auto News

AmWINS Forms Non-Standard Auto Specialty Division

AmWINS Group, Inc. has combined its various non-standard auto operating entities to create AmWINS Specialty Auto (ASA), a new operation within the AmWINS Underwriting Division. The combined entities include Newport General Agency (acquired in April 2010), American Southwest Insurance Managers, …

ABI Analyzes Effect of Upcoming Gender-Neutral Insurance Pricing

With one month to go until gender-neutral pricing becomes mandatory in the UK, the Association of British Insurers (ABI) stressed that “the insurance market will remain competitive despite the ruling and has published key consideration points for consumers set to …

Best Special Report Sees China as a Market in Transition

“The Chinese insurance market is in a state of transition: after a period of rapid expansion, the market must now adjust for sustainable and healthy growth,” concludes a special report from A.M. Best. “Since enhancing risk management and market discipline …

ABI Calls for New Restrictions on Younger Drivers

The Association of British Insurers is urging a review of the regulations for younger (17 to 24 year-old) drivers, including some new strictures that would require “a minimum one year learning period, restrictions on night time driving and lowering the …

Brokers Report Keen Direct Line Interest; But Some Investors Wary

Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in London’s first big retail share offering for six years, although some potential investors are unconvinced. “The appetite has been really …

ABI Issues Guidance for Impending ‘Gender-neutral’ Insurance Pricing

With three months to go until the European Court of Justice ban on insurers taking a person’s gender into account when calculating premiums and benefits, the Association of British Insurers (ABI) has published guidance for consumers. “Gender has always been …

HDI-Gerling UK Names Gwilt to Head Fleet Management Division

Industrial Insurance Company HDI-Gerling announced the appointment of Michael Gwilt as manager responsible for fleet risk management and business development to its newly formed UK motor [auto] division. He will report to John Shepherd director of motor, who joined HDI-Gerling …

Report Finds Less than 10% of Global Insurers Using ‘App’ Strategy

A report by Swiss research company MyPrivateBanking concludes that while the ”mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage, showing patchy and inconsistent deployment.” The survey involved a total …

Swiss Re Reports Italian Insurance Market at ‘Crossroads’ of Change

According to Swiss Re’s latest study – The Italian insurance market: opportunities in the land of the Renaissance – “Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.” The report …

Idea of Creating DWI Tracking System in Louisiana Revived

The idea of creating a statewide DWI tracking system in Louisiana is gaining steam again. The Advocate reports that the 2004 death of an ambitious Louisiana project called the Integrated Criminal Justice Information System dashed hopes for a statewide DWI …