Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
Researchers Study 2.7M Auto Records; Reportedly Find Irrefutable Connection Between Credit History and Risk of Loss
Jun 24 2003 // In the largest and reportedly most comprehensive study ever undertaken on the connection between credit history and insurance risk, a team of researchers has found that a consumer’s credit-based insurance score is...
Shepard Raises Offer for 8 Million Shares of State Auto Financial
Jun 24 2003 // Investor Greg Shepard, who owns about 5 percent of Columbus, Ohio-based State Auto Financial Corp., offered to commence a tender offer for 8 million of State Auto’s 10.9 million public shares at $30 each. Shepard...
Insurance Auto Auctions Acquires N.C. Salvage Disposal Co.
Jun 24 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just...
S-5700 Passes N.Y. Assembly – Extends NYPIUA, Restores “2%” Rule
Jun 24 2003 // The New York Assembly followed their colleagues in the State’s Senate by passing legislation, S.5700, which extends the New York Property Insurance Underwriting Association’s authority for another year and...
Pa. Department Releases Market Conduct Exam Report; Results from Review of Private Passenger Auto Underwriting Guideline
Jun 23 2003 // Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, has released results from the Private Passenger Automobile Underwriting Guidelines review conducted by the...
NICB Says Port, Border Areas Special Targets for Vehicle Theft
Jun 23 2003 // The National Insurance Crime Bureau (NICB) reported that nine of the top 10 metropolitan areas for vehicle theft are in or near ports and Canadian and Mexican borders or within easy reach of them. The 10 metropolitan areas...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
NAII: Compulsory Auto Insurance Won’t Work in Wisconsin
Jun 20 2003 // Laws mandating that consumers buy auto insurance do not reduce the number of uninsured motorists, are virtually impossible to enforce and a bill to implement such a program in Wisconsin will not help the insurance market,...
Holyoke’s Departure Another Blow to Mass. Auto Market Says NAII
Jun 20 2003 // Holyoke Mutual Insurance Co.’s announcement that it will exit the auto insurance business and has entered into an arrangement to transfer all of its Massachusetts auto insurance business to Plymouth Rock Assurance...
AIA Opposes Repeal of Pa. Motorcycle Helmet Law
Jun 19 2003 // The American Insurance Association joined Western Pennsylvania’s Hospital Council in opposing the repeal of the state’s 35-year old motorcycle helmet safety law (See IJ Website June 18), calling it...
Plymouth Rock Reaches Agreement with Holyoke Mutual
Jun 19 2003 // Boston-based Plymouth Rock Assurance Corporation announced that it would offer five-year contracts to independent agents who represent Holyoke Mutual for Massachusetts private passenger auto insurance. Holyoke, based in...
IBC Analysis Confirms Increased Auto Claims Costs
Jun 18 2003 //
