Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
CDI Busts Auto Fraud Ring
Jul 21 2003 // Eight people were arraigned recently on charges of insurance fraud and assault with a deadly weapon resulting from an ongoing investigation by the California Department of Insurance (CDI) Fraud Division, the California...
AIG Postpones N.J. Withdrawal Plan in Response to Auto Reforms
Jul 16 2003 // New Jersey Banking and Insurance Commissioner Holly Bakke announced a broad-ranging agreement recently to protect consumer access to automobile insurance in New Jersey, in which subsidiaries of American International Group...
N.J. Woman Charged With Using Phony Auto Insurance Card
Jul 15 2003 // New Jersey’s Attorney General Peter Harvey announced that an Essex County woman has been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with allegedly possessing a...
Calif. Trio Charged with 28 Counts of Auto Fraud
Jul 14 2003 // Three suspects were arrested and charged with 28 felony counts after an investigation by multiple agencies into a staged auto collision ring in the Los Angeles area, which cost insurance companies an estimated $1 million...
State Auto Financial Expects Storms to Impact Earnings
Jul 10 2003 // Ohio-based State Auto Financial Corporation has increased its estimate of May storm losses by $16 million, bringing the total to $39 to $42 million, pre-tax. This will add seven loss ratio points to the previous estimate...
Thieves Target Pickups in Texas
Jul 9 2003 // According to the Texas Department of Transportation, American-made pickup trucks are the most popular vehicles for thieves to steal in the state. And those most often stolen are not necessarily new. TxDOT named the General...
Chase to Return to Auto Leasing in R.I.
Jul 9 2003 // Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, announced that it will return to the auto leasing business in Rhode Island immediately after the Governor signs a new bill limiting...
Fourteen Arrested in Fraud Sweep
Jul 7 2003 // The CDI and the Los Angeles County Auto Insurance Fraud Task Force arrested 14 people who are suspected of defrauding three insurance carriers in a criminal conspiracy. The suspects allegedly sold insurance policies to...
Latino Market Heats Up
Jul 7 2003 // It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
IBC Sees Ontario Auto Reform as a Step in Controlling Costs
Jul 3 2003 // The Insurance Bureau of Canada has endorsed the Ontario government’s announcement today of reforms to the auto insurance system in the province. “The reform package includes detailed regulations to implement...
Honda Set to Stop N.Y. Auto Leasing Due to Liability
Jul 3 2003 // The U.S.-based financing company for Japan’s Honda Motors is reportedly set to end automobile leases in New York at the end of the month due to the State’s third-party liability laws. NY law considers lessors...
AAI Says Pa. Motorcycle Helmet Legislation Headed for Wrong Turn
Jul 2 2003 // A bill sent to the governor on Tuesday repealing Pennsylvania’s 35-year-old mandatory motorcycle helmet law is ill-advised and should be vetoed, according to a long-time advocate of vehicular safety. The bill (SB...
PIFC Says Auto Rates will Skyrocket if Territorial Rating is Eliminated
Jul 2 2003 // Four California Insurance Commissioners and the California Supreme Court agreed the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in 1988. The...
State Auto Takes Shepard to Court
Jul 1 2003 // Auto insurer State Auto Financial Corp. has filed a lawsuit against Gregory Shepard, a minority shareholder attempting a takeover bid of the company, for “intentional misrepresentations and omissions” they...
Calif. Man Pleads Guilty to Auto Fraud
Jul 1 2003 // Brian Wynn Stevens, 34, of Helendale, pled guilty to one count of insurance fraud stemming from an auto accident that occurred while he was uninsured, according to an investigation by the California Department of Insurance...
London American General Agency Unveils Calif. Small Used Car Dealer Program
Jun 30 2003 // London American General Agency announced its new exclusive California Used Car Dealer Program. Written through an A VX rated insurer, this program is underwritten in-house and the carrier is non-admitted. Coverage...
State Auto Committee Says Don’t Talk to Shepard
Jun 30 2003 // Outside directors of Columbus, Ohio-based State Automobile Mutual Insurance Co., constituted as a special committee to review takeover proposals advanced by investor Gregory M. Shepard of Bloomington, Ill., announced today...
Auto Rate Hearing Scheduled in Alabama
Jun 27 2003 // The Alabama Insurance Department announced that a public hearing on the proposed revision of private passenger automobile insurance rates and rules as filed and requested by Encompass Insurance Company of America and The...
IIANJ Urges Companies to Consider N.J. Market Following Auto Reforms
Jun 25 2003 // Leaders of The Independent Insurance Agents of New Jersey, which represents over 700 small businesses in the state, gathered at the New York Hilton on Sunday morning to meet with insurance company executives to discuss the...
