Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
AMERICAN FAMILY INS. AUTO RATES TO INCREASE IN NEV
Sep 22 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile...
Alliance Praises NJ Auto Reforms, but Warns on AB 3531
Sep 22 2003 // The Alliance of American Insurers has issued a bulletin applauding the New Jersey Department of Banking and Insurance on their efforts “to quickly implement the automobile insurance reforms of SB 63.” Richard...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Luxury Vehicles on East Coast Targeted for Theft, Export to Nigeria
Sep 17 2003 // The recovery of 12 vehicles to Baltimore from Antwerp, Belgium announced this week reportedly illustrates a troubling trend in vehicle theft, the targeting of luxury vehicles in the United States for theft and export to...
Conning Says Car Owners Subsidizing Premiums for Light Truck and SUV Owners
Sep 16 2003 // SUVs and light trucks, auto makers’ highest profit generators, are reportedly fast becoming one of auto insurers’ biggest risks, according to a study by Conning Research and Consulting, Inc. “For years,...
Response Insurance Acquires National Merit Insurance from Unigard
Sep 16 2003 // Response Insurance Company, a direct-to-the-consumer auto insurer based in Meriden Conn., announced it has signed a stock purchase agreement to acquire National Merit Insurance Company from Unigard Insurance Company, a...
Texas Mutual Announces Large Dividends for Purchasing Groups
Sep 16 2003 // Texas Mutual Insurance Company announced that two workers’ compensation purchasing groups will receive significant group dividends upon approval of the Texas Department of Insurance. The CompGroup AGC purchasing...
Mich. Auto Rates Up 7% This Year
Sep 15 2003 // Auto insurance rates in Michigan have increased an average of 7 percent so far in 2003, according to the Insurance Institute of Michigan (IIM). Nationally, auto insurance costs are expected to rise 8.5 percent this...
ISO Authorized to Provide Advisory Pricing Info to Texas Insurers
Sep 11 2003 // Insurance Services Office Inc. (ISO) announced that it is now able to provide advisory information services to Texas insurers for four lines of insurance—commercial auto, personal auto, homeowners and dwelling...
N.J. Man Sentenced for Participation in Phony Staged Auto Accident Scheme
Sep 10 2003 // New Jersey Attorney General Peter Harvey announced that an Essex County man has been sentenced in Superior Court for his reported role in an organized scheme to illegally obtain official police accident reports in order to...
NACE 2003 Conference Offers 45+ Educational Sessions
Sep 9 2003 // The International Autobody Congress & Exposition (NACE) 2003 Conference will include 45+ educational sessions covering shop management, general interest, small shop, vehicle repair, lifestyle, jobber and insurance...
‘Limited Tort’ Option Lowers Pa. Auto Rates
Sep 8 2003 // According to an article in the Philadelphia Inquirer, 70 percent of the drivers in Philadelphia and nearly half of all Pennsylvanians can now lower their auto premiums by selecting the “Limited Tort” option...
WHO to Promote Road Safety
Sep 8 2003 // The World Health Organization (WHO) has designated “Road Safety” as the theme of next year’s World Health Day (WHD), to be observed April 7, 2004. The resolution, adopted by the General Assembly can be...
I.I.I. Reports Auto Rates on the Rise
Sep 8 2003 // Rising costs of medical care, vehicle repair, jury awards, automobile theft and fraud are expected to drive up auto insurance rates by six percent in 2004, according to an analysis by the Insurance Information Institute...
N.C. Auto Body Manager Arrested on Fraud Charges
Sep 3 2003 // North Carolina Insurance Commissioner Jim Long announced the arrest of Jim Goodman, manager, foreman and estimator for USA Custom Paint and Body Shop of Raleigh, N.C., on six counts of making a false statement to procure...
AMS Adds State Auto to List of TransactNOW Clients
Sep 3 2003 // AMS Services, Inc. announced that State Auto Insurance Companies, which services 26 states, has joined TransactNOW(TM), becoming the 17th carrier to participate. Introduced this past March at the AMS National Users’...
Farmers Lowers Ill. Auto Rates
Sep 2 2003 // Direct writer Farmers Insurance Group announced it is reducing auto rates in the state of Illinois. Farmers customers in Illinois will see a rate decrease of 4.2 percent effective Sept. 1. Farmers will also be introducing...
Ontario Auto Insurance Reforms ‘Excellent News’ for Consumers Says IBC
Sep 2 2003 // The Insurance Bureau of Canada lauded the Ontario government’s enactment of the latest package of automobile insurance reforms, indicating that they will help to cut costs and reduce fraudulent claims. The reforms...
CIS Inc. Enters S.C. Non-Standard Auto Market
Aug 29 2003 // Jess Chappell, president and CEO of Savannah, Ga.-based CIS Inc., announced that CIS plans to enter into the South Carolina non-standard auto market by taking over the administration of an already existing...
American Family Ins. Auto Rates to Increase in Nev.
Aug 29 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile...
