GM Financial announced its OnStar Insurance brand will be renamed General Motors Insurance. “Shifting to the GM Insurance name and branding will drive increased product awareness and understanding among GM customers and allows us to better reach these customers at key milestones in the vehicle ownership life cycle, ultimately providing an auto insurance product that […]
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GM Plans $6 Billion Revenue Goal for OnStar Insurance by 2030
Vehicle manufacturer details goals to market insurance products and transform claims and parts procurement through its ecosystem of dealers and certified repair facilities. General Motors Co. (NYSE: GM) provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030, as a result […]
General Motors Returns to Auto Insurance Business with OnStar Insurance
Vehicle manufacturer seeks to transform auto insurance new digital insurance experience with partner American Family. General Motors announced it was returning to the auto insurance business after more than a decade absence with the launch of Onstar Insurance. GM’s new insurance agency, OnStar Insurance Services, will be the exclusive agent for OnStar Insurance and the […]
Conning Report Says Auto Insurance Ripe for Disruption as Vehicle Manufacturers Enter Business
Investment management company sees opportunities for manufacturers in $179 billion personal auto insurance market. Conning, the investment management firm serving the insurance industry, says in a new report that embedded insurance, through which insurance products are distributed by non-insurance brands, could make significant inroads into both personal lines and small commercial insurance business, exceeding $70 […]
Toyota Auto Insurance Launches in Five States
Underwritten by Farmers Insurance affiliate, the program is the first branded product from vehicle manufacturer’s exclusive insurance agency. Plans expansion into four additional states. Toyota Insurance Management Solutions (TIMS) has established its first branded product, Toyota Auto Insurance, designed to offer customers quality, customizable coverage at affordable rates. Toyota Auto Insurance is currently available in […]
Hyundai Joins the Verisk Usage-Based Insurance Data Exchange
Joins General Motors and Honda, increasing reach of the exchange to 32 percent of U.S. auto market. Verisk (Nasdaq:VRSK), the data analytics provider, announced that Hyundai Motor America has signed an exclusive agreement to join the Verisk Data Exchange. As a participating automaker, Hyundai will supply Verisk with driving data from its consenting connected car […]
Interview: Jason Moseley, CEO of IBIS
Moseley details collision repair industry trends examined at International Bodyshop Industry Symposium events in the U.S. and around the world. The International Bodyshop Industry Symposium (IBIS), founded 23 years ago, has grown from a single global conference held annually in Europe to include five additional regional events that providing a unique international perspective on the […]
Texas Attorney General Sues General Motors Over Collection and Sale of Driving Data
Lawsuit alleges vehicle manufacturer deceived consumers on data collection and profited by the sale of data to insurers and third-parties. Texas Attorney General Ken Paxton sued General Motors for its false, deceptive, and misleading business practices related to what the Attorney General alleges is unlawful collection and sale of over 1.5 million Texans’ private driving […]
Interview: John Eck, General Motors
Eck discusses details of General Motors Collision Repair Network and how it is designed to improve the quality and safety of collision repairs. In August, General Motors officially announced that enrollment was open for its long anticipated collision repair network. While the vehicle manufacturer has had vehicle specific certification programs in the past, including for […]
GM Launches Car-Sharing Service
General Motors announced today a new car-sharing service called Maven, which combines and expands the company’s multiple programs under one single brand. Maven’s mission is to give customers access to highly personalized, on-demand mobility services. The global Maven team includes more than 40 employees from the connected car technology industry as well as ride- and […]