The future of technology is coming to insurance claims.
While information derived from usage-based insurance telematics hasn’t fully been utilized in the claims process, the benefits that it can provide – consistency, efficiency, and accuracy – offer a way to reduce claims costs.
Telematics is considered an accurate way to predict loss costs for insurers in Britain already. They have been implementing telematics information as the first notice of loss. But how can telematics change the insurance future?
Outside of the U.S., every LexisNexis client using telematics data in its claims processing is experiencing significant savings. Should an accident happen, the information is transmitted back to LexisNexis. The information is then used as a first notice of loss (FNOL). A message alerts the carrier of the insured’s accident. The carrier can then reach out to the insured and send help to the scene.
The insurer can also expedite repairs! They can send a tow ...
Teens are not the only drivers who get distracted behind the wheel.
When most people think of distracted driving, they think of teen drivers. However, teens are not the only guilty ones when it comes to driving while distracted. Many adults are not fully focusing on the road while they are behind the wheel. As a parent, there are many things that you can do to help reduce distracted driving.
To help keep your family safe while in the car, keep these distracted driving prevention tips in mind.
Put your phone away – the easiest way to avoid using your cell phone while driving is to keep it out of reach and on silent. If you can’t grab your phone or hear it ring, you will be much less likely to use it. If your kids see you constantly using your phone while driving, they will think it is alright for them ...