Michigan Takes on PIP

Michigan’s No Fault Personal Injury Protection coverage was launched 45 years ago to reduce lawsuits and lower insurance premiums. As auto insurance premiums continued to skyrocket Michigan to the highest auto premium cost in the United States, the public has continued to rally for change. But what does change look like? How can decades of … Read more

An Innovation Sandbox?

When we talk about innovation in insurance, the issue of insurance regulation inevitably comes up. Few industries face the scrutiny and oversight that is present in insurance. What if those barriers were lifted to make room for experimentation? On May 20, 2019, Kentucky passed legislation to do just that. The newly created Insurance Innovation Sandbox … Read more

A Tesla Insurance Policy?

Meet Tesla – your new insurance company! If you live in California, you may soon get the chance to try out Tesla’s latest innovation: insurance. The 4,037 page auto filing has now been approved by the CA Insurance Commissioner. This milestone helps move Tesla toward a policy offering which “will be much more compelling than … Read more

Conversations at OnRamp 2019

  What technology can best help the industry move forward? How can InsurTechs succeed? What issues should we be considering for both the potential and the risk of AI? In this episode of The Insurance Nerdery we chat with carrier and InsurTech leaders about industry trends, AI, customer experience, and the talent gap. And why … Read more

Innovate or Die

https://youtu.be/h-LDBSh2WC8 Innovation and disruption is the hot topic at hundreds of insurance conferences around the world. And now it’s starring in its very own rating proposal. On March 14, 2019, insurance rating agency AM Best released a draft of a proposal to include innovation as a factor in its rating score. In this episode of … Read more