Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
State Farm Drops Auto Insurance Rates in New Mexico
May 10 2004 // State Farm Insurance, New Mexico’s largest auto insurer, is lowering customer rates by an average of 5 percent statewide thanks to fewer claims. Illinois-based State Farm, which handles more than 282,400 insurance...
AIA Pleased With 2004 Colorado Legislative Session
May 7 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...
N.J. Sale of Low-Cost Auto Policy Nears 3,000
May 6 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke announced that the number of drivers purchasing the Dollar-a-Day auto insurance policy has increased 79 percent in just four weeks. “The jump in the number of...
PCI Urges Commonwealth Auto Reinsurers to Adopt Changes in Way It Operates
May 6 2004 // The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to...
MetLife Auto & Home Promotes Safer Teen Driving
May 4 2004 // Nearly all states have enacted graduated driver’s licensing laws, requiring parents to spend many hours in the passenger’s seat with their teens behind the wheel. For parents and teens alike, the prospect may...
Fireman’s Fund Picks American Collectors Insurance to Provide Collector Vehicle Coverage
May 4 2004 // Fireman’s Fund Insurance Company has chosen American Collectors Insurance Inc. a specialty niche managing general agent – as exclusive provider for its co-branded collector vehicle program that insures the...
Fla. Woman Charged with Selling Phony Insurance Cards
May 4 2004 // Florida’s Chief Financial Officer Tom Gallagher announced the arrest Monday of a woman who reportedly sold phony motor vehicle insurance cards to an undercover insurance fraud investigator with the Department of...
Texas Becomes a Direct Action State’
May 3 2004 // Got your attention, didn’t I? One of those things every Texas insurance professional knows is that Texas is not a direct action state—simply put, an injured third party cannot sue the tortfeasor’s insurance...
Dozens Arrested For Auto Body Insurance Fraud in Northern California
May 3 2004 // A multi-agency enforcement unit conducted a sweep April 1 that has to date resulted in the arrests of 27 suspects following a year-long undercover investigation into auto body insurance fraud. Warrants were issued by the...
Reports Find Wide Range of Auto Rates Across U.S.
May 3 2004 // Two recently released studies on automobile insurance rates show a wide variation in costs across the nation. They also seem to show a big discrepancy in their findings. It turns out, however, that al-though they’re...
TEXAS AG SETTLES WITH INSURERS:
May 3 2004 // Texas Attorney General Greg Abbott reached a final settlement with two auto insurers that will result in estimated refunds of more than $700,000 to Texas policyholders who paid more on their claims for auto repairs than...
Auto Dismantling and Repossessors
May 3 2004 // Nuts & Bolts: G.J. Sullivan Co., a Southern Calif.-based program manager and wholesaler, announced a new market for auto dismantlers and repossessors. Dollars: No minimum premium. Minimum deductible is $500. Policy...
