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Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions

Article 0 Comments Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles operating on the company’s fifth-generation automated driving system software, the company said. Waymo has over 1,500 vehicles on the road across San Francisco, Los Angeles, Phoenix and Austin, Texas, and is running more than 250,000 fully autonomous paid rides a week. It plans to add service in Atlanta, Miami and Washington, D.C. Waymo said it was aware of 16 collisions with chains, gates and other barriers between 2022 and late 2024. But the incidents did not result in any injuries, according to a report filed with the National Highway Traffic Safety Administration. NHTSA opened an investigation into the performance of Waymo self-driving vehicles in May 2024 after reports of its robotaxis exhibiting driving behavior that potentially violated traffic safety laws. The agency said several incidents under investigation “involved collisions with clearly visible objects that a competent driver would be expected to avoid.” The investigation remains open. The issue has been resolved with a software update to its...

Dream Payments launches Insurance Payment Network Across North America 0

Dream Payments launches Insurance Payment Network Across North America

Insurers can now collect and disburse payments across the U.S. and Canada through a single payments platform, the DreamPay Insurance Payment Hub, leveraging J.P. Morgan Payments’ capabilities Toronto, ON (May 1, 2025) – Dream Payments is pleased to announce it has launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating seamlessly across North America, leveraging J.P. Morgan Payments’ capabilities. For the first time, insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital or physical methods, all in one platform. A Network That Reaches Everyone, Everywhere With the DreamPay Insurance Payment Hub, insurers now gain access to the most expansive insurance payment network on the continent. The platform connects to over 350 million individuals and more than 30 million businesses across North America. From policyholders in Toronto to service providers in San Francisco, insurers can initiate and receive payments across every relevant rail — from real-time payments and ACH in the U.S., to EFT and cheques in Canada — and even reach any address on the continent for physical check delivery. Purpose-Built for Insurance Carriers Insurers aren’t just looking for a...

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12 Cities Where It Takes the Most Income to Be Middle Class

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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Judge Recommends Approving 17% State Farm Rate Hike in California

Article 0 Comments It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval of State Farm interim rate hike on Monday. California Insurance Commissioner Ricardo Lara still must make the final approval. Specifically, State Farm’s non-tenant HO-3 line would get a 17% increase, a 15% increase in its renter/condo line and a 38% increase in rental dwelling, while the carrier committed to refraining from a new round of nonrenewals through the end of 2025. The agreement also stipulates that parent company State Farm Mutual will make a $400 million capital infusion into State Farm. Related: In The Wake of Devastating LA Fires, Residents Begin to Rebuild The interim rates remain temporary, and are subject to a full hearing process. S&P Global Ratings on Tuesday lowered its financial strength and issuer credit ratings on State Farm General Insurance Co. to ‘A+’ from ‘AA’. The ratings remain on CreditWatch with negative implications, according to an announcement from S&P. “The rating action indicates uncertainties related to capital support from the State Farm group,...

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These 10 States Are Most Vulnerable to a Recession, Study Finds

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

The Innovations Shaping Insurance in the Age of A.I.: Tech Trend Radar 2025 0

The Innovations Shaping Insurance in the Age of A.I.: Tech Trend Radar 2025

The Tech Trend Radar 2025 report from Munich Re & ERGO provides an overview of emerging technology trends that may shape the future of insurance, structured around five key areas: Data & AI, Human Health, Connected Experience, Cyber & Crypto, and Redefining Industries Morristown, NJ (May 5, 2025) – Which innovations will shape insurance in 2025? Discover the game-changers in the Tech Trend Radar 2025 report — your guide to the technologies that matter, developed by experts from Munich Re and ERGO to identify and assess the most relevant insurance technology trends for the upcoming year. Created by insurers for insurers, the Tech Trend Radar 2025 aims to sharpen awareness, steer discussion and initiate new business opportunities that appeal to all insurance clients. The trends include a brief description, associated opportunities and risks, and selected use cases. Curious about all digital trends and solutions in insurance industry? Access the Tech Trend Radar 2025 report. Insurance in the age of AI What technological innovations will shape the insurance industry in 2025? How will AI Agents, Spatial Intelligence, and Digital Healthcare affect our industry? What opportunities and challenges do new technologies bring in the areas Autonomous Interactions, Deepfake Defence, and AI Search...

Roadzen Partners with Leading Telematics Provider to Launch Connected Vehicle Protection in the UK 0

Roadzen Partners with Leading Telematics Provider to Launch Connected Vehicle Protection in the UK

New York, NY (May 6, 2025) – Roadzen Inc., a global leader in AI at the intersection of insurance and mobility, is pleased to announce that its wholly owned UK-based subsidiary, Global Insurance Management Limited (GIM), has partnered with one of the world’s largest telematics providers to deliver an integrated, technology-led vehicle protection solution for the UK automotive retail and finance markets. The new solution combines real-time telematics-enabled asset tracking with Guaranteed Asset Protection (GAP) insurance. Designed for seamless integration into both auto dealership showrooms and online OEM sales channels, the bundled product offers vehicle owners theft deterrence, real-time monitoring, and financial protection—all through a single, digital-first platform powered by Roadzen’s Global Dealer Network (GDN) platform. With dealership clients already onboarding, Roadzen believes that the partnership is poised to generate seven-figure revenues annually. The strategic three-year partnership leverages GIM’s digital insurance distribution with the telematics partner’s best-in-class connected vehicle security technology, already deployed by more than 30 global vehicle manufacturers—including each of the top 10 OEMs—as well as major fleet operators across industries. It directly addresses a growing challenge in the UK, where rising vehicle theft is driving insurance premiums higher. The UK motor insurance market exceeds £17 billion annually,...

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10 Mistakes That Erode Relationships

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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Report Describes Final Moments of Plane Crash That Killed Massachusetts Family

Article 0 Comments Federal investigators are outlining the final moments of a plane crash last month in upstate New York that killed a family from Massachusetts heading to the Catskills to celebrate a birthday and the Passover holiday. The victims of the April 12 crash in Copake, New York, included Karenna Groff, a former MIT soccer player named the 2022 NCAA woman of the year; her physician parents, Dr. Michael Groff and Dr. Joy Saini; her brother, Jared Groff, and his partner, Alexia Couyutas Duarte; and Karenna Groff’s boyfriend, James Santoro. The National Transportation Safety Board, in a preliminary report issued Friday, said the private plane departed Westchester County Airport in White Plains, New York, at around 11:30 a.m. heading north to Columbia County Airport in Hudson. Piloted by Michael Groff, the plane had left the Boston suburbs early Saturday morning, picking up Karenna Groff and Santoro in White Plains before making the short trip to the Catskills to celebrate Karenna Goff’s 25th birthday. But at about 11:57 a.m., Michael Groff informed air traffic control that he’d missed the initial approach to the runway at Columbia County Airport, according to the report. The controller then gave him new instructions for...

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6 Keys to Keeping the Relationship When Your Client Dies

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.