Dispute between Oregon and Oracle threatens the capabilities of Cover Oregon Acclaimed technology firm Oracle has been at odds with the State of Oregon regarding its health insurance exchange. The exchange makes use of technology that has been developed by Oracle and this technology allows the exchange to operate as it is meant to. The problem, however, is that Cover Oregon is not yet fully developed and state officials have called into question the viability of Oracle’s insurance technology. The tension between the state and the technology firm had reached…
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Will auto insurance rates rise because of Google Glass?
The popularity of wearable technology and augmented reality glasses could soon have an impact on premiums. In a move that could one day – in the not too distant future – impact the auto insurance premiums that motorists are facing every year, Google is currently lobbying officials in three or more American states to try to put a halt to the proposed limitations for driving while wearing augmented reality glasses and headsets, such as Google Glass. This represents one of the first major legal battles over the AR based wearable…
Read MoreBitcoin insurance is now available
Insurance coverage for digital currency comes to the UK Digital currency has been making slow progress with consumers and businesses alike for several years. The idea of digital currency is quite attractive, especially as mobile technology becomes more important in daily life. The idea, however, is also problematic in that digital currency is susceptible to a wide range of problems as well as being very attractive to hackers. Bitcoin could be considered the premier digital currency and its history has been marked by volatility, theft, and exploitation. Now, however, Bitcoin…
Read MoreUsage based insurance is already going mainstream
This type of auto policy has started to become one of the standard offerings of many insurers. Though the potential benefits of usage based insurance have been clear for some time, this new technology based version of auto coverage has always represented an extremely small percentage of the offerings from insurers. This trend is starting to change as the tech is picked up by a growing number of insurers. Moreover, as more auto insurance companies offer these products in a larger number of locations, consumers are also finding the chance…
Read MoreThe Most Comprehensive Insurance Telematics Conference & Exhibition
Telematics Update: 60+ Insurers including Progressive, Allstate, USAA and Liberty Mutual Already Confirmed to Attend Insurance Telematics USA 2013 Telematics Update has announced that with a month until the Insurance Telematics USA 2013 Conference (4-5 Sept, Chicago), 67 underwriters, pricing, marketing and product directors from leading insurance companies such as American Family, Farmers, State Farm and USAA have already signed-up to attend. Over the past 13 years, Telematics Update has built an in-depth knowledge on all things telematics, focusing on how these technologies can be utilized by the insurance space.…
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