Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Italian Auto Insurers’ Shares Could Gain from Price Increases
Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...
Toyota Now Facing Lawsuits over Shrinking Resale Values of Cars
Feb 11 2010 // Added to a wave of personal injury lawsuits stemming from Toyota’s massive recall, the automaker faces a growing number of consumer class-action cases — more than 40 so far — over the shrinking resale...
Congressmen Seek Auto Insurers’ Records on Toyota Accidents, Warnings
Feb 11 2010 // Two Congressional leaders are requesting information from five large auto insurers on accidents involving recalled Toyotas. The lawmakers have sent letters to Allstate, Farmers, GEICO, Progressive and State Farm. The...
Special Reuters Report: Inside Toyota’s Epic Breakdown
Feb 10 2010 // Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on...
Auto Injuries, Fatalities Down in Texas
Feb 10 2010 // The Insurance Council of Texas reports that the number of people injured and killed in automobile accidents in Texas has continued to decline since 2003. Both fatalities and injuries are down more than 20 percent since the...
U.S. Shareholders Sue Toyota
Feb 9 2010 // Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled about problems with unintended acceleration in a...
Adults in Kansas Could Be Ticketed for Helmet-Less Teen Motorcyclists
Feb 9 2010 // It’s illegal in Kansas for someone under 18 to drive or ride a motorcycle without wearing a helmet, and teenagers can be ticketed if they’re caught doing so. Now, a new Senate bill proposes adults face...
Accidents Involving Recalled Toyotas Still Have Coverage, Insurers Say
Feb 9 2010 // Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million Toyota vehicles, insurers are urging vehicle...
State Farm Says It Warned U.S. Officials About Toyota Accident Trend in 2007
Feb 8 2010 // Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start...
Nebraska Motorcycle Helmet Repeal Crashes, But It May Recover
Feb 5 2010 // A proposal to allow motorcyclists to go helmet-free in Nebraska crashed amid insurance worries on Feb. 3, but may recover while state lawmakers are still in session. After a proposal that all motorcyclists need to carry...
Allianz, Daimler Sign International Auto Coverage Partnership Agreement
Feb 3 2010 // Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for...
Calif. Low Cost Auto Insurance Program Participation Up 19%
Feb 1 2010 // California Insurance Commissioner Steve Poizner announced that the California Low Cost Automobile Insurance Program (CLCA) saw an 18.9 percent increase in use in 2009, compared with the year before. An aggressive outreach...
Californians To Vote On Auto Insurance Persistency Discount
Jan 28 2010 // Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be eligible for a...
NSM Acquires Condon & Skelly Collectible Vehicle Insurance
Jan 27 2010 // NSM Insurance Group acquired Condon & Skelly Collectible Vehicle Insurance, effective Dec. 31, 2009. Founded in 1965, Condon & Skelly Collectible Vehicle Insurance began as a small niche insurance provider, and...
Auto Insurance Claims Could Be Opened to Family Members in Nebraska
Jan 26 2010 // Nebraska lawmakers may allow car passengers to make liability insurance claims when their family members cause car wrecks. The Nebraska Legislature on Jan. 22 narrowly gave first-round approval to a bill (LB216) that would...
Auto Insurance Key to Michigan State Senator’s Gubernatorial Bid
Jan 24 2010 // State Sen. Hansen Clarke has jumped into the Michigan governor’s race and auto insurance reform will likely figure prominently in his bid for the offic The Detroit Democrat told the Associated Press he had filed the...
Declarations
Jan 24 2010 // No Effective Legal Means “We had no effective legal means to step in and prevent default (at AIG) … without helping this firm meet all its legal obligations.” —U.S. Treasury Secretary Timothy Geithner...
People
Jan 24 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas....
West Virginians Producing Film on Dangers of Texting While Driving
Jan 22 2010 // Several young adults from West Virginia are starring in a new educational film on the dangers of distracted driving that is to be released this spring. Charleston, West Virginia-based MotionMasters is producing the film,...
Fiesta Auto Insurance to Expand Franchise Model
Jan 21 2010 // Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations during the past 10...
