, “Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies,” by the New York Times, the argument unfolds around the alliance between automakers and insurance firms. The central tenet of the paper uncovers a practice where car manufacturers transmit driving behavior data to insurers. This article explores the potential ramifications on insurance premiums, privacy concerns and consumer habits. The Impact on Insurance Premiums The sharing of driving data stands to revolutionize the insurance industry. On one hand, it can be a boon for safe drivers who…
Read MoreFlorida motorcycle insurance gains new pay-per-mile player
The state’s riders now have the added option that Voom has included in their available products Riders in Florida have an additional motorcycle insurance option from which to choose for meeting their coverage needs as Voom Insurance recently announced that it was bringing its pay-per-mile policies to the state. This makes the insurer the only one in Florida selling this type of product Usage-based coverage is available within the state’s automotive market, but this option has been focused entirely on larger vehicles such as cars, SUVs and trucks. The new…
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