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Usage Based Insurance
Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place. This differs from traditional insurance, which attempts to differentiate and reward "safe" drivers, giving them lower premiums and/or a no-claims bonus. However, conventional differentiation is a reflection of history rather than present patterns of behaviour. This means that it may take a long time before safer (or more reckless) patterns of driving and changes in lifestyle feed through into premiums. Concept The simplest form of usage-based insurance bases the insurance costs simply on distance driven. However, the general concept of ''pay as you drive'' includes any scheme where the insurance costs may depend not just on how much you drive but how, where, and when one drives. Pay as you drive (PAYD) means that the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vehicle Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. History Widespread use of the motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This meant that injured victims would rarely get a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toyota
is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. The company was originally founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Type A engine in 1934 and its first passenger car in 1936, the Toyota AA. After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which would give rise to The Toyota Way (a management philosophy) and the Toyota Production System (a lean manufacturing practice) that would transform the small company into a leader in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peer To Patent
The Peer To Patent project is an initiative that seeks to assist patent offices in improving patent quality by gathering public input in a structured, productive manner. Peer To Patent is the first social-software project directly linked to decision-making by the federal government. An initial pilot project in collaboration with the United States Patent and Trademark Office (USPTO) was completed June 15, 2009. That pilot examined more than 220 patent applications in the fields of software and business methods. The Peer To Patent project has issued two anniversary reports from the initial pilot ( and), and a final report from the initial pilot is pending. Following the conclusion of the initial pilot the USPTO undertook an evaluation of Peer To Patent assisted by students from Worcester Polytechnic Institute. That evaluation concluded that the program had merit and should be continued. On October 19, 2010, the USPTO and New York Law School jointly announced a new pilot program c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texting While Driving
Texting while driving, also called texting and driving, is the act of composing, sending, or reading text messages on a mobile phone while operating a motor vehicle. Texting while driving is considered extremely dangerous by many people, including authorities, and in some places has either been outlawed or restricted. As a form of distracted driving, texting while driving significantly increases the chances that a driver will be involved in a motor vehicle accident. Prevalence Research by the NHTSA suggested that an estimated 660,000 drivers out of almost 212 million licensed drivers used their phones at any given daylight moment in the U.S. during driving in 2011. According to a report issued by the U.S. Department of Transportation, drivers between the ages of 20 to 29 are the most likely to text while driving. The International Telecommunication Union states that "texting, making calls, and other interaction with in-vehicle information and communication systems while driving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drunk Driving
Drunk driving (or drink-driving in British English) is the act of driving under the influence of alcohol. A small increase in the blood alcohol content increases the relative risk of a motor vehicle crash. In the United States, alcohol is involved in 30% of all traffic fatalities. Effects of alcohol on cognitive processes Alcohol has a very significant effect on the functions of the body which are vital to driving and being able to function. Alcohol is a depressant, which mainly affects the function of the brain. Alcohol first affects the most vital components of the brain and "when the brain cortex is released from its functions of integrating and control, processes related to judgment and behavior occur in a disorganized fashion and the proper operation of behavioral tasks becomes disrupted." Alcohol weakens a variety of skills that are necessary to perform everyday tasks. One of the main effects of alcohol is severely impairing a person's ability to shift attention fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distracted Driving
