CarLabs to Launch OEM Chatbot

  • Emma Sandler
  • July 28, 2017
CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. Last Updated: 28th July, 2017, 9:39 AM

Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market

  • Natalie Mattila
  • July 27, 2017
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its collateral as rideshares disrupt the industry, Chief Financial Officer Scott Blackley said on the company’s second quarter earnings call last week. “We’re working aggressively with our borrowers to restructure loans where possible; we’re taking steps […]

Uber to Provide Accident Insurance in France for Free, but There’s a Catch

  • Emma Sandler
  • July 26, 2017
Uber drivers and couriers in France will automatically receive accident insurance beginning this fall, as Uber and French insurance company Axa said yesterday. But the reason for this is not out of any altruism. Instead, it’s a legal requirement of Uber to comply with France’s latest labor law. Last Updated: 26th July, 2017, 11:04 AM

How Insurance Companies Should Prepare for Autonomous Cars

  • Emma Sandler
  • July 25, 2017
With the rapid advancement of autonomous vehicles, traditional personal auto insurance has the potential to be severely disrupted by new competition and shifts to other types of insurance coverage. The move to new business models will not be smooth, according to a June report from KPMG entitled, “The chaotic middle: The autonomous vehicle and disruption in automobile […]

RCI Bank and Services Positions Itself for Future Mobility

  • Emma Sandler
  • July 24, 2017
RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank is a France-based automotive captive, insurance company, and […]
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