Safe Drive Systems (SDS) recently announced the results of a three-year pilot project conducted by Berkshire Hathaway GUARD Insurance Companies. In 2018, SDS’s anti-collision radar solution was installed in 585 vehicles operated by 40 commercial fleets insured by Berkshire Hathaway GUARD Insurance Companies, and they were driven for a total of 1.2 million miles. The pilot clearly demonstrated the value…
Read moreBy David Schapiro Sy Foguel, CEO and President of Berkshire Hathaway GUARD Insurance Companies discusses AI and IoT in Commercial Insurance with David Schapiro, co-founder of Planck – a provider of AI based data analytics for commercial insurance. Interviewer’s note: I have known Sy for many years, but this was the first time we exclusively discussed his thoughts on cutting edge technology relevant for the insurance…
Read moreKitchen fires are a common occurrence fueled by the combination of everyday distractions, hot kitchen stove burners, and the grease laden environment of the kitchen. According to the National Fire Protection Association, a home fire occurs every 88 seconds and cooking is the leading cause of home fires. The Insurance Journal states that fire-related claims are also the most expensive. Auto-Out Venthood is a stovetop fire…
Read moreThe number of auto accidents is increasing, according to National Highway Traffic Safety Administration data. Carriers are looking for ways to mitigate risk, and many are turning to technologies to help their insureds better manage their fleet and offering capabilities to improve driver safety. Berkshire Hathaway GUARD chose Safe Drive Systems (SDS) one of the few companies with a solution…that…
Read moreTriple+, a leader in IoT technology solutions for water leak damage prevention, has announced a pilot project with Berkshire Hathaway GUARD Insurance Companies. Water damage is the second most common insurance property claim in the US after hail and wind damage, and billions of dollars are spent in claims and repairing damages annually. GUARD aims to reduce these costs for customers…
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