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Commissioner Issues Regulations Prohibiting Gender Discrimination in Automobile Insurance Rates

California Insurance Commissioner Dave Jones has issued new regulations that prohibit the use of gender in private passenger automobile insurance ratings in California. The Gender Non-Discrimination in Automobile Insurance Rating Regulation became effective on January 1, 2019. “My priority as Insurance Commissioner is to protect all California consumers, and these regulations ensure...

Swiss Re and BMW to jointly develop a new car insurance rating

Swiss Re and the BMW Group will jointly develop a new car insurance rating concept called the ADAS risk score to help insurers better price their motor insurance products for vehicles equipped with advanced driving assistance systems (ADAS). The new car insurance rating concept will take integration of safety-relevant driver assistance systems into account, said the BMW Group. The ADAS...