Telematics, Driving & Insurance
CMT update pushes more AI capabilities into vehicles | Fierce Electronics
It wasn’t too long ago that the software-defined vehicle was all the rage in the automotive sector, but a new era is dawning, that of the AI-defined vehicle. Cambridge Mobile Telematics says AI doesn't have to be hard-wired into vehicles for automakers, drivers and insurers to see its benefits.It wasn’t too long ago that the software-defined vehicle was all the rage in the automotive sector, but a new era is dawning, that of the AI-defined vehicle. Whether through system-level integration or add-on devices, more AI capabilities will be hitting the road in the near future.
Arm recently discussed its vision for AI-defined vehicles, one that included a new compute subsystem, but AI does not always need to be hard-wired into vehicle systems for automakers, drivers, and insurers to realize the benefits of the technology. AI also can make a difference through sensor-based devices like add-on tags and the use of AI to process data from sensors to enable intelligent safety alerts and other capabilities.
With that in mind, Cambridge Mobile Telematics (CMT) recently announced new AI-powered features that are part of its DriveWell Fusion platform, and that can be delivered through smartphones or on-vehicle IoT devices like the company's CMT Tag sensors to improve driver safety and streamline insurance claims management, among other benefits.
Matt Fiorentino, vice president of marketing at CMT, recently told Fierce Electronics, “It depends on how you define an ‘AI-defined vehicle,’ but if you’re talking about vehicles and mobility systems that continuously learn from real-world data to improve safety, efficiency, and experience, then yes, CMT is moving the industry closer to that vision.”
Research
**Insurance 2025: Adapting to a New Era of Opportunities and Challenges AND State of InsurTech 2024**
[Ed. Note: Highly Recommended. Whitepapers from Boston Consulting Group (BCG)]
Insurance 2025: Adapting to a New Era of Opportunities and Challenges examines the trends shaping the future of Property & Casualty insurance. This second installment focuses on commercial lines, offering practical strategies to drive innovation and resilience in a complex market. With rising demand for specialized coverage, advancing technologies, and economic pressures, commercial insurers face both challenges and opportunities. By making bold decisions and adopting innovative approaches, carriers can establish themselves as leaders in a dynamic and competitive industry.
LINK To Insurance 2025: Adapting to a New Era of Opportunities and Challenges
LINK TO State of InsurTech 2024
Boston Consulting Group (BCG0
2025 Allstate America's Best Drivers Report® reveals the safest and riskiest driving cities
The 2025 Allstate America's Best Drivers Report reveals that Texas leads the nation in safe driving, with four cities in the top 20, including Brownsville, which reclaims its title as the safest driving city in America. Meanwhile, Boston is once again the most collision-prone city in the nation, where drivers are nearly 3.5 times as likely to be in a collision compared to the national average.
“No matter where you drive, the best way to protect yourself and others is simple: buckle up, stay focused and slow down,” said Sandee Lindorfer, vice president of auto claims at Allstate.
First launched in 2005, this year's Allstate America's Best Drivers Report revisits collision data published a decade ago to reveal surprising shifts in driving safety across the country, just as Americans prepare for another busy summer on the roads. SEE REPORT
Commentary/Opinion
The Hidden Costs of Standing Still | Insurance Thought Leadership
Remember flip phones? They could make calls, send texts (if you were patient) and maybe took a blurry photo or two. Back then, they felt like cutting-edge tech, and for a while, they got the job done. But imagine trading your iPhone for one of those old Nokias today. Good luck ordering an Uber, paying for coffee or getting to your next meeting without a printed paper map.
That's exactly what it's like when insurance companies cling to outdated legacy systems.
Sure, those platforms might still "work," in the most technical sense, but they weren't built for today's speed, scale or customer expectations. Just like a flip phone in a smartphone world, legacy systems slow you down, frustrate your users, and make it harder to keep up, let alone get ahead.
OUTDATED TECH, REAL-WORLD CONSEQUENCES
And that's not a hypothetical problem; 74% of insurers are still running on legacy systems, and the consequences are stacking up fast.
Legacy systems are one of the leading causes of customer dissatisfaction in the insurance industry today. These systems slow insurers' ability to deliver the kind of seamless, digital-first experience customers expect, especially younger, tech-savvy ones who compare every interaction against Amazon or Apple.
And the risks go way beyond frustration. In 2021, CNA Financial was hit with a ransomware attack that shut down systems, exposed sensitive customer data, and reportedly cost them $40 million in ransom.
Ewa May, Input1 vice president of operations
AI in Insurance
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry.
The 10-year prohibition of AI regulation is contained within the sweeping tax bill, “One Big Beautiful Bill,” and would preempt laws and regulations already in place in dozens of states. FULL ARTICLE
'Connected' Headline of the Day
The Juneteenth Story: Celebrating the End of Slavery in the United States
On June 19, 1865—more than two years after President Lincoln’s Emancipation Proclamation—the enslaved people of Texas first learned of their freedom.
That day became a day of remembrance and celebration that changed and grew from year to year. Learn about the events that led to emancipation and why it took so long for the enslaved people in Texas to hear the news. The first Juneteenth began as “Jubilee Day,” where families celebrated and learned of their new rights as citizens. As Black Texans moved to other parts of the country, they brought their traditions along with them, and Juneteenth continued to grow and develop. With colorful illustrations and a timeline, this introductory history of Juneteenth for children details the evolution of the holiday commemorating the date the enslaved people of Texas first learned of their freedom.
