Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Tillinghast: Overall U.S. Tort Costs Dropping; Fewer Auto Claims Drive Decline
Dec 14 2006 // U.S. tort costs totaled $261 billion in 2005, which is approximately $880 per person and $4 less per person than in 2004, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers...
Her Future’s Uncertain but Mass. Commissioner Keeps Busy
Dec 13 2006 // These are busy days for Massachusetts Insurance Commissioner Julianne Bowler. Within weeks, even days, Bowler is expected to release final plans for a new auto insurance assigned risk plan, decide on auto insurance rates...
Motor vehicle theft declines in California, but violent crime increases
Dec 11 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
COUNTRYWIDE LAUNCHES AUTO PRODUCT IN COLORADO, ILLINOIS, INDIANA, NEVADA
Dec 11 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in...
N.Y. auto profits hit
Dec 11 2006 // Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson Jr....
For regional carriers, predictive modeling is about more than pricing
Dec 11 2006 // Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing...
P/C market takes hold of rapidly developing identity theft solutions
Dec 10 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology/information-driven...
People
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America announced that Deirdre Manna, former acting director of the Illinois Division of Insurance, has joined PCI as vice president of industry and...
People
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America announced that Deirdre Manna, former acting director of the Illinois Division of Insurance, has joined PCI as vice president of industry and...
Motor vehicle theft declines in California, but violent crime increases
Dec 10 2006 // California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the...
Countrywide launches auto product in Colorado, Illinois, Indiana, Nevada
Dec 10 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in...
California Ramps Up Efforts to Crackdown on Uninsured Drivers
Dec 7 2006 // California is ramping up its efforts to crack down on uninsured drivers and has sent more than 180,000 letters in the last two months to car owners warning them their auto registrations may be suspended if they cannot...
North Dakotans Spend Least on Auto Insurance Study Says
Dec 7 2006 // Insurance Commissioner Jim Poolman announced today that according to a recent report, North Dakota ranked the lowest in the country for combined average auto insurance expenditures. The report, which is issued by the...
Typical Auto Insurance Premium to Fall in 2007 Due to Anti-Fraud Efforts, Fewer Claims
Dec 6 2006 // The typical U.S. driver will pay less for auto insurance in 2007 than in 2006, with the average premium expenditure expected to drop by 0.5 percent, reported the industry-backed Insurance Information Institute. The average...
Travelers Expands Monoline Commercial Auto Insurance Offerings
Dec 5 2006 // Travelers is now making available commercial auto coverage for small to mid-sized businesses on a monoline basis through its Select Accounts, Commercial Accounts and Construction divisions. This expanded monoline auto...
Little Rate Relief Found First Year After N.J. Auto Reforms
Dec 4 2006 // A year after New Jersey enacted auto insurance regulation changes meant to reduce rates, state residents were still paying through the nose, according to the latest survey compiled by the National Association of Insurance...
Rental Firm Not Liable If Driver Lies About License, Miss. Court Decides
Dec 4 2006 // Rental car companies are not liable for accidents that result from their unknowingly leasing a car to a motorist who lies about having a valid driver’s license, the Mississippi Supreme Court has ruled. The court, in...
Lawrence, Mass. Man Pleads Guilty to Auto Insurance Fraud
Nov 30 2006 // A Lawrence, Mass. man pleaded guilty this week to an indictment charging that he participated in an auto insurance fraud scheme to bilk insurance companies out of thousands of dollars in false claims, according to state...
N.Y. City Comptroller Hits Auto Insurers’ Profits; Insurers Hit Back
Nov 30 2006 // Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson,...
Skylands Gives N.J. Mass Transit Riders a Car Insurance Break
Nov 29 2006 // New Jersey Skylands Insurance Companies has unveiled a promotion that highlights what it says is a first-of-a-kind discount for New Jersey drivers who regularly commute to work via mass transit — a rate discount of...
