• Vehicle Insurance

    Commercial vehicle insurance markets went from bad to less bad: AM Best

    Commercial auto insurance, which includes trucking, lost money in 2020. And yet a new report by insurance rating and benchmark company AM Best still declared last year’s performance as “the best underwriting results” in several years. Improved performance was recorded “across a number of key metrics, although the line still incurred an underwriting loss overall,” Best wrote in a recently released report.  But the report noted that the improvement last year was driven in part by the sharp drop in the number of cars on the road. That decline “finally moved the needle substantially in 2020.” Commercial auto insurance includes  

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  • Vehicle Insurance

    How to choose the right motor insurance policy and add-ons for your vehicle

    Anyone who has had any exposure to driving on Indian roads would agree that accidents are far easier to get into than out of. The data reverberates this fact, with an alarming rate of around 4.5 lakh road crashes each year as per a recent World Bank report. Not just this, the report also states that India tops the list when it comes to road accident deaths, even though we contribute to only 1 per cent of the total vehicles in the world. These numbers sure paint a dismal picture, but they are also a caution light for you to  

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  • Vehicle Insurance

    Auto Insurance Claim Satisfaction Rises on Combination of Soaring Vehicle Values and Growth of Straight-Through-Processing Claims Management, J.D. Power Finds

    Increased Vehicle Complexity Introduces New Challenges: Claims for Vehicles with Advanced Driver-Assistance Systems (ADAS) 13.5% Higher on Average TROY, Mich., October 28, 2021–(BUSINESS WIRE)–The nationwide surge in used vehicle prices has given an unexpected boost to auto insurance customers who experience a total loss—their vehicles might be worth more than they thought. This phenomenon of higher replacement values, combined with advancements in straight-through-processing (STP), has driven customer satisfaction with auto insurance claims to a record high in the J.D. Power 2021 U.S. Auto Claims Satisfaction Study,℠ released today. Despite these gains, however, the industry is facing new  

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  • Vehicle Insurance

    World EV Day 2021: Electric vehicle insurance – All you need to know

    Along with the growth in the EV segment in the country, there will be a huge demand for motor insurance for electric vehicles. Whether one drives petrol, diesel or electric vehicle, insurance is mandatory. Updated: Sep 13, 2021 1:39 PM 2021 Tata Tigor EV (Image for representational purposes only) In order to control pollution, Union Minister Nitin Gadkari recently announced a new vehicle scrappage policy in the Parliament- an announcement, which will boost the electric vehicle market in the country. Proposals like National Electric Mobility Mission 2020, Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) have also been  

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  • Vehicle Insurance

    Ford Motor Company and LexisNexis Risk Solutions Join Forces to Help U.S. Drivers Maximize Connected Vehicle Benefits

    One of the Largest U.S. Car Manufacturers in the U.S. Auto Insurance Market Offers Connected Vehicle Data to Leading Insurance Data and Advanced Analytics Provider. ATLANTA and DETROIT, Sept. 9, 2021 /PRNewswire/ — LexisNexis® Risk Solutions and Ford Motor Company today announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers via the LexisNexis® Telematics Exchange. Ford and Lincoln customers with an eligible 2020 model year or newer vehicle can opt in to participate in usage-based insurance (UBI) programs, which has the potential to save customers money  

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