DriveCam Video Systems, a creator of vehicle safety systems, announced May 28 that the London American General Agency has initiated a ten percent premium discount with Scottsdale Insurance Company for taxi fleets that use the DriveCam Driving Feedback System. The insurance discount program is offered through the Radio Dispatched Public Livery Association, a federal risk purchasing group for independent fleets. Using video technology to improve driving habits, DriveCam's Driving Feedback System has been proven to reduce the frequency and severity of collisions, according to the company. "Fleets using DriveCam benefit by having a reliable method to control losses from collisions, which lowers the cost of insuring them," said Ed Maucere, president of London American. "DriveCam also counters insurance fraud, for which livery services such as taxis and limousines are frequently a target. These cost savings prompted us to provide a discounted premium to taxi fleets using DriveCam." According to the company, DriveCam uses video technology to record what drivers see and hear during unusual driving incidents. This allows fleet managers to counsel drivers on actual driving experiences. It also provides information critical to determining fault in an accident claim and speeds claim processing. The company claims thousands of commercial vehicles, including utility fleets, passenger transportation, and service/delivery vans, are currently using DriveCam's Driving Feedback System and have experienced reductions in the frequency and severity of collisions of 30 percent to 50 percent. "DriveCam has worked closely with insurance carriers to document the effects of its products on reducing losses and lowering insurance costs," said Ed Andrew, president of DriveCam. "Because of these efforts, fleets using DriveCam can now demonstrate to their insurance carrier that they are taking steps to control their losses. By improving driving performance, DriveCam also reduces fleet operation and maintenance costs." The complete Driving Feedback System includes the DriveCam video event data recorder, HindSight 20/20 software for tracking and evaluating driving events, a manager's guide, driver guide, and instructional videotape. The DriveCam video recorder measures G-forces caused by activities such as hard braking, acceleration, harsh cornering or collisions, which trigger it to save a driving event for later viewing. About DriveCam Video Systems
DriveCam Video Systems is a developer of vehicle safety products that they say improve driving performance for commercial fleets. Based in San Diego, the company says the Driving Feedback System is the only product on the market that records actual driving experiences to reduce erratic driving and decrease the frequency and severity of collisions by 30 percent to 50 percent. The insurance industry has endorsed the Driving Feedback System and has offered credits on insurance premiums due to its ability to control losses. Additional information is available at www.drivecam.com. About London American General Agency
