Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Hallmark Financial to Acquire State Auto’s Non-Standard Auto Unit
Aug 10 2010 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, Hallmark Insurance Co., will acquire State Auto National Insurance Co. from Ohio-based State Auto Financial Corp. (STFC)....
American Collectors Expands Collector Vehicle Coverage in Mass.
Aug 10 2010 // American Collectors Insurance has expanded the availability of insurance and services it offers to car collectors in Massachusetts. American Collectors, a provider of specialty insurance for collector vehicles and...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
New Jersey Regulators Want to End Auto Insurance Subsidy Program
Aug 6 2010 // New Jersey insurance regulators plan to eliminate a never-used legal entity designed to monitor and encourage auto insurers to write more business in higher-risk areas of the state. The plan, known as the Territorial...
Fiesta Auto Insurance Selected a Top Franchise for Hispanics
Aug 4 2010 // World Franchising Network (WFN) has named Huntington Beach, Calif.-based Fiesta Auto Insurance, aninsurance and tax preparation franchise, as one of its “Top 26 Franchises for Hispanics for 2010.” PODER...
Pennsylvania Sees Increase in Insurance Fraud
Aug 4 2010 // Pennsylvania saw a 22 percent increase in fraud complaints in the first half of the year, in a continuation of a trend that started two years ago, according to the Pennsylvania Insurance Fraud Prevention Authority...
State Auto Reports Net Loss of $26.2M in Q2 2010
Aug 4 2010 // State Auto Financial Corp. has reported a second quarter 2010 net loss of $26.2 million versus a net loss of $3.2 million for the second quarter of 2009. State Auto’s combined ratio for the quarter was 115.2 versus...
Michigan Court Lowers Threshold for Damage Suits Under No-Fault
Aug 3 2010 // The Michigan Supreme Court has made it easier for auto accident victims to sue for pain and suffering under the state’s no-fault law. The new court ruling lowers the threshold of what is considered a serious...
Customers Significantly Less Satisfied With Auto Insurance Companies
Aug 3 2010 // After peaking in 2009, overall customer satisfaction with insurance companies has declined significantly in 2010, largely because of price, according to the J.D. Power and Associates “2010 U.S. National Auto...
Insurers Report Rise in Questionable Claims Led By Hail, Auto Glass
Aug 2 2010 // Property/casualty insurance companies are reporting that the number of claims requiring more scrutiny than normal rose again in the first half of this year compared to 2009. The National Insurance Crime Bureau’s...
2010: A Revolutionary Year for Truckers Insurance
Aug 2 2010 // The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle...
Study: Long Haul Truck Collisions Peak in July
Aug 2 2010 // A study by San Diego, Calif.-based DriveCam Inc. shows that collisions and near collisions involving long haul trucks peak in July and remain high through the month of November. Using its database of more than 18 million...
10 Most, Least Affordable States for Car Insurance
Aug 2 2010 // InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index — a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb...
Declarations
Aug 2 2010 // Sending a Clear Message “I want us to send a clear message to Washington, D.C., today — our people don’t want a BP check, our people don’t want an unemployment check, our people want this arbitrary...
People
Aug 2 2010 // Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all...
Number of Texas Uninsured Vehicles Declines
Aug 2 2010 // Since the launch of the TexasSure auto insurance verification program two years ago, the number of uninsured vehicles on Texas roads has declined, the Texas Department of Insurance reports. The TexasSure electronic...
Study: Long Haul Truck Collisions Peak in July
Aug 2 2010 // A study by San Diego, Calif.-based DriveCam Inc., a global driver risk management company, shows that collisions and near collisions involving long haul trucks peak in July and remain high through the month of November....
Road Tech
Aug 2 2010 // Technology – cell phones and texting technologies – gets a bad rap when it comes to safety while driving. Of course, it’s not the technology that’s unsafe – it’s people. In my recent...
No-Fault Auto Insurance Popularity Declines
Aug 2 2010 // RAND Study Shows Coverage Fails to Limit Court Costs, Lower Premiums No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers...
Foremost Insurance Group Launches Auto Program in New York
Jul 29 2010 // Foremost announces their DISTINCTCHOICE auto program in New York. Foremost’s new auto program is designed with increased limits, deductible options and important coverages for drivers. The DistinctChoice auto program...
