Progressive Insurance recently examined its 2012 insurance data and found that vehicle-theft recovery rates are related to where car owners live, and, indeed, summer is the season when vehicles are stolen most.
State Farm is a massive insurance company. With over 42 million vehicles covered under its policies, the insurance giant commands roughly 18 percent of the U.S. market. In fact, State Farm's share of the overall market is so big that it can apparently see possible trends in vehicle issues by simply analyzing claim data, as evidenced by its admission that it informed the National Highway Traffic Safety Administration of Toyota unintended acceleration issues as early as late 2007.
Of the 60+ teams that have signed a letter of intent to participate in the Progressive Automotive X Prize, about 15 were on hand at the New York Auto Show. With only four cars on stage, it's easy to calculate that some teams arrived sans vehicle. The group from Motive Industries had just a little folded flyer to show what they've been working on for their entry vehicle. The basic idea for the as-yet-unnamed Motive vehicle is an electric car with an on-board ICE for range extension. The real chal