Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Commerce Insurance Goes to Court Over Newly-Approved Mass. Auto Assigned Risk Plan
Jan 5 2005 // The Commerce Insurance Company, a wholly owned subsidiary of The Commerce Group, Inc., has filed an action in Massachusetts Superior Court, Suffolk County, in response to the rules published by the Division of Insurance...
Car Buyers Get No-Charge Insurance in Volkswagen-Nationwide Pilot Program Based on Car Model Risk
Jan 3 2005 // A Long Island insurance think-tank has licensed Volkswagen of America Inc. to offer the industry’s first no- charge insurance policy to customers who purchase or lease selected models during a three-month test in...
Sell Personal Lines Upgrades via Direct Mail
Jan 3 2005 // To remain in business, agents need to derive as much revenue as possible from every current insured, at the least possible cost. This is particularly the case now that the structure of the classic contingency commission is...
2005 MASS. AUTO RATES SET:
Jan 3 2005 // Massachusetts Insurance Commissioner Julianne M. Bowler issued a decision in the 2005 private passenger auto insurance rate case that will result in a statewide average rate decrease of 1.69 percent next year. The new...
Lessons Learned from a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Jan 3 2005 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
NONSTANDARD AUTO MARKET STUCK IN CYCLE, SAYS BEST:
Jan 3 2005 // A study released by A.M. Best has confirmed that the nonstandard automobile insurance sector is cyclical in nature, characterized by periods of severe price competition and excess capacity followed by periods of high...
Lessons Learned From a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
Lessons Learned from a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
GARAMENDI ANNOUNCES RESULTS OF LOW COST AUTO OUTREACH CAMPAIGN:
Jan 3 2005 // Insurance Commissioner John Garamendi announced the initial results of the aggressive outreach campaign launched in August 2004 to enroll eligible Los Angeles drivers in the California Low Cost Auto Insurance Program...
Lessons Learned from a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
N.Y. No-Fault Insurance Fraud Ring Busted
Dec 30 2004 // New York Attorney General Eliot Spitzer and State Insurance Superintendent Gregory Serio on Wednesday announced the arrest of 31 members of a Bronx based no-fault insurance fraud ring that reportedly submitted phony...
Another N.Y. Auto Insurer Reduces Rates
Dec 30 2004 // New York Superintendent of Insurance Gregory V. Serio announced that Progressive Northeastern Insurance Company (PNEIC) will reduce its rates an average of 5.1 percent for 2005, saving its private passenger customers...
Dec., Jan. Worst Months for Auto-Deer Collisions in Ala.
Dec 28 2004 // There is one deer for every 2.5 registered vehicles in Alabama — 1.8 million deer and 4.5 million vehicles according to the Insurance Institute for Highway Safety in Arlington, Va. Usually, deer stay in the woods and...
Esurance Sales Center Plan Heats Up East Coast Auto Policy Competition
Dec 28 2004 // Esurance, a direct-to-consumer auto insurance company, has announced plans to open a new Tampa Sales Center and to hire 25 sales representatives. The new sales center will supplement activities at the company’s Tampa...
MetLife Names Rein to Chief Administrative Officer; Mullaney Succeeds Her at Metropolitan P&C
Dec 28 2004 // MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective January 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will oversee...
Met Life Agrees to Cut N.Y. Auto Rates 6%
Dec 23 2004 // Another auto insurer has agreed to reduce its rates in New York State in response to Superintendent of Insurance Greg Serio’s call for rate reviews. MetLife Auto & Home is reducing its auto insurance rates by an...
RLI Opens Commercial Auto Unit
Dec 22 2004 // RLI Transportation, a division of RLI Insurance Company, has launched a commercial auto insurance unit. According to RLI Transportation President David Dunn, the new unit will write mono-line commercial auto business with...
Calif. Mother Arrested in “Stuffed Passenger” Auto Insurance Accident Case
Dec 22 2004 // Ebony Kirk, 25, of Sacramento, was arrested and booked into the Sacramento County Jail for falsely reporting herself as a passenger in an auto accident occurring on Aug. 19, 2003. She was charged with four felony counts of...
Wis. Appeals Court: Judge Erred in General Casualty Auto Liability Limits Ruling
Dec 22 2004 // WAUSAU, Wis.—A Brown County judge erred in ruling that a car insurance policy must provide $1 million in coverage following a deadly crash involving a 16-year-old driver, a state appeals court ruled recently. The policy...
