Latest Automation Optimization Headlines

All the headlines from our Automation Optimization Topic Page, ordered by recency.

N.Y. DFS Eyes Insurers’ Cybersecurity, Price Optimization

Apr 6 2015 // New York state regulators recently sent a letter to insurers operating in the state, seeking detailed information on their cybersecurity measures.Benjamin Lawsky, superintendent of the New York Department of Financial...

New York DFS Opens Inquiry Into Price Optimization

Mar 20 2015 // The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating in the state, seeking information concerning price optimization.New York joins a growing...

Insurance Industry Needs Better Arguments for ‘Price Optimization’

Feb 23 2015 // Back in her high school days, my daughter got to be a pretty darned good field hockey player, eventually became the captain of her team. But in her sophomore year, Regina was still locked in a competition with another...

Ohio Warns Insurers Against Using Price Optimization in Premium Rating

Feb 23 2015 // Lieutenant Governor and Department of Insurance Director Mary Taylor has warned insurance companies operating in Ohio against the use of price optimization that can result in unfair discrimination.On Jan. 29 Taylor issued...

California Commissioner Tells Insurers to Cease Price Optimization

Feb 18 2015 // California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called “price optimization” in rate making is unfairly...

Greenwich is Scene of RSA Sponsored UK Driverless Car’s First Test

Feb 11 2015 // Government ministers will launch the UK’s driverless car trials in the Royal Borough of Greenwich – the location chosen for one of the Government-backed projects, in which RSA is the insurance partner.The...

Ohio Insurance Director Warns Insurers Against Use of Price Optimization

Feb 10 2015 // Lieutenant Governor and Department of Insurance Director Mary Taylor has warned Ohio insurers against the use of price optimization that can result in unfair discrimination.Taylor recently issued Bulletin 2015-01, dated...

Price Optimization Allegations Challenged, NAIC Investigating Practice

Dec 18 2014 // Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the...

Maryland Says Insurers Can’t Use ‘Price Optimization’

Nov 17 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article.MIA said...

Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan

Nov 3 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article.MIA said...

Automakers Race to Be First With Driverless Cars

Jul 17 2014 // Nissan Motor Co. will introduce cars that park themselves by 2016, Chief Executive Officer Carlos Ghosn said, as the Japanese carmaker rushes to be among the first to offer automated driving.The feature, along with...

Aon Launches Entrepreneurs Program for Women-Led Businesses

Jul 10 2014 // A bulletin from Aon’s London headquarters notes that as “part of its global strategy to empower human and economic possibility for clients, colleagues and communities,” it is launching its...

Actuaries Grapple with Insurance Questions on Self-Driving Cars

Jun 2 2014 // The car of the future is pictured in an imagined scene in a 1950s science magazine. The illustration depicts a family sitting in a big convertible, a tail-finned monster. Mom, Dad and their kids are in a circle, playing a...

The Original Search Engine

Jun 2 2014 // In a world where a simple online search can yield a universe of information about insurance products and services in the blink of an eye, it is perilously easy to overlook the key role an age-old human transaction – the...

Actuaries Grapple with Insurance Questions on Self-Driving Cars

May 16 2014 // The car of the future is pictured in an imagined scene in a 1950s science magazine. The illustration depicts a family sitting in a big convertible, a tail-finned monster. Mom, Dad, and their kids are in a circle, playing a...

How Robots, Drones Are Transforming Mining and Mine Safety

Apr 4 2014 // Mines without miners?Not quite. Still, a technology boom in robots, drones, driverless trucks and pilotless trains is beginning to reshape one of the world’s most labor-intensive industries, portending automation of...

Ford Teams with MIT, Stanford to Research Autonomous Vehicles

Jan 23 2014 // Ford Motor Co. said on Wednesday it is joining with two top U.S. universities to launch research into automated driving technology.The automaker said it will work with Stanford University and the Massachusetts Institute of...

Rescheduled Asiana Crash Hearing to Probe Pilot Reliance on Automation

Dec 10 2013 // A U.S. safety regulator’s hearing on the July 6 crash of an Asiana Airlines Inc. plane in San Francisco was postponed today due to the federal government’s weather-related closing.The day hearing will be...

Chicago Announces First 12 Automated Speed Locales

Aug 13 2013 // The Chicago Department of Transportation is announcing the first 12 automated speed enforcement sites as part of the city’s “Children’s Safety Zones.”Cameras will monitor speed and revenue from...

Federal Safety Officials Look to Accelerate Self-Driving Cars, Vehicle Technologies

May 30 2013 // Self-driving cars being developed by Google Inc. and some automakers are getting a lift from U.S. auto-safety regulators eager to accelerate automation that they predict could prevent many crashes.Transportation Department...