New Samsung Development Team To Focus on Autonomous Vehicle Components
Posted on Dec 10, 2015 in Industry News, Technology Impacting Auto Insurance | Comments Off on New Samsung Development Team To Focus on Autonomous Vehicle Components
Samsung has recently announced its intention to create a team, separate from its existing business units, to focus on development of next-generation automobile components. The components will be designed for use in autonomous or internet-connected vehicles. The announcement, Samsung’s first official acknowledgement of its interest in the auto industry, comes on the heels of...
Google’s Autonomous Vehicles: Slow Speeds, Adapting to Emergency Situations, and a Minor Accident
Posted on Dec 9, 2015 in Industry News, Technology Impacting Auto Insurance | Comments Off on Google’s Autonomous Vehicles: Slow Speeds, Adapting to Emergency Situations, and a Minor Accident
As the development of Google’s driverless car progresses, the company recently reported on topics such as its slow speed, it’s reaction to emergency signals, and accident updates. First, one of the vehicles was stopped by police last month for driving too slowly (24 mph in a 35 mph zone). Google explained that although the self-driving car can go faster, slower speeds both assist the...
“Quiet Car” Regulation Delayed
Posted on Dec 4, 2015 in Industry News | Comments Off on “Quiet Car” Regulation Delayed
The National Highway Traffic Safety Administration (NHTSA) is delaying a safety regulation that would require hybrid and electric vehicles to add audio alerts when driving at low speeds. The NHTSA claims that hybrid vehicles, which are known as “quiet cars” because they can be driven at low speeds without an internal combustion engine running, are involved in nearly 20% more pedestrian...
Connecticut Issues Bulletin Banning Price Optimization
Posted on Dec 4, 2015 in Insurance Developments and Trends, Insurance Regulation | Comments Off on Connecticut Issues Bulletin Banning Price Optimization
In a recent bulletin, Connecticut became the 16th jurisdiction to ban price optimization in insurance pricing. Connecticut Insurance Commissioner Katherine L. Wade stated that the Department “views price optimization as a discriminatory practice and therefore a violation of state insurance law.” Wade specifically cited factors such as a customer’s “propensity to shop for insurance or...
