Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Del. Becomes First State to Implement InsureNet’s Vehicle Insurance Verification System
Jun 11 2003 // Technology provider InsureNet USA Inc. announced that Delaware has become the first state in the U.S. to adopt the company’s InsureNet System, an accurate vehicle insurance status system. The system, which operates...
N.J. Gov. McGreevey Signs Auto Reform Bill; AAI Optimistic Further Changes Can Be Accomplished
Jun 10 2003 // While commending New Jersey Gov. James McGreevey (D) for signing into law on Monday important auto insurance reform legislation, the Alliance of American Insurers (AAI) warned those who want to attract and keep good auto...
PIANJ Hails Signing of N.J. Auto Reform Bill
Jun 10 2003 // The Professional Insurance Agents of New Jersey Inc. hailed Governor James E. McGreevey’s signing of S.63/A.2625, reform legislation aimed at combating the State’s auto insurance crisis (See Article in...
PIFC Reports on Dangers of Eliminating Territorial Rating
Jun 9 2003 // Four California Insurance Commissioners and the California Supreme Court reportedly agree-the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in...
REPORT SAYS U.S. INSURANCE INDUSTRY LOSES $13.7B ANNUALLY DUE TO AUTO PREMIUM RATING ERROR:
Jun 9 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
N.M. COURT OF APPEALS REJECTS AUTO LIABILITY:
Jun 9 2003 // The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James...
Sparks Fly During Nevada’s Legislative Session
Jun 9 2003 // The fireworks, bright lights and loud noises emanating from Nevada is not the Las Vegas strip, it is actually the final weeks of legislative debate in the state capital in Carson City. Once again the Nevada legislature has...
Aon Corp. Expands, Renames Collector Car Program
Jun 5 2003 // Aon Corporation recently expanded in the collector car insurance marketplace and offers coverage for a variety of models including antiques, classics, street rods, customs and vintage. The newly named Aon Collector Car...
Associations Tell Mass. Commissioner to Let Competition Determine Auto Premiums
Jun 4 2003 // Private passenger auto insurance premiums should be determined competitively and the Massachusetts Division of Insurance should move toward that goal carefully, but expeditiously, wrote the National Association of Mutual...
Alliance Hails DC Reg. Promoting Use of Aftermarket Auto Parts
Jun 4 2003 // The Alliance of American Insurers issued a bulletin indicating that proposed changes to the District of Columbia’s auto insurance regulations “would assure the use of quality generic aftermarket replacement...
Three Men Indicted in N.Y. Motorcycle Fraud Ring
Jun 2 2003 // Eliot Spitzer, New York’s Attorney General, and State Insurance Department Superintendent Gregory V. Serio jointly announced the arrest of three men, Michael Colon, Rafael Feliz and Fermin Gonell, named as defendants...
PIFC Says Auto Rates will Skyrocket for Drivers in 51 Calif. Counties if Territorial Rating is Eliminated
May 30 2003 // Four California Insurance Commissioners and the California Supreme Court reportedly agree – the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103...
American Vehicle Approved to Write GL in Florida
May 30 2003 // Plantation, Fla.-based 21st Century Holding Company announced that one of its subsidiaries, American Vehicle Insurance Company, has been approved by the insurance division of the Florida Department of Financial Services to...
Fourteen Arrested for Insurance Fraud in L.A. Sweep
May 23 2003 // The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal...
Palisades Group Acquires Prudential’s NJ P/C Company
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
Alabama to Hold Auto Rate Hearings on June 18
May 22 2003 // The Alabama Insurance Department announced it will hold public hearings on the proposed revisions of private passenger automobile insurance rates and rules as filed and requested by the four separate companies on June 18,...
State Auto Expects About $23 Million in May Storm Losses
May 21 2003 // State Auto Financial Corp. announced that it estimates that May storms would contribute about $23 million to $26 million pre-tax to losses in the second quarter, adding 10 to 11 direct-loss ratio points to second quarter...
The Hartford Launches Agent Suite of Transactions Using XDTI
May 21 2003 // The Hartford Financial Services Group has introduced a suite of transactions for independent agents who use XDimensional Technologies’ (XDTI) Nexsure agency management system, further increasing agents’ ease of...
CDI Busts 19 Bay Area Auto Body Shops
May 20 2003 // Nineteen California auto repair shops were busted by the Department of Insurance last week for allegedly providing fraudulent written repair estimates for vehicles that had no visible damage, according to the Associated...
SAFECO Introduces New Motorcycle Product in Texas
May 19 2003 // Nuts & Bolts: Safeco announced a new motorcycle coverage designed to compete in a market that’s growing steadily at an estimated 10 percent a year. The company said the average motorcycle owner is 38 years old...
