Latest Auto Headlines

Editor’s Note: GOP gap

Nov 20 2005 // Congress finally appears to be moving on terrorism insurance. After the year is up, whether or not the Terrorism Risk Insurance Act is extended, there ought to be an independent high-level inquiry into why it took so long...

Mobile Equipment or Commercial Auto?

Nov 20 2005 // Watch out! That mobile drilling unit you assume is covered under your insured’s commercial general liability policy as a piece of mobile equipment actually could be a commercial vehicle, according to the insurance...

New Definitions: Mobile Equipment or Commercial Auto?

Nov 20 2005 // Watch out! That mobile drilling unit you assume is covered under your insured’s commercial general liability policy as a piece of mobile equipment could be considered a commercial vehicle according to the insurance...

Calif. Fraud Ring Lands Three in Jail

Nov 20 2005 // Three suspects have been arrested following an 11-month investigation by the California Department of Insurance of an auto insurance fraud ring that targeted car rental and insurance companies for fraudulent automobile...

Western States Pay Average Auto Premiums, NAIC Reports

Nov 20 2005 // Drivers in most of the 13 states that comprise the Western region enjoy about average auto insurance premiums, according to the most recent study produced by the National Association of Insurance Commis-sioners (NAIC). In...

Tracking

Nov 20 2005 // Autos Hi-Tech Gadgets Help Curb Losses Vendors of these types of high tech products strive to convince the insurance industry, and businesses that purchase commercial auto insurance for a wide variety of vehicles, that...

Top 25 Commercial Auto Writers

Nov 20 2005 // Company Name 2004* 2005** 12/31/2004 6/30/2005 State Farm Mutual Auto Insurance Co. 964,544 159,665 St Paul Fire & Marine Insurance Co. 654,788 46,260 Zurich American Insurance Co. 630,760 170,012 Auto-Owners...

Competition Increases in Commercial Auto, But Not Too Much-Yet

Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...

Nov 20 2005 // • Collision Avoidance/Warning System: Sensors installed at the front of a vehicle, which constantly scan the road ahead for vehicles or obstacles. Detecting an obstacle, the system then determines whether the vehicle...

Ark. Says Water Damaged Vehicles Must be ID’d

Nov 18 2005 // In the wake of the catastrophic property damage occurring during the 2005 and 2004 hurricane seasons, the Arkansas Insurance Department has received information indicating that owners may be selling cars and other vehicles...

N.J. Mom Keeps Auto Theft Scam a Family Affair; Son Also Charged

Nov 16 2005 // New Jersey Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging a Union County mother and son with...

Mt. Washington Offers Group Auto Plan for N.H. State Employees

Nov 16 2005 // Mt. Washington Assurance Corporation has announced its new group automobile program for the State Employees’ Association of New Hampshire (www.seiu1984.org), offering its 8,000 members a 10 percent auto insurance...

Gov. Romney, AG Reilly and Industry Differ Over Mass. Auto Reform Plan

Nov 16 2005 // Massachusetts Gov. Mitt Romney and Attorney General Tom Reilly sparred over auto insurance this week, with Reilly saying the governor’s reform plan would create chaos for drivers and Romney accusing Reilly of failing...

N.J. Agents Back Change in Insurers’ Auto Expense Formula

Nov 16 2005 // The Professional Insurance Agents of New Jersey Inc. recently provided comments supporting the New Jersey Department of Banking and Insurance’s proposal to change the method for calculating the maximum allowed...

Auto Fraud Case Link Suspected as Discarded Medical Records Discovered in Longwood, Fla.

Nov 15 2005 // A trash bin in Longwood, Fla. near Orlando has revealed boxes of medical records containing photographs, names, Social Security numbers and other personal information about chiropractic patients in Lawrence, Mass. treated...

Mass. Lawmakers to Hear Romney Auto Insurance Reform Package Today

Nov 15 2005 // After weeks of television ads by warring factions of insurance companies and public forums on the road by some legislators, the Massachusetts Financial Services Committee today will hold the first public hearing at the...

Detroit Mayor Targets High Auto, Homeowner Insurance Rates

Nov 14 2005 // Detroit Mayor Kwame Kilpatrick said he will attack the high cost of auto and homeowner’s insurance in Detroit first by negotiating with the insurance industry. If that doesn’t work, Kilpatrick said, he’ll...

Natural Catastrophes, Aftermarket Auto Repair Parts, Credit Scoring Top AIA’s Agenda at NCOIL Meeting

Nov 14 2005 // The American Insurance Association (AIA) said it looks forward to an open dialogue with state legislators regarding the recent hurricanes and their ramifications for the insurance industry during the annual meeting of the...

S&P to Assign Rating to AXA’s Auto ART – A “Landmark Transaction”

Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its preliminary credit ratings to the €200 million asset-backed floating-rate notes to be issued by FCC SPARC, an SPE, involving the...

Insurance Auto Auctions Announces Improved Q3 Results

Nov 10 2005 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced record vehicle returns during the third quarter. These results were driven by increased buying...