All the headlines from our Automation Optimization Topic Page, ordered by recency.
Nov 17 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance.Rothman said the anti-consumer...
Nov 17 2015 // The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle.Or it could not be. Consumer groups and a growing contingent of states are labeling the practice...
Nov 16 2015 // To foster the digitalization of Allianz Group, a new unit called “Digital Transformation” will be established at Allianz SE, the company announced.Solmaz Altın (41), currently CEO of Allianz Turkey, will be...
Oct 19 2015 // When Fred and Donna Wolden’s biannual car insurance premium went up by $90 last month, they wanted to know why.The Wisconsin retirees hadn’t had an accident or bought a new vehicle. In fact, they say not much...
Oct 19 2015 // Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing.The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no...
Oct 6 2015 // Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing.The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no...
Oct 5 2015 // Rhode Island’s Insurance Division issued a bulletin on Sept. 18 for personal lines property/casualty insurers in the state that effectively prohibits the use of non-risk related features of price optimization.Rhode...
Sep 25 2015 // Zurich Insurance Group announced that it has been selected as the insurance associate to CityMobil2, an EU-funded research project that is staging tests of automated road transport systems with self-driving buses across...
Sep 23 2015 // Rhode Island’s Insurance Division issued a bulletin on Sept. 18 advising that any personal lines property/casualty insurer that uses price optimization to rate policies in Rhode Island should submit revised filings...
Sep 14 2015 // From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come.More than...
Sep 7 2015 // The District of Columbia, Maine and Pennsylvania have recently joined a growing number of states and jurisdictions that issued directives prohibiting the use of price optimization.In Washington, D.C., the Department of...
Aug 28 2015 // The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is...
Aug 26 2015 // Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such...
Aug 24 2015 // Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using the price optimization techniques in property/casualty insurance...
Aug 17 2015 // Fellow agents, Insurance Journal readers, experts, educators, marketing professionals, along with Theodore Roosevelt, Steve Jobs, Zig Ziglar, CNBC’s Kelly Evans, Harvard Business Review and Fortune magazine have been...
Jul 29 2015 // Social activist Saul Alinsky’s “Rules for Radicals: A Pragmatic Primer for Realistic Radicals” was written as a how-to guide for community activists looking to compel political change. Yet its rules are...
Jul 20 2015 // Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors.The Vermont...
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking.The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
May 19 2015 // A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group and jeers from an...
Apr 20 2015 // On the topic of automation, Frank Lloyd Wright said: “If it keeps up, man will atrophy all his limbs but the push-button finger.”It is safe to assume that Mr. Wright had no idea how true his words would ring or...