Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
Alliance Looking for Broker/Agent Responses to Low Cost Auto Survey
May 3 2004 // With the California Low Cost Automobile Insurance program developing into a major issue this year, both in the Legislature and at the Department of Insurance, the American Agents Alliance is interested in finding out what...
Mass. Commissioner Orders High Risk Pool Changes Within 30 Days; Governor Names Reform Task Force
Apr 30 2004 // Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto...
Highway Deaths Rose Slightly in 2003
Apr 30 2004 // The nation’s report on fatalities shows there were 43,220 deaths overall on the nation’s highways in 2003, up slightly from 42,815 in 2002. At the same time, injuries from motor vehicle crashes declined...
Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force
Apr 29 2004 // A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to...
State of New Mexico to Motorists: Insure That Car or Lose Registration
Apr 29 2004 // New Mexico is ready for step two in its effort to increase the number of insured vehicles on its roads: suspending the registration of nearly 300,000 uninsured vehicles. The suspensions, which will begin next week, are...
Philadelphia Insurance Agents Get Real Time Commercial Auto Services
Apr 29 2004 // Philadelphia Insurance Companies (NASDAQ: PHLY) has launched AutoIDweb, a new service on its AccessPHLY Agent Web Portal that provides agents access to their commercial auto policies with the ability to add/delete vehicles...
Alliance Looking for Broker/Agent Responses to Low Cost Auto Survey
Apr 27 2004 // With the California Low Cost Automobile Insurance program developing into a major issue this year, both in the Legislature and at the Department of Insurance, the American Agents Alliance is interested in finding out what...
ADESA Makes Managements Changes In Ga., Fla.
Apr 26 2004 // Carmel, Ind.-based vehicle auction services firm, ADESA Corp., announced a number of management changes in the Southeast region. It promoted Jason Brinkley to the position of general manager for ADESA Atlanta. A graduate...
