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Gen Z’s Truth About Lying: A Tech Revolution in Insurance

May 16, 2024May 15, 2024 G. Turner

In an unexpected twist, the high rate of insurance application falsifications by Gen Z has become a catalyst for technological advancements within the insurance industry. NerdWallet’s 2024 Insurance Dishonesty Report reveals that 42 percent of Gen Z-ers have admitted to lying on insurance applications to secure better rates. This trend, while initially alarming, is driving significant innovation in how insurers handle data and assess risk. Generational and Gender Perspectives on Insurance Dishonesty Emerging trends highlight a generational and gender divide in attitudes towards insurance dishonesty. Men are generally more inclined…

Leveraging Allstate Drivewise for Safer Driving Amid Rising Accident Rates

April 18, 2024April 17, 2024 Nordstrom

Allstate Drivewise - Car Accident Increase

Significant Safety Enhancements for Drivewise Users Allstate has uncovered significant safety improvements for drivers who actively use their Drivewise feature, according to a joint analysis with their mobility information and data. The findings indicate that Allstate customers who opt into Drivewise, accessible via the Allstate app, are substantially safer on the road. The program’s data shows a compelling 25% reduction in severe collisions for Drivewise users compared to non-users. Furthermore, an Arity study on driving behavior supports the idea that Drivewise customers are generally more cautious drivers. They are less…

Reckless Driving vs. Aggressive Driving: The Differences Explained

December 17, 2020 Guest Author

how to know reckless driving from agressive driving

When you feel like another driver’s actions are putting you in danger, whether or not they’re being aggressive or reckless is probably not your first concern. After all, you just want to get away from them without an accident. However, if an accident happens, knowing the difference between these two types of dangerous driving can affect any lawsuit that takes place. Types of Reckless Driving The following are examples of the most common types of reckless driving. These examples will help you realize what type of dangerous driving is involved…

Using a Vehicle Tracking Device to Lower Your Insurance Premiums

June 2, 2013April 21, 2014 Guest Author

Insurance premiums are rising year on year… this is down to more cars being on the road and more careless driving as people take more risks to get to work on time. This year it is predicted there could be a further rise of between 3-10% on insurance premiums due to reinsurers (the insurers for the insurance companies) increasing their own premiums because of a concern over how easy insurers are paying out. The issue is that it is generally a small proportion of drivers who actually have accidents regularly…

Telematics: The rise of usage-based insurance

May 17, 2013May 25, 2013 S.Vagus

Usage-based insurance is gaining traction Usage-based insurance coverage had, once upon a time, been considered little more than a fantasy. Now, however, it is becoming much more of a reality as we see insurance giants roll out their new auto insurance plans based on this technology. As the term suggests, usage-based insurance is based on driving behavior. This means that policyholder’s rates are based on how many miles driven, what time of day and safe driving habits and more. Determining whether or not coverage is in use can be a…