Live Insurance News

Insurance technology could place US drivers at risk, says hacker

January 19, 2015January 17, 2015 Julie Campbell

Increasing auto insurance premiums technology

Tech expert, Corey Thuen, will be speaking at the S4 conference to show that pay as you drive dongles aren’t secure. Corey Thuen is a Digital Bond Labs security researcher, who has been working for a number of weeks on the subject of the insurance technology of onboard network dongles that are connected to the OBD2 ports of vehicles as a component of usage based auto policies. The findings of the research have been striking and they will soon be presented in a talk entitled “Remote Control Automobiles”. Thuen looked…

Auto insurance firm hit with $27.6 million fine

January 16, 2015January 15, 2015 S.Vagus

Mercury Insurance is being ordered to pay a large fine for wrongful fees issued to consumers The California Department of Insurance has ordered Mercury Insurance, one of the state’s largest auto insurance providers, to pay some $27.6 million in fines for allegedly charging consumers wrongful fees. This represents the largest fine issued against an auto insurance company in the state. Insurance Commissioner Dave Jones ordered the fine, accusing the insurer of charging broker fees that it did not approve of to begin with. Mercury Insurance believes that the fine is…

Google may break into the US auto insurance market

January 14, 2015January 13, 2015 S.Vagus

Analysts suggest that Google could launch a new insurance comparison service in the US Google may soon be offering auto insurance coverage in the United States, according to analysts with Forrester Research. Analysts predict that Google will soon launch its Google Compare service, which is designed to be an auto insurance comparison shopping platform. This platform would allow consumers to search for insurance coverage offered by numerous companies and find the policies that best suit their needs. While Google will not be offering coverage itself, it could soon become a…

Google is stepping into auto insurance sales

January 12, 2015January 10, 2015 Julie Campbell

The internet giant intends to begin selling policies for vehicle coverage in the United States market. According to a statement recently made by an analyst, Google Inc. has intentions to make its way into the American auto insurance market with a website that will give people across the United States the opportunity to compare policies and buy coverage. This is only the latest step in a broader effort that the company to make its way into the U.S. automotive industry. The internet search giant is going to be creating a…

Usage based insurance tracking soon available through OnStar

January 8, 2015January 7, 2015 Julie Campbell

As of the summer of 2015, a motorist’s driving behaviors can be assessed through its onboard system. Beginning this summer, the OnStar service found in many vehicles will also be capable of tracking a driver’s behaviors as a part of an opt-in usage based insurance program that will make it possible for safer motorists to save on their coverage. This program will provide an evaluation of a driver’s habits over a period of ninety days. Once that time has been completed, drivers will be given the opportunity to take advantage…