Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
21st Century Says A.M. Best Reaffirmed Ratings
Dec 24 2002 // 21st Century Holding Company, a vertically integrated financial services holding company headquartered in Plantation, Fla, announced today that AM Best reaffirmed ratings for Federated National Insurance Company (rated...
N.Y. Man Sentenced for Running Auto Chop Shop
Dec 20 2002 // New York Superintendent of Insurance Gregory Serio announced that Ernest Varacalli, 58, was sentenced Monday to 10 years in prison and 3 years probation and ordered to pay nearly $1 million in restitution to insurance...
Franchised Truck Dealer/GL
Dec 19 2002 // Nuts & Bolts: Myers Benner Corporation is offering a program for franchised truck dealers/garage liability. Available on a brokerage basis. Programs include package, inventory, workers’ comp and...
PIANY Urges Legislative Action on Auto Insurance Fraud
Dec 19 2002 // The the Professional Insurance Agents of New York State Inc. (PIANY) has issued a statement urging the New York State Legislature and Gov. George Pataki to pass legislation to address auto insurance fraud. Both the...
Coalition Circulates Petition Urging N.J. Auto insurance Reform
Dec 17 2002 // The Coalition For Auto Insurance Competition, an alliance of insurance and other business associations, announced plans to circulate a petition among New Jersey residents urging the state legislature to pass the The New...
Mass. Insurance Division Approves 2.7 Percent Auto Rate Increase
Dec 16 2002 // Massachusetts Insurance Commissioner Julie Bowler announced a 2.7 percent auto insurance rate increase for 2003 after rejecting an average rate increase request by insurers of 7 percent. The smaller rate increase...
PROBLEMS IN RESIDUAL AUTO MARKET
Dec 16 2002 // A recent report by issued by the Alliance of American Insurers shows that despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in...
Let’s Reform the Texas Insurance Market the Right Way
Dec 16 2002 // Oklahoma Insurance Commis-sioner Carroll Fisher put it best when he recently said, “The best regulator of insurance rates is the consumer. For all the hard work state employees do to regulate insurance companies,...
Auto Fraud Scheme Leads to Plea Bargain from Calif. Man
Dec 16 2002 // Keith Aaron Hayes, 49, a resident of Hacienda Heights, Calif., pled no contest to one count of auto insurance fraud and one count of capping on Nov. 13, 2002. The Los Angeles County District Attorney’s Office...
NCOIL Adopts Credit Model, Postpones Auto Act
Dec 16 2002 // The National Conference of Insurance Legislators (NCOIL) has adopted a credit scoring model act, but postponed action on an aftermarket crash parts model act and a proposal to fund consumer representatives at its recent...
Alabama Schedules January Auto Rate Hearing
Dec 12 2002 // A public hearing on the proposed revision of Alabama personal auto liability and physical damage rates and rules as filed and requested by Safeway Insurance Company of Alabama, is planned for January 14, 2003, at the...
Nev. Approves Rate Change for Liberty Mutual Auto
Dec 12 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire...
Industry Takes Stand at Autobody Congress
Dec 12 2002 // Representatives of the National Association of Independent Insurers (NAII) took a stand for the industry’s position on auto repair issues at the 20th annual International Autobody Congress and Exposition (NACE), held...
NICB Unveils Thieves’ Auto Wish List
Dec 11 2002 // Thieves target a wide range of popular passenger vehicles, with sport utility vehicles (SUVs), pickup trucks, and mini-vans particularly attractive targets, according to a new study conducted by the National Insurance...
Liberty Mutual Auto Rate Change Approved in Nevada
Dec 9 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire...
AAI Says Residual Auto Market Burden Lessens, Still a Problem However in Several States
Dec 6 2002 // Despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000 as revealed in the latest edition of the Alliance of American...
“Harley Heroes” Exhibit Receives Support from Progressive
Dec 5 2002 // The Motorcycle Hall of Fame Museum announced plans to mount an exhibition entitled “Heroes of Harley-Davidson, presented by Progressive Motorcycle Insurance.” The show is scheduled to open in February...
ADP Launches Web-Based Estimate Auditing Tool for Auto Claims
Dec 3 2002 // ADP Claims Services Group announced the general availability of Claimsflo Passport version 3.0, the automotive claims industry’s first web-based auditing tool. Passport version 3.0 audits 100 percent of estimates...
Commercial Auto and General Liability
Dec 2 2002 // Nuts & Bolts: JLD Insurance Brokerage is offering a program for commercial auto and general liability. Dollars: Policy limits of $1,000,000 to $2,000,000. Carrier: Admitted market. States Available:...
Sacramento Area Woman Arrested for Auto Fraud
Nov 28 2002 // A Fair Oaks, Calif. woman was arrested as a result of an investigation by the California Department of Insurance Criminal Investigations Branch’s Fraud Division. Shauna M. Lewis, 28, was booked into the Sacramento...
