Cyber Threats Drive Concern About Vehicle Vulnerability
May 5, 2023
The technological sophistication of today’s cars and trucks is making them increasingly vulnerable to cyber security threats.
Archive for the ‘Auto’ Category
What Does “Proximate Cause” Mean in Insurance?
January 31, 2023
How does it apply in a case involving the ransomware payment from a cryptocurrency account? Proximate cause, which refers to the closest/first cause of an accident, is a basic principle of insurance. Although there are several classic examples of how proximate cause works, a case involving cryptocurrency was recently decided based on the principle of […]
8 Winter Driving Tips for Commercial and Personal Vehicle Drivers
January 14, 2023
Driving safely in winter weather can be challenging for even the most experienced driver. Whether your firm employs commercial vehicle drivers or most of the driving at your firm involves employees driving personal passenger vehicles, the following tips selected from the Federal Motor Carrier Safety Administration website will help drivers avoid dangerous situations, especially in […]
How Litigation Is Driving Up U.S. Commercial Auto Insurance Costs
June 13, 2022
Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019. This is according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, Social Inflation and Loss Development confirms and […]
National Roadway Safety Strategy Announced
March 31, 2022
The National Roadway Safety Strategy (NRSS) is “a roadmap for addressing the national crisis in roadway fatalities and serious injuries.” We cannot tolerate the continuing crisis of roadway deaths in America. These deaths are preventable, and that’s why we’re launching the National Roadway Safety Strategy today — a bold, comprehensive plan, with significant new funding […]
7 Ways to Improve Company Driver Safety
February 11, 2022
If you have company trucks to provide service offsite or to deliver products, your drivers spend a lot of time on the road. Check out these tips for improving safety and reducing costs: Make sure your drivers have safety gear onboardStock your trucks with warning triangles, first aid kits, LED flares, warning flags, and make […]
Drivers Say They Fear Cyber Hi-Jackers
June 24, 2021
More U.S. motorists are getting worried about possible cyber-attacks on their connected vehicles, a survey by HSB, part of Munich Re, reported recently. Some even believe a hacker could confront them over their car audio systems or disable automotive safety features. The HSB poll by Zogby Analytics found that 37 percent of consumers who responded […]
Auto Damage Claims Growing Twice as Fast as Inflation
February 10, 2021
The average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018, according to a new study from the Insurance Research Council (IRC). The study, Patterns in Auto Physical Damage Insurance Claims, found that average payments increased 3.7 percent annualized during the study period, while […]
Automated Driving Would Reduce Crashes by Only a Third
July 21, 2020
Driver mistakes play a role in virtually all crashes. That’s why automation has been held up as a potential game changer for safety. But autonomous vehicles might prevent only around a third of all crashes if automated systems drive too much like people, according to a new study from the Insurance Institute for Highway Safety. […]
Traveling the Same Roads Together: AVs and Humans
March 17, 2020
An Update on Safety and Autonomous Vehicles (AVs) Nuro For the first time, regulators at the National Highway Transportation Safety Administration (NHTSA) have given permission to an AV manufacturer, Nuro, Inc., to deploy 5000 low-speed electric delivery vehicles without human controls like mirrors or steering wheels. The small, seat-less car, with gull-wing cargo doors on […]