These changes may soon be altering the entire face of the auto coverage industry. A report has just been released that has indicated that approximately 75 percent of companies in the property casualty industry believe that usage based insurance (UBI) will create a significant shift in the auto coverage from the current situation through 2020. The report said that 70 percent of insurers are already involved in some level of UBI. The report was created by Strategy Meets Action (SMA), which is an insurance advisory firm. It stated that among…
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