Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Mass. High Risk Plan Passes Key Vote; Insurers Expected to Begin Offering Agents Contracts
May 24 2004 // A plan to convert the state’s high risk auto reinsurance facility in Massachusetts to an assigned risk plan (ARP) was approved by the industry officials running the current plan at a special meeting on March 20. One...
Report: Auto Premium Errors Cost Insurers $15 Billion
May 21 2004 // Premium rating errors lowered the overall profits of auto insurance companies by an estimated $15.2 billion in 2003 due to inaccuracies in rating information, according to a new report. Quality Planning Corporation, in its...
Texas Approves Additional ISO Commercial Auto Tools
May 21 2004 // The Texas Department of Insurance (TDI) has cleared the way for insurers to make filings immediately using Insurance Services Office Inc.‘s (ISO) commercial auto advisory information. According to ISO, its advisory...
Illinois House Rejects Higher Auto Insurance Limits
May 20 2004 // An Illinois Senate bill that would have increased private passenger automobile financial responsibility limits was overwhelmingly defeated on the House floor this afternoon, according to the Property Casualty Insurers...
State Auto Goes Real-Time
May 19 2004 // Columbus, Ohio-based insurer State Auto announced it has enhanced its agency portal with functionality for independent agents to receive policy quotes, request policy issuance, and complete endorsement transactions, all in...
Colorado Policyholders Seek Lawsuit over Auto Insurance Premiums
May 17 2004 // A group of Colorado motorists claim they have overpaid auto insurance premiums for the past 25 years and should be reimbursed. Insurance representatives claim if the proposed class-action lawsuit is successful, it could...
N.J. Woman Grounded in Auto Fraud Probe
May 17 2004 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging a Mercer County woman with...
N.Y. CAR LEASING TAKES TO AIRWAVES:
May 17 2004 // An auto industry group, The Alliance of Automobile Manufacturers, has launched a radio advertising campaign directed at the Democratic-controlled New York Assembly trying to prod the lawmakers into revoking the...
Elderly Drivers Pose Growing Challenge for States and Auto Insurers
May 17 2004 // As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older...
N.J. Insurer Proves Putting Customers First Has Its Own Rewards
May 17 2004 // New Jersey Manufacturers Insurance Group doesn’t advertise, does little self-promotion and tells its employees to put good service above growing the company. There are no fancy corner offices, no posh boxes at sports...
Michigan’s Granholm Moves to Ban Insurance Scoring
May 17 2004 // When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was back in 2002. It was...
Mass. Gov. Romney Kicks Auto Insurance Reform into High Gear
May 17 2004 // The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the...
Reports Find Wide Range of Auto Rates Across U.S.
May 17 2004 // Two recently released studies on trends in automobile insurance rates show a wide variation in the cost for coverage across the nation. At first glance, they also seem to show a big discrepancy in their findings. It turns...
AIA Pleased With 2004 Colorado Legislative Session
May 17 2004 // The Colorado legislature adjourned sine die on May 5, giving final approval to several measures before going home. The American Insurance Association (AIA) reported that positive legislation affecting the insurance...
Michigan Negotiations on Credit Scoring Apparently in Vain as Gov. Granholm Pushes for Ban
May 16 2004 // Jennifer Granholm When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was...
R.I. Measure Seeks Car Rental Coverage Details
May 14 2004 // The Rhode Island House of Representatives has passed legislation sponsored by House Majority Whip Rene R. Menard to require vehicle rental companies to clearly lay out the restrictions on the collision insurance they...
Utah Committee Considers Uninsured-drivers Problem
May 13 2004 // A committee of legislators and state agency and insurance representatives is considering how the state might implement a plan to treat the state’s 120,000 uninsured drivers much the way financial institutions deal...
Fla. Man Busted for Selling Fake Cards
May 12 2004 // A Florida man has been charged with selling fraudulent motor vehicle insurance cards to nearly 200 South Florida drivers, at least a dozen of whom are now facing charges for using the fake cards, Florida’s Chief...
Electric Insurance Company announces the launch of real-time auto quoting through IVANS Transformation StationTM
May 12 2004 // Electric Insurance appointed agents in Indiana, Illinois and Wisconsin who use Applied TAM now have the ability to conduct real-time auto quoting without leaving their agency management system. Real-time quoting eliminates...
New IRC Study Reveals Regional Auto Claim Cost Differences in California
May 12 2004 // According to a new Insurance Research Council (IRC) report, Californians in major cities are more likely than non-metropolitan residents to 1) be involved in auto accidents, 2) have auto insurance losses per insured...
