Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Case Law Watch
Jul 18 2005 // Wooddale Builders vs. Maryland Casualty Co. (Minnestoa Court of Appeals, May 3, 2005) —Ruling: Appropriate end date for time-on-the-risk allocation is date of remediation.House builder brought action against...
ASSURANCEAMERICA ENTERS AUTO MARKET
Jul 18 2005 // AssuranceAmerica Corp. has expanded into Alabama’s auto insurance market with sales of its first auto insurance policies in the state. The Atlanta-based company is represented by more than 300 independent agents and...
Hospitals Decry Switch in Colorado Auto Insurance Law
Jul 15 2005 // A coalition of Colorado health care providers says state hospitals are losing more than $80 million a year in revenue as a result of changes to the state’s auto insurance system. “The actual losses are probably...
Citizens/Hanover Touts Multi-Variate ‘Connections Auto’ as Winner
Jul 14 2005 // The Citizens and Hanover Insurance Companies’ new Connections Auto, a state-of the-art, multi- variate auto product with greater customer segmentation capabilities, is off to a strong start in its initial launch...
American Agents Alliance Opposes SB 20 Despite Amendments
Jul 14 2005 // American Agents Alliance Executive Director Ken Nigohosian says the association will maintain its opposition to Senate Bill 20 (Escutia), despite recent amendments to the bill. SB 20 would mandate the continuance of...
N.J. Wife, Husband Charged in Auto PIP Fraud Case
Jul 12 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Office of Insurance Fraud Prosecutor has obtained an indictment charging a Passaic County couple with insurance fraud for their roles in an...
ACIC Opposes Low Cost Auto Program
Jul 11 2005 // The Association of California Insurance Companies remains opposed to legislation that would expand California’s pilot, low-cost auto insurance program from two counties to statewide, according to ACIC President Sam...
IRC Study Reports Auto Injury Medical Treatment Varies from State to State
Jul 11 2005 // Auto injury claimants from four states seek different types of medical treatment, even though they report similar injuries. A new study of insurance claims by the Insurance Research Council (IRC) examined auto injury...
Competition Between Insurers Lowers Fla. Auto Insurance Rates
Jul 9 2005 // Several major insurers, including State Farm, Allstate and Progressive indicate that due to increasing competition, motor vehicle rates are staying nearly stable or going down in Florida, or even going down slightly. State...
Wyoming Panel Considering Changes to Catch Uninsured Drivers
Jul 8 2005 // A legislative panel is considering new proposals aimed at reducing the number of uninsured motorists in Wyoming without creating a lot more work for insurance companies and the state. Vehicle owners in Wyoming are required...
N.Y. Sees Drop in Auto Insurance Fraud, Injury Suits
Jul 6 2005 // The number of suspected automobile insurance fraud cases dropped across New York last year by 17 percent, according to a new report. New York State Insurance Department officials said fraud cases, which for years have been...
INSURERS BACK MANAGED CARE FOR AUTO:
Jul 4 2005 // The Insurance Institute of Michigan said it supports a legislative proposal that would allow policyholders to choose a managed care option for their medical coverage under the state’s no-fault auto insurance system...
AUTO THEFTS DOWN 2% FOR 2ND STRAIGHT YEAR:
Jul 4 2005 // Auto thefts in Ohio appear to have declined more than 2 percent for the second consecutive year, according to estimates released by the Ohio Insurance Institute. Based on auto theft survey results of 17 major Ohio city...
TRUCK DRIVER, PRISON GUARDS INDICTED
Jul 4 2005 // Texas Mutual Insurance Company reported that in unrelated cases Texas grand juries indicted a truck driver and two prison guards on workers’ compensation fraud charges. The guards and the truck driver were allegedly...
Romney Auto Reforms Hit Roadblocks from Mass. Agents and Court
Jul 4 2005 // When the chief executive officer of the Independent Insurance Agents and Brokers of America spoke before the Virginia Big “I” recently, he snuck in several digs at liberal-leaning Massachusetts, at one point...
Minnesota’s No-Fault Law to Blame for High Auto Rates
Jul 4 2005 // If our product must be purchased, it should be affordable or bad things can happen in the public affairs arena. We’re finding that to be the case in Minnesota. Minnesota is one of the few remaining states that has...
News Briefs
Jul 4 2005 // ILLINOIS Feds Subpoena CNA on Finite Reinsurance: Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite...
News Briefs
Jul 4 2005 // Louisiana Three Arrested for Accident Staging The Louisiana State Police Insu-rance Fraud Unit arrested three Ville Platte residents on felony insurance fraud related warrants. The state police said the arrests were the...
Industry Fears ‘Serious Impact’ on Auto Market of N.J. Court Ruling
Jul 4 2005 // A New Jersey Supreme Court decision handed down last month that eliminates a “serious life impact” test under the auto insurance verbal threshold will dramatically increase automobile insurance losses and rates...
AUTO RESIDUAL MARKET RATES UP 3.8%:
Jul 4 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
