Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle
May 20 2015 // A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital...
South Carolina City Paints Patrol Car Like Taxi to Discourage Drunk Driving
May 20 2015 // The Spartanburg, S.C., Police Department has come up with a unique way to draw attention to the cost of drunk driving. The department announced last month that it will be stationing a police car in the downtown area with...
Driverless, Shared Cars to Cut Vehicle Ownership by Half: Barclays
May 19 2015 // U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst...
California Man Pleads Guilty to Setting Car Ablaze to Cash in on Insurance
May 19 2015 // Richard Peters, 36, of Lakeside, Calif., pleaded guilty to one felony count of insurance fraud after being arrested last week by the San Diego Urban Auto Insurance Fraud Task Force on suspicion that he set fire to his...
Auto Insurance Specialists Wins 2015 Biggie Award for Preferred Agency of the Year
May 19 2015 // AIS honored by the BIG Independent Group for the second time in three years. Cerritos, California (May 19, 2015) – Auto Insurance Specialists (AIS), a leading national independent agency for auto insurance, homeowners...
Google Dupes Insurance Buyers: Insurance Agent Executive
May 18 2015 // Independent insurance agents are accustomed to competition but many are watching with heightened interest the entry of one new competitor in particular, Google Compare. Bill Wilson, director of the Virtual University at...
Ohio Lt. Gov./Insurance Director Taylor Tackles Multiple Roles
May 18 2015 // As Ohio’s lieutenant governor, top insurance regulator and leader of a statewide regulatory reform initiative, it might seem that Mary Taylor’s public responsibilities would often pull in her in conflicting...
Van, Texas, Tornado Blamed for $40M in Damage
May 18 2015 // An emergency official says a deadly tornado that blasted an East Texas town left behind about $40 million in damage. Van Zandt County emergency management coordinator Chuck Allen provided the damage estimate as recovery...
Industry Examines Potential Claims Issues Following Riots
May 18 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in the wake of Baltimore riots that shook the city in late April. And more than 200 businesses were damaged during the riots,...
Amtrak, CSX Sue Truck Company Over North Carolina Train Crash
May 18 2015 // A lawsuit filed by Amtrak and CSX alleges that a trucking company caused a March train derailment that injured 55 people by failing to take safety precautions or warn that the track was blocked. The lawsuit in a Raleigh...
GEICO to Raise Auto Insurance Premiums
May 18 2015 // GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its...
First Licensed Autonomous Freight Truck Hits the Road in U.S.
May 18 2015 // In a ceremony at Hoover Dam in May, Daimler Trucks North America unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an open public highway in the...
Safety Officials Fine Illinois Auto Parts Company $114K
May 15 2015 // A Peoria, Ill., auto parts manufacturer has been fined $114,100 for federal workplace safety violations that the government says put workers at risk of amputation and other injuries. The U.S. Department of Labor’s...
Suit Filed Over Oregon Worker Who Died After Using Bucket as Toilet
May 15 2015 // Relatives of an Oregon worker who died from carbon monoxide poisoning while defecating in the back of a company truck seek $4 million in a lawsuit filed against the man’s former employer and four other companies. The...
Students in Deadly California Bus Crash Not Given Safety Instructions
May 15 2015 // The high school students who struggled to escape from a burning tour bus after a collision with a tractor-trailer in California last year that killed 10 never received the required safety instructions from the driver...
N.Y. DMV’s New Rule Allows Proof of Auto Insurance in Electronic Format
May 14 2015 // The New York State Department of Motor Vehicles recently implemented a new regulation that allows motorists to show proof of auto insurance in either the paper or electronic format. The regulation went into effect on April...
Eight Florida Residents Arrested for Involvement in PIP Fraud Scam
May 14 2015 // Eight Broward County, Fla., residents have been arrested for PIP (personal injury protection) fraud after an investigation by the Department of Financial Services’ Division of Insurance Fraud revealed the individuals...
Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle
May 13 2015 // The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars and CNH tractors if their $6.8 billion bid for reinsurer PartnerRe Ltd. is...
5 Dead After Twisters Hit Texas, Arkansas
May 12 2015 // Emergency responders on May 11 searched through wreckage in parts of the states of Texas and Arkansas after a line of tornadoes battered several small communities, killing at least five people, including a young couple...
Some Midsize SUVs Do Poorly on Front Overlap Crash Test
May 12 2015 // Three more midsize SUVs achieved good or acceptable ratings from the Insurance Institute for Highway Safety in the latest round of small overlap front crash testing. However many models, including three newly-rated SUVs...