Anti-Defamation League
Announcements
LexisNexis Risk Solutions Launches Location Intelligence: A First-of-Its-Kind Underwriting Solution for U.S. Commercial Property Risk Assessment
LexisNexis® Risk Solutions today announced the launch of LexisNexis® Location Intelligence for Commercial, a next-generation commercial property risk assessment solution that sets a new standard for more precise, automated and predictive modeling power in the U.S. commercial insurance sector at underwriting and renewal.
As severe weather events continue to escalate in frequency and severity – driving more than 65% of all U.S. property losses, commercial insurers face mounting challenges in underwriting, pricing and portfolio management. Location Intelligence for Commercial helps commercial insurance carriers better assess and spotlight property risks that are highly indicative of loss propensity.
To address these blind spots in today's commercial underwriting processes, Location Intelligence for Commercial helps deliver insights using a holistic approach that combines industry loss data that is highly indicative of future loss, weather forensics and granular property characteristics into a suite of predictive modeling risk scores and supporting attributes. The patent-pending solution then adds proprietary claims information and neural network-driven risk propensity models to deliver actionable, future-focused insights directly into commercial insurance carrier workflows for a more detailed and accurate view of commercial property risk.
"As opposed to conventional sources of information from basic weather data, roof age and aerial imagery, LexisNexis Location Intelligence represents a new standard for commercial property risk assessment that helps give insurers the actionable intelligence they need for a fuller and more granular view of risk coupled with workflow automation they can actually leverage," said David Zona, senior vice president, commercial insurance, LexisNexis Risk Solutions. "With Location Intelligence, they can better assess risk, such as which 10% of the properties in their book could generate a third of their property losses. This can put them in a unique position to be a customer service leader, proactively working with their customers on risk mitigation and resilience efforts."
News
Q1'25 property claims hit five-year low despite severe weather: Verisk - Reinsurance News
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions.
The quarter ended with a total of 1,059,323 claims, comprising 700,394 non-catastrophe (non-CAT) claims—the lowest in five years—and 358,929 catastrophe (CAT) claims.
Overall claim volume dropped about 7% from the same period last year, which had already seen a 15% decline from 2023. Last year’s decrease was largely driven by a 28% drop in catastrophe claims, while this year’s reduction came from a decline in non-CAT claims, with CAT claims remaining steady.
Texas led the country in Q1 claim volume, primarily due to wind and hail events. These accounted for 95% of all CAT claims and 72% of total claims in the state. California ranked second, with non-CAT water claims making up 29% of its total, while CAT fire, wind, and smoke claims—mainly from wind-driven wildfires—represented 33%.
Most of California’s non-CAT water claims stemmed from two winter weather events in early January and early February.
Financial Results
Progressive Corporation's May Surge: A Triumph of Underwriting Discipline and Strategic Growth
Progressive Corporation (PGR) delivered a stunning May 2025 earnings report, showcasing a 353% surge in net income to $1.065 billion, a 13.5-point drop in its combined ratio to 86.9%, and 16% policy growth, all of which signal a transformative shift in its financial health.
These results are not merely a blip but the culmination of disciplined underwriting, pricing power, and a scalable business model that positions PGR as a standout in the insurance sector.
Legal System Abuse/Social Inflation
Tyson & Mendes Unveils "The Apex"--A Groundbreaking Strategy to Stop Nuclear Verdicts® and Announces Publication Date for Highly Anticipated Second Book
National insurance defense firm Tyson & Mendes, LLP announced today the launch of a groundbreaking new litigation and trial strategy along with the publication date for the firm's highly-anticipated second book, Nuclear Verdicts®: The Apex – Break the Pattern.
The new strategy, aptly called The Apex, was designed to combat the rise of outsized and unjust Nuclear Verdicts® and usher in a new era of insurance defense. Drawing on more than two decades of success in the courtroom as well as the data-driven analysis into the pattern of Nuclear Verdicts® that serves as the basis for the forthcoming book, The Apex represents not only a significant evolution in the firm's approach to defending high-stakes cases, but a blueprint for success for the insurance defense industry as a whole.
The new book, Nuclear Verdicts®: The Apex – Break the Pattern is due out this fall, with the formal launch set to occur on October 22, 2025. Authored by Founding Partner Robert F. Tyson, Jr. and National Managing Partner Cayce Lynch, the book is a data-driven analysis into 100 Nuclear Verdicts® and is the sequel to Tyson's number one Amazon bestseller, Nuclear Verdicts: Defending Justice for All.
Lynch shared, "To answer the question of what is actually happening in courtrooms where Nuclear Verdicts® are delivered, we conducted a line-by-line analysis into hundreds of thousands of pages of trial transcripts and closing argument transcripts from Nuclear Verdicts® across the country. That analysis revealed clear patterns – both in how plaintiffs' counsel are trying their cases, and how the defense is responding."
Tyson added, "The insurance defense industry is notoriously slow to adapt, and the data we've analyzed bears that out. The good news is that we know what works. If there's a pattern, we can break it. But it will take a proactive response from the defense and a proven Method, which we have."
Embedded Insurance
TAL partners with Cover Genius for life insurance product
Dubbed backd by TAL, the new offering will target part-time workers, contractors and casual employees.
Australian life insurer TAL has teamed up with insurtech company Cover Genius to introduce a new embedded life insurance product in Australia.
Dubbed backd by TAL, the new offering will target a market segment comprising part-time workers, contractors and casual employees.
The product capitalises on Cover Genius’ expertise in digital distribution and TAL’s life insurance knowledge to provide insurance through platforms already used by Australians.
MORE://www.lifeinsuranceinternational.com/news/tal-cover-genius-life-insurance/
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