Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Ky. Supreme Court Rules on Parental Consortium Claims
Nov 5 2002 // The Kentucky Supreme Court unanimously ruled in Daley v. Reed recently that a claim for loss of parental companionship and services is payable under the “each person” limit, not the “each accident”...
Kingsway Applauds Ontario Auto Insurance Reform Proposals
Nov 4 2002 // Toronto-based Kingsway Financial Services Inc., a leading provider of non-standard auto insurance in Canada and the U.S., announced that it is very much in favor of recently introduced legislation to reform the Ontario...
Trio Arrested for Reported Involvement in Calif. Auto Fraud Scam
Nov 1 2002 // Investigators with the California Department of Insurance (CDI) Organized Auto Fraud Interdiction Task Force arrested a Rio Linda woman, along with her former common-law husband and his brother-in-law on multiple charges...
Ohio Ins. Director Files 10th Brief in Auto Parts Dispute
Oct 30 2002 // Ohio Insurance Director Lee Covington has become the point man for insurance commissioners nationwide, who are worried about court decisions, usually involving class actions, that they feel trespass on their regulatory...
SAFECO Reports Continued Earnings With 3rdQ Net Income Increase
Oct 29 2002 // SAFECO reported continued earnings growth as third-quarter net income increased to $75.2 million, or $0.59 per diluted share. Income before charges and realized gains increased to $86.4 million, or $0.68 per diluted...
Pair Arrested on Auto Fraud Charges
Oct 28 2002 // John Lee Sullivan, 50, of Applegate and Debra Michell Sprigg, 42, of Sacramento were arrested and charged with two counts of felony insurance fraud. The California Department of Insurance (CDI) Criminal Investigations...
Fla. Auto Agent Charged with Misappropriation
Oct 25 2002 // A LeHigh Acres, Fla. insurance agent was arrested on a charge of misappropriation of insurance premiums for allegedly failing to place commercial automobile coverage for numerous customers. The arrest was a result of a...
State Auto Financial Q3 Net Falls, Despite 57.6% Rise in Operating Revenue
Oct 25 2002 // Ohio’s State Auto Financial Corporation (STFC) reported third quarter net earnings of $5,885,000, a decrease of between 3 and 5 cents per share. “Net reported earnings per share were $0.15, basic and diluted,...
Brooklyn Police Officers Charged in Auto Insurance Fraud Scheme
Oct 24 2002 // Three police officers of the 61st Precinct in Brooklyn, N.Y. have been charged with insurance fraud after allegedly falsifying at least two dozen auto accident reports resulting in more than $1.5 million in fraudulent...
Alabama Schedules Auto Rate Hearing
Oct 23 2002 // The Alabama Department of Insurance will hold a public hearing on the proposed revision of Alabama private passenger automobile insurance rates and rules as filed and requested by American Commerce Insurance Company. The...
Indiana Cases Focus on ‘Diminished Value’ Claims
Oct 22 2002 // An Indiana resident has filed suit in Federal Court in Indianapolis against his insurance company, alleging that, although his car was repaired after an accident, he was unable to obtain a reasonable price for it, and...
Franchised Truck Dealer/GL
Oct 22 2002 // Nuts & Bolts: Myers Benner Corporation is offering a program for franchised truck dealers/garage liability. Available on a brokerage basis. Programs include pkg., inventory, workers’ comp and umbrella. Dollars:...
NAII Opposes Proposed Conn. Auto Repair Pricing Regulation
Oct 18 2002 // The National Association of Independent Insurers (NAII) has decried a proposed Connecticut Department of Motor Vehicle regulation that would allow auto dealers and repair shops to use a reference guide for calculating...
InsWeb Reports 3Q Financial Results
Oct 17 2002 // Calif.-based InsWeb Corp. announced results for the third quarter ended Sept. 30, 2002. Revenues for the third quarter totaled $6.0 million, compared to $5.8 million in the third quarter of 2001. InsWeb recorded a net loss...
Dairyland Auto Insurance Rates to Increase
Oct 14 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has granted a request by Dairyland Insurance Company (Dairyland) to increase its private passenger automobile insurance rates by an overall 8.5 percent statewide...
Mendoza Looks for Nov. Triumph in Calif. Commissioner Race
Oct 14 2002 // Insurance Journal senior writer Dave Thomas recently interviewed Republican Insurance