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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 automobile, 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 legal liability, liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against Motor vehicle theft, theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as vandalism, 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. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toyota
is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manufacturers by motor vehicle production, largest automobile manufacturer in the world, producing about 10 million vehicles per year. The company was 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 Toyota Type A engine, 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 gave rise to The Toyota Way (a management philosophy) and the Toyota ... [...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 driving, operating a motor vehicle. Texting while driving is considered traffic safety, 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 suggests that, in the United States in 2021, at any given daylight moment, an estimated 660,000, out of almost 212 million licensed drivers, used their phones while driving. According to a report issued by the U.S. Department of Transportation, drivers between the ages of 20 and 29 are the most likely to text while driving. In 2010 the International Telecommunication Union said that "texting, making calls, and other interaction with in-vehicle information and co ... [...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 32% of all traffic fatalities. Terminology United States In the United States, most states have generalized their criminal offense statutes to driving under the influence (DUI). These DUI statutes generally cover intoxication by any drug, including alcohol. Such laws may also apply to operating boats, aircraft, farm machinery, horse-drawn carriages, and bicycles. Specific terms used to describe alcohol-related driving offenses include "drinking and driving", "drunk driving", and "drunken driving". Most DUI offenses are alcohol-related so the terms are used interchangeably in common language, and "drug-related DUI" is used to distinguish. United Kingdom In the United Kingdom, there are two separate offences to do with alcohol a ... [...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 ... [...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. In the United States, this capability is a requirement to comply with federal emissions standards to detect failures that may increase the vehicle tailpipe emissions to more than 150% of the standard to which it was originally certified. 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 onboard vehicle computers. Early versions of OBD would simply illuminate a tell-tale 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 and diagnostic trouble codes which allow malfunctions within the vehicle to be rapidly identified. History * 196 ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberty Mutual
Liberty Mutual Insurance Company is an American diversified global insurer and the sixth-largest Property insurance, property and Casualty insurance, casualty insurer in the world. It ranks 87th on the Fortune 100, ''Fortune'' 100 list of largest corporations in the United States based on 2024 revenue. Based in Boston, Massachusetts, and featuring the Statue of Liberty 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 Auto insurance, automobile, Homeowners insurance, homeowners, workers' compensation, commercial multiple peril, commercial automobile, General liability insurance, general liability, global specialty, group disability, fire insurance a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Auto Insurance
The Progressive Corporation is an American insurance company. Progressive is currently the #2 auto insurer in the United States behind State Farm. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield, Ohio. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select companies. The company ranked #62 on the 2024 Fortune 500 list of the top American corporations. History Progressive was formed in 1937 by Joseph Lewis and Jack Green as Progressive Mutual 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 Progressive. In 1971, Progressive conducted an initial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AIOI Insurance Company
Aioi (Japanese: 相生) may refer to: Places in Japan * Aioi, Tokushima (相生町 Aioi-chō), the former name of a town in Naka District, Tokushima * Aioi, Hyōgo (相生市 Aioi-shi)), a city in Hyōgo Prefecture *Aioi Bridge (相生橋 Aioi hashi), a T-shaped bridge in the center of Hiroshima Train stations in Japan * Aioi Station (Gifu), located in Gujō, Gifu Prefecture * Aioi Station (Gunma), located in Kiryū, Gunma Prefecture * Aioi Station (Hyōgo), located in Aioi, Hyōgo, Hyōgo Prefecture * Nishi-Aioi Station, also located in Hyōgo Prefecture * Sanuki-Aioi Station, located in Higashikagawa, Kagawa Prefecture People *, Japanese actress and voice actress *, fighter pilot in the Imperial Japanese Navy (IJN) who subsequently became a commander of the Japan Maritime Self-Defense Force * ( :ja:Yoshitaro Aioi), Japanese entrepreneur who played a significant role in Manchuria during the Meiji, Taisho, and Showa eras Other * Yūko Aioi (相生 祐子), a fictional charac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