Distracted driving is the act of driving while engaging in other activities which distract the driver's attention away from the road. Distractions are shown to compromise the safety of the driver, passengers, pedestrians, and people in other vehicles. Cellular device use while behind the wheel is one of the most common forms of distracted driving. According to the United States Department of Transportation, "texting while driving creates a crash risk 23 times higher than driving while not distracted." Studies and polls regularly find that over 30% of United States drivers had recently texted and driven. Distracted driving is particularly common among, but not exclusive to, younger drivers. Types of distractions Distractions while driving can be separated into three distinct groups: visual, manual, and cognitive. Visual distractions involve taking one's eyes off the road, such as looking at a GPS system, looking at roadside billboards, or checking a child's seat belt in the rear v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OBDII
On-board diagnostics (OBD) is a term referring to a vehicle's self-diagnostic and reporting capability. OBD systems give the vehicle owner or repair technician access to the status of the various vehicle sub-systems. The amount of diagnostic information available via OBD has varied widely since its introduction in the early 1980s versions of on-board vehicle computers. Early versions of OBD would simply illuminate a malfunction indicator light (MIL) or "idiot light" if a problem was detected, but would not provide any information as to the nature of the problem. Modern OBD implementations use a standardized digital communications port to provide real-time data in addition to a standardized series of diagnostic trouble codes, or DTCs, which allow a person to rapidly identify and remedy malfunctions within the vehicle. History * 1968: Volkswagen introduces the first on-board computer system, in their fuel-injected Type 3 models. This system is entirely analog with no diagnos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Declaratory Judgment
A declaratory judgment, also called a declaration, is the legal determination of a court that resolves legal uncertainty for the litigants. It is a form of legally binding preventive by which a party involved in an actual or possible legal matter can ask a court to conclusively rule on and affirm the rights, duties, or obligations of one or more parties in a civil dispute (subject to any appeal). The declaratory judgment is generally considered a statutory remedy and not an equitable remedy in the United States, and is thus not subject to equitable requirements, though there are analogies that can be found in the remedies granted by courts of equity.''Samuels v. Mackell'', 401 U.S. 66, 70 (1971) (“Although the declaratory judgment sought by the plaintiffs was a statutory remedy rather than a traditional form of equitable relief, the Court made clear that a suit for declaratory judgment was nevertheless ‘essentially an equitable cause of action,’ and was ‘analogous to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberty Mutual
Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. It ranks 71st on the Fortune 100 list of largest corporations in the United States based on 2020 revenue. Based in Boston, Massachusetts, and featuring the Statue of Liberty (formally ''Liberty Enlightening the World'') on its logo, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2021, Liberty Mutual Insurance had $156.043 billion in consolidated assets, $128.195 billion in consolidated liabilities and $48.2 billion in annual consolidated revenue. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers' compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire insurance and surety. Liberty Mutual Group owns, wholly or in part, local insurance comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Auto Insurance
The Progressive Corporation is an American insurance company, the third largest insurance carrier and the No. 1 commercial auto insurer in the United States. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield Village, Ohio. The company insures passenger vehicles, motorcycles, RVs, trailers, boats, PWC, and commercial vehicles. Progressive also provides home, life, pet, and other insurance through select companies. Progressive has expanded internationally as well, offering auto insurance in Australia. The company is ranked No. 74 on the 2021 Fortune 500 list of the top American corporations. History Progressive was formed in 1937 by Joseph Lewis and Jack Green as Progressive Insurance Company. In 1956, the company found a niche by insuring more risky drivers. In 1965, Peter B. Lewis, son of Joseph Lewis, and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AIOI Insurance Company
Aioi (相生) is a Japanese surname that has also been used as a place name. Places Aioi may refer to the following places in Japan: *Aioi, Tokushima (相生町 Aioi-chō), the former name of a town located in Naka District, Tokushima *Aioi, Hyōgo (相生市 Aioi-shi)), a city located in Hyōgo Prefecture *Aioi Bridge (相生橋 Aioi hashi), a "T"-shaped bridge located in the center of Hiroshima Train stations Aioi or Aioi Station (相生駅) may also refer to one of several railway stations in Japan: * Aioi Station (Gifu), located in Gujō, Gifu Prefecture * Aioi Station (Gunma), located in Kiryū, Gunma Prefecture * Aioi Station (Hyogo), located in Aioi, Hyōgo, Hyōgo Prefecture * Nishi-Aioi Station, also located in Hyōgo Prefecture * Sanuki-Aioi Station, located in Higashikagawa, Kagawa Prefecture People Aioi may also refer to: * Chieko Aioi (相生 千恵子), Japanese actress and voice actress * Takahide Aioi (相生高秀), an ace fighter pilot in the Imperial Japanese ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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