Latest Automation Optimization Headlines
All the headlines from our Automation Optimization Topic Page, ordered by recency.
Technology May Outpace Humans on Road to Automated Driving
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...
District of Columbia, Maine, Pennsylvania Nix Price Optimization
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...
District of Columbia Issues Price Optimization Ban Bulletin
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...
Maine Issues Bulletin Prohibiting Use of Price Optimization
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...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization
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...
101 Sales, Marketing & Management Ideas
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...
It’s Time for Dialogue, not Demagoguery, on Price Optimization
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...
Vermont Regulators Issue Bulletin on Price Optimization
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...
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking
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...
Florida Bans Price Optimization; Insurers Question Definition
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...
Can I be Held Negligent if My Self-Driving Car Causes an Accident?
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...
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...
