Amid all the turmoil in the auto market, as we move in fits and starts toward electric and even autonomous vehicles, here's a new wrinkle: Data suggest that car sales have peaked.
In the face of ever-increasing premiums, auto owners are foregoing coverage, taking higher deductibles and not filing claims. This marks a profound change.
The on-demand economy is exploding, but building suitable auto insurance products and services for the drivers fueling this economy is taking far too long.
Smartphones and apps are now at the point where we can all have dashcams — reducing fraud, simplifying the adjudication of claims, and curbing risky driving.
Here are six strategic steps carriers can take to better prepare for handling auto claims following severe weather, such as the recent Hurricane Helene.