Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Allstate Drives Forward with N.Y. Auto Rate Cuts
May 2 2005 // Acting Superintendent of Insurance Howard Mills announced that Allstate Insurance Company, New York’s largest auto insurer in terms of market share, has agreed to reduce their customers’ premiums, on average,...
Allstate Testing ‘Your Choice’ Auto Policy Option in Tennessee Market
Apr 29 2005 // The goal of a new auto insurance plan introduced by Allstate Corp. in Tennessee attempts to drive the market away from a price obsession and refocus attention on products and features. Called the Your Choice options, it...
Ethics Today, Charity Motorcycle Rally Kick-off AAMGA Annual Meeting in Orlando
Apr 29 2005 // A day-long presentation and discussion about Ethics in Today’s Insurance Environment, sponsored by the R. Max Williamson Chair of Insurance and Business Ethics, kicked-off the American Association of Managing General...
Auto Insurance Verification Bill Passed by Texas Senate
Apr 28 2005 // Senate Bill 1670, which addresses the problem of uninsured drivers in Texas, was passed by the state Senate. The bill by Sen. Todd Staples, R-Palestine, calls for a $1 fee on motor vehicle license renewals to pay for an...
Unitrin Sees Improved Q1 Numbers
Apr 28 2005 // Chicago-based Unitrin Inc. reported net income of $67.9 million ($0.99 per common share) for the first quarter of 2005, compared to net income of $48.0 million ($0.71 per common share) for the same period in 2004. Net...
Suspects Arrested in Alleged Car Theft Ring in California
Apr 28 2005 // Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for...
State Auto Starts Q1 with Strong Showing
Apr 26 2005 // Ohio-based State Auto Financial Corporation reported record quarterly net income of $40.8 million or $1.00 per diluted share, versus $32.4 million or $0.80 per diluted share for the first quarter of 2004. Net operating...
AssuranceAmerica Corp. Reports Wholesale Sub Now Writing Fla. Policies
Apr 26 2005 // Atlanta-based AssuranceAmerica Corp. announced its Managing General Agency (MGA) was approved to write auto coverages in Florida and is now actively putting Florida auto insurance policies on its books. In announcing its...
N.J. Man Gets Ride to Jail for Auto Scam
Apr 25 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Middlesex County man has been sentenced to prison for his role in an automobile “give up” fraud. According to McKoy and Insurance...
Allstate Sues Defunct California Auto Repair Co.
Apr 25 2005 // Insurance giant Allstate Corp. on April 22 sued the liquidator of an out-of-business automotive repair company that has held about 1,000 cars awaiting collision repairs until its assets are sold. Allstate filed a Superior...
Conn. Car Rental Firm Loses in Court Again
Apr 24 2005 // A Connecticut car rental company that ran into trouble for using a global positioning device to fine speeding drivers lost another case last week after overcharging a customer and referring him to a phony legal...
The Midland Co. Notes Record-Setting Q1
Apr 21 2005 // The Midland Company, a Cincinnati-based provider of specialty insurance products and services, announced record results for the first quarter ended March 31, 2005. Net income for the quarter was a record $21.5 million, or...
Insurers Voice Opposition to Proposed Mass. Auto Premium Surcharge
Apr 21 2005 // A proposal to surcharge auto insurance policyholders $15 million to pay for police training reportedly unfairly forces responsible motorists in Massachusetts to fund a program that benefits every citizen and business in...
Transportation Secretary Calls Highway Fatalities an Epidemic; 42,800 Die in 2004
Apr 21 2005 // U.S. Transportation Secretary Norman Mineta on Thursday called the problem of highway traffic deaths a “national epidemic” and encouraged Americans to view wearing safety belts as a form of preventative...
N.Y. Central Mutual Drops Auto Rates 5%
Apr 21 2005 // Acting Superintendent of Insurance Howard Mills announced that the New York State Insurance Department has approved a New York Central Mutual rate filing that will reduce the auto premiums paid by their policyholders by a...
Safeco Sees Strong Q1 Numbers
Apr 19 2005 // Seattle-based Safeco on Tuesday reported strong first-quarter results for 2005. The company produced net income for the first quarter of $212.0 million, or $1.65 per diluted share. This compares with net income of $236.2...
PCI Urges Court to Uphold Mass. High Risk Pool Reforms for Auto Insurance
Apr 19 2005 // The Property Casualty Insurers Association of America (PCI) joined with a group of insurers and insurance trade associations in filing a friend of the court brief on April 15 urging the Massachusetts Superior Court to...
DENN TACKLES AUTO FRAUD:
Apr 18 2005 // Delaware Insurance Commissioner Matt Denn has initiated several policy changes in the way auto insurance fraud cases are handled. He said that hearings for auto insurance fraud will now take place in public. Fines for...
Illinois Politicians Blame Governor for Bankrupt Auto-Accident Fund
Apr 18 2005 // SPRINGFIELD, Ill.–Members of a government oversight committee haccused Gov. Rod Blagojevich’s administration of mismanagement for its handling of an auto insurance fund that ran out of money. The $1.6 million...
Tougher Laws Key to Fight Against Insurance Fraud
Apr 18 2005 // How do you convince overworked state prosecutors to chase down often stale-sounding insurance swindles when their case files already are bulging with high-profile crimes such as drugs, robbery and murder? Insurance-fraud...
