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Archives for the Tag: safety

Does An Autonomous Future Mean Trouble For Insurance Companies

Posted by admin on February 9th, 2016 in Category Auto Industry, Blog News, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

Autonomous driving opens possibilities of fewer accidents and increased safety, while that’s great for the drivers, it might not be quite so good for others.

Fewer accidents will, according to a recent report, turn the entire auto insurance industry on its head.

“We think that over the next 20 to 25 years, the number of accidents will fall by 80 percent,” said Jerry Albright, principal of actuarial and insurance risk practice at KPMG, the consulting firm that released the report. “From a consumer perspective, this is a very good thing. You’ll see improved safety, fewer deaths.”

At Progressive’s investor relations meeting in 2013, John Curtiss, the company’s auto products development chief, said the industry had grown 90 percent over the previous 30 years, mostly because more vehicles were on the road. More recently, Mr. Albright said that most insurance companies had problems turning a profit over the last six years and that the changes autonomous vehicles would bring were sure to make profitability more elusive.

At risk is the lifeblood of the industry — $200 billion in premiums that the insurers collect every year from policyholders, KPMG says.

According to KPMG’s report, the insurance industry could contract by as much as 60 percent by 2040 as accident damage payouts and premiums fall.

To Read More Click Here

Old Car? No Problem, You Can Be Safe

Posted by admin on October 4th, 2015 in Category Auto Industry, Blog News, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

When driving to and from work everyday you want to know that your car will keep you as safe as possible, now since we can add new technology to older versions of cars there is no reason to worry.

The rearview camera is one of the most popular of a growing list of add-on devices and services that promise to bring modern features to aging jalopies.

“Lane departure and collision warning, pedestrian warnings, high-beam control and traffic sign recognition — all of those can be retrofitted in a customer’s car,” said Elad Serfaty, a vice president at Mobileye, whose technology is built into a variety of vehicles from BMW, Volvo and other carmakers that offer collision detection and prevention.

A warning and monitoring system that can be added to older vehicles, like the Mobileye 660, costs roughly $1,000 including a professional installation, Mr. Serfaty said, but he pointed out that the benefits could outweigh the costs. A Highway Loss Data Institute study of Honda Accords and Crosstours equipped with lane departure and forward collision warnings, for example, found a 14 percent reduction in damage claims compared with models without the systems.

To Read More Click Here

Texting and Driving is an Addiction

Posted by admin on December 18th, 2014 in Category Auto Industry (no responses)

So many drivers know the dangers of texting and driving but continue to do it. The only way to describe this nearly irresistible urge to respond to a text message, even while driving is as compulsion — even addiction, an expert said.

“We compulsively check our phones because every time we get an update through text, email or social media, we experience an elevation of dopamine, which is a neurochemical in the brain that makes us feel happy,” said David Greenfield, an expert on “technology addiction.”

Besides the danger of texting while driving, could you benefit from going on a “digital diet?” Here’s a link to a test on Greenfield’s Center for Internet and Technology Addiction web site.

The site says more than three or four “yes” answers out of 12 questions indicate “digital distraction.” (I scored 10 out of 12. Honestly, it probably should have been 11 out of 12.)
AT&T ItCanWait campaign

AT&T ItCanWait campaign

Earlier this month, AT&T released a study Greenfield conducted earlier this year. Not for nothing, AT&T is using the study to promote its new DriveMode app, and a public-service campaign called ItCanWait. DriveMode turns on automatically when the phone moves faster than 15 mph, and turns off again after stopping.

The app silences incoming text message alerts, and automatically responds to incoming text messages, so the sender knows the text recipient is driving.

Read the full story here.