EarthSearch Communications Encourages Usage-Based Insurance System via AUTOSEARCH GPS Device At No Cost To Insurers
When EarthSearch Communications (ESC) launches AutoSearch this month in the US, the focus will be on insurers, commercial fleets and the automotive industry.
After successful tests and pacts with automakers and telecommunications companies in South America, EarthSearch will approach the US insurance industry with a revolutionary program that offers their premiere GPS product AutoSearch at no cost.
In earlier attempts to use GPS technology for determining a usage-based rating system, by monitoring a driver's driving behavior then gauging risk, some auto insurance industry pioneers of the system found that their use of GPS technology failed due to "? prohibitive costs, complex production and device installation..."
EarthSearch plans to eliminate those barriers by facilitating a program that allows insurers to promote the installation of the AutoSearch device free of charge to its customers with the acceptance of a monthly service charge to be paid by the insured.
The AutoSearch installation process takes only 45 minutes for those cars that are not already equipped with the technology.
According to Chairman/CEO Kay Aladesuyi, "By adopting the AutoSearch product, insurers can develop a Mutual Interest Relationship with their clients and set their product apart from the pack, by offering a variety of benefits including reduced risk of car theft, increased safety, and reduced premiums; all while encouraging safer driving behavior and clean driving records.
Insurers benefit with up-to-the-minute usage stats, decreased fraudulent claims, improved underwriting guidelines and enhanced revenue and profits.
Eventually this product can level the playing field for all insured individuals because rates will be based solely on usage, not gender, your neighborhood or the time of usage "For insurers the ability to reduce fraudulent claims and recover stolen vehicles quickly, means less pay out and increased profit.
Leaner and more underwriting data can increase revenue. For example, data from the vehicle history and impact records can help determine who is at fault if a car rear ends another. Velocity if negative tells which car was moving backwards, positive velocity tells a different story, thereby taking the risk out of determining who is at fault and who should pay.
Vehicle history and impact data also verifies a driver's claim to have been involved in an accident at a particular time and location. Ignition detection can provide data on whether a vehicle was driven with a key or hotwired.
If hotwired it will be caught by the AutoSearch 3D Geo Fence feature.
Overall, the device offers benefits to the insurer and security for the insured. AutoSearch can be customized to access information such as diagnostics, speeding, and vehicle location through the Internet, by phone or PDA.
Stolen vehicles can be remotely disabled for recovery. AutoSearch can be manipulated to meet the demands of small and large fleets, individual use, in addition to other equipment and personal assets such as boats. Its return on investment can be calculated by increased productivity, improved consumer satisfaction and loyalty, extended life of mobile assets, reduced theft and damage and decreased insurance costs.EarthSearch will be the first in the US to offer the breakthrough 3D Geo Fencing technology.
3D Geo Fencing provides the shortest theft detection radius on the market today--10-feet in any direction?up, down, backwards and forward.
Other features offered by AutoSearch include vehicle route tracking, navigation capabilities, panic buttons for emergency support, remote alarm devices that detect unauthorized drivers and disconnect batteries, real-time start/stop logging, and mileage and hour counters to monitor engine use.
To date the AutoSearch device has been successfully marketed to Volkswagen, Renault, Telecom Italia Mobile, Mercedes Benz, and Claro in South America.
ESC is a privately held company based in Atlanta, GA, with fleet management and PR divisions in the US, Curitiba and Sao Paulo, Brazil; and a market development office for its UK operation. EarthSearch Technologies, a research & development office in New York City, is currently developing proprietary software products that will facilitate location-based billing solutions. ESC is scheduled to launch this fall 2004. The company will offer the most advanced application of Location Based Solution technology on the market for Mobile Asset and Fleet Management operation.
For more information visit www.earthsearch.us, or contact Karen Glover at SingleSource Consulting 718-941-5049 or e-mail protected from spam bots..
Continental Warranty's Consumer-Direct Extended Auto Warranty Service Offers Comprehensive Coverage at Wholesale Prices
(ContentDesk via ContentDesk Direct) July 18, 2006 -- Continental Warranty, one of the nations leading consumer-direct warranty companies, offers comprehensive extended auto warranty coverage for new and used vehicles at wholesale prices. By maintaining a large network of reputable insurance underwriters, Continental Warranty is able to cut out the middleman and sell extended auto warranty policies directly to consumers at tremendous savings over dealerships.For consumers looking to protect the longevity and mechanical soundness of their vehicle, purchasing an extended auto warranty is one of the best investments they can make. Unlike manufacturer warranties, which can only provide coverage for the first few years of the cars life,...
Continental Warranty's Consumer-Direct Extended Auto Warranty Service Offers Comprehensive Coverage at Wholesale Prices
Health insurance > Continental Warranty's Consumer-Direct Extended Auto Warranty Service Offers Comprehensive Coverage at Wholesale Prices
Eleven Money-Saving Auto Insurance Tips for Senior Drivers
Like all drivers, senior citizens (or as I like to call them "seasoned citizens") want to get the best rates on their auto insurance policies. What they may not be aware of is that older drivers may present a higher risk than other drivers, usually leading to higher auto insurance rates. Following a few simple tips and taking these measures will ensure that you are getting the lowest rates possible on your auto insurance policy. 1. Avoid more Accidents, Pay Close Attention at Intersections.
Auto accidents involving seniors often occur at intersections. Make sure to look ahead if you plan to quickly change lanes after an intersection.
Pay attention to protected left turn lanes with their own arrows, and always keep your tires pointed straight ahead when stopped, so that a rear-end accident doesn't push you into oncoming traffic. 2. Follow the flow of traffic, Drive at the at or near the speed limit.
Driving too slowly can be just as dangerous as speeding, especially...
Eleven Money-Saving Auto Insurance Tips for Senior Drivers
Health insurance > Eleven Money-Saving Auto Insurance Tips for Senior Drivers
Strong Revenue Gains for Selected Food Service Firms Signal Premium Audit Potential for Insurers
For certain sectors of the US hospitality industry, strong sales growth experienced between 1999 and 2003 offers insurance companies writing these business classes an opportunity for enhanced premium audit income, according to information released by MarketStance.MarketStance, the business information, insurance statistics and analytical services firm that specializes in the US insurance industry, reports that nationally stronger-than-average sales growth during the four years ending 2003 was experienced by ice cream, soft serve and frozen yogurt shops, along with bagel and coffee shops. The selected business classes experienced double-digit sales growth, ranging from 11% to 14%, while the number of new firms grew only modestly. Such business trends suggest that insurers underwriting these firms may find value in adjusting their premium audit activities and renewal/exposure estimates accordingly. Caterers and Casino Hotels also experienced strong sales growth of between 6% and 14% during...
Strong Revenue Gains for Selected Food Service Firms Signal Premium Audit Potential for Insurers
Health insurance > Strong Revenue Gains for Selected Food Service Firms Signal Premium Audit Potential for Insurers
Health Enterprises Introduces Three Innovative First Aid Products
Health Enterprises, Inc. a leading manufacturer of niche health care products is pleased to announce the introduction of three new and innovative first aid products (Finger Buddies, Finger Injury System, Universal Splint) for the treatment of finger injuries.????The Finger Buddies offer consumers a better way to ?buddy-tape' injured fingers.
The Finger Buddies help protect and support jams and sprains that do not require a finger splint.
In comparison to tape the Finger Buddies are easy-to-use, adjustable, reusable, and comfortable.
The Finger Injury System is the only product that treats the two stages of finger injuries.
In Stage#1 a custom designed finger gel pack provides cold therapy to reduce swelling and relieve pain.
In Stage#2 a comfort splint protects the recovering finger while immobilization is needed.
Additionally, the finger gel pack can be warmed to provide targeted relief for arthritic fingers.
The Universal...
Health insurance > Health Enterprises Introduces Three Innovative First Aid Products
Health Enterprises Introduces Three Innovative First Aid Products
Health Enterprises, Inc. a leading manufacturer of niche health care products is pleased to announce the introduction of three new and innovative first aid products (Finger Buddies, Finger Injury System, Universal Splint) for the treatment of finger injuries.????The Finger Buddies offer consumers a better way to ?buddy-tape' injured fingers.
The Finger Buddies help protect and support jams and sprains that do not require a finger splint.
In comparison to tape the Finger Buddies are easy-to-use, adjustable, reusable, and comfortable.
The Finger Injury System is the only product that treats the two stages of finger injuries.
In Stage#1 a custom designed finger gel pack provides cold therapy to reduce swelling and relieve pain.
In Stage#2 a comfort splint protects the recovering finger while immobilization is needed.
Additionally, the finger gel pack can be warmed to provide targeted relief for arthritic fingers.
The Universal...
Health insurance > Health Enterprises Introduces Three Innovative First Aid Products