DriveCam Video Systems Teams with National Interstate Insurance Co. to Improve Driving Performance of Insured Fleets
SAN DIEGO--Aug. 1, 2002--NIIC Reimburses Up to 50 Percent of Cost to Implement DriveCam's Driving Feedback System Under the NIIC/DriveCam Certification Program
DriveCam Video Systems, an innovator in vehicle safety systems, today announced that it has partnered with the National Interstate Insurance Co. to market DriveCam's Driving Feedback System to insured passenger transportation fleets, including motorcoaches, transit buses, school buses and limousines.
Under the agreement, called the NIIC/DriveCam Certification Program, NIIC will reimburse up to 50 percent of the cost of the DriveCam system for each insured fleet that implements DriveCam. DriveCam's Driving Feedback System incorporates video technology and management software to improve driving habits and reduce the frequency and severity of collisions. The NIIC/DriveCam Certification Program is subject to state regulatory review and approval.
"We support the use of the DriveCam system because we believe it can reduce the frequency of accidents and encourage more equitable claims settlements," said Alan R. Spachman, president of NIIC. "DriveCam captures the indisputable facts -- what actually occurred in an accident. Without this evidence, the benefit of the doubt usually goes against the commercial fleet driver. With evidence showing the other driver contributed to the accident, we can achieve more equitable settlements."
DriveCam uses advanced 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. 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.
"We are happy to add National Interstate to the growing list of insurance carriers who endorse and recommend the DriveCam Driving Feedback System," said Ed Andrew, president of DriveCam. "Some carriers have offered premium discounts. NIIC is the first carrier to share the cost of the system to encourage fleet customers. These carriers know that by improving driving habits, DriveCam is a effective risk management tool for fleets."
The complete Driving Feedback System includes the DriveCam video event data recorder, HindSight 20/20 software for managing 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 an innovator in the development of vehicle safety products that improve driving performance for commercial fleets. Based in San Diego, the company's 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 National Interstate Insurance Co.
National Interstate Insurance Co. (NIIC) was established in Cleveland in February 1989. NIIC and its affiliates are licensed in all states and the District of Columbia, and currently focus on transportation, recreation vehicle and general commercial insurance. NIIC is an independently operated subsidiary of Great American Insurance Co. and Underwriting Manager for Great American's public transportation and recreation vehicle insurance. More information is available at www.nationalinterstate.com.