Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
How to Float to the Top and Other Words of Wisdom
Apr 4 2005 // Berkshire Hathaway’s Buffett on Insurance Economics, 2004 Results By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s...
Michigan DOI Study Finds Competition Doesn’t Equal Affordability
Apr 4 2005 // Michigan’s Office of Financial and Insurance Services last month released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
Fla. Couple Faked Auto Accident Claim
Apr 4 2005 // A St. Petersburg, Fla., couple and a relative are facing felony insurance fraud charges after investigators determined they collected $39,000 in insurance from a staged automobile accident. Azem Jakupaj, his wife, Fikreta,...
Goodbye, Steadfast Toyota
Apr 4 2005 // I’m afraid to see my next auto insurance bill. My daughter “totaled” her car recently. Yes, it was her fault, and no, no one was seriously hurt, thankfully. She ran into the back of a pickup truck at a...
Lojack for Motorcycles Addresses Growing Risk
Apr 4 2005 // With spring right around the bend, motorcycle enthusiasts across the nation are gearing up to hit the road. In recent years, the popularity of motorcycle riding has risen to a zenith rivaling that of the “Easy...
Public Auto
Apr 4 2005 // Nuts & Bolts: Union General is offering a variety of programs to address public auto exposures. The program can handle accounts up to 10 units. Public auto classes include limo, day care, airport, and hotel shuttles...
Calif. Sweep Nets Four Fraud Suspects
Apr 4 2005 // Starting Feb. 24, investigators from the California Department of Insurance’s Fraud Division conducted joint operations in the Central Valley to execute outstanding arrest warrants. CDI partnered with the Fresno...
Brothers Arrested in Auto Premium Scam
Apr 4 2005 // Carlos Vasquez-Marquez and Jose Miguel (Mike) Marquez, of Rancho Palos Verdes, Calif., have been arrested and charged with seven felony counts of grand theft. The arrests are the result of a 20-month investigation...
Some 200 Insurance-Related Bills Introduced in California Legislature
Apr 4 2005 // About 200 insurance-related bills have been introduced in the California Legislature this session, according to The Association of California Insurance Companies. “We expect during the upcoming months that the issues...
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
Del. Cracks Down on Auto Insurance Fraud
Apr 1 2005 // Delaware Insurance Commissioner Matt Denn has initiated a crackdown by his department on auto insurance fraud. Denn announced several policy changes in the way auto insurance fraud cases are handled, including makeing them...
Fla. Supreme Court Upholds 30-day Deadline for Doctors to File Auto Policy No-Fault Claims
Apr 1 2005 // A State Farm customer and his doctor, who challenged a 30-day deadline for doctors to file claims on a patient’s no-fault auto policy, have lost their claim in the Florida Supreme Court that the provision is...
One Person’s Slightly Used Auto Insurance Policy is Another Person’s … Treasure?
Apr 1 2005 // Who can forget the way the policy for that ’76 Gremlin smelled? How about those deductibles from that Merkur policy? Sure, they don’t make the car any longer, but that’s what makes the policy valuable!...
N.C. DOI Disputes 11.5 Auto Rate Request; Long Sets Hearing in September
Mar 31 2005 // Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates in September. This announcement comes after the North Carolina Rate Bureau, an independent organization that represents all auto...
Calif. Consumer Advocate Rosenfield Urges Mass. to Repeal No-Fault, Make Other Auto Changes
Mar 29 2005 // Massachusetts should repeal its no-fault law, end its reliance on uniform state-set rates, and remove the state antitrust exemption for auto insurers if it wants to improve its auto insurance system for consumers. That...
Calif. Insurance Critic to Take On Mass. Auto
Mar 28 2005 // Nationally recognized insurance reformer and Massachusetts native Harvey Rosenfield will return to his home state Tuesday, March 29 to unveil a report he says shows how much more Massachusetts drivers pay for auto...
Mich. DOI Study Finds Competition Doesn’t Equal Affordability; Insurers Say Losses Driving Rates
Mar 24 2005 // Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
NAMIC Applauds Passage of Ky. Laws to Clean Up Statute Misconceptions
Mar 23 2005 // The National Association of Mutual Insurance Companies has applauded passage of new laws by the Kentucky General Assembly to clean up misconceptions in existing statutes. Prior to adjourning Kentucky lawmakers passed House...
HORACE MANN EXIT UPHELD:
Mar 21 2005 // Horace Mann Educators Corp. did not violate any law or regulation in 2001 when, as part of its plan to exit the Massachusetts auto insurance market, it transferred its best exclusive representative producers and their auto...
Purchasing Group Helps Auto Dealers Cope with Workers’ Comp
Mar 21 2005 // Workers’ compensation insurance is problematic across the nation and legislatures in many states, including Texas and Oklahoma, are currently considering bills aimed at increasing the quality of workers’ comp...
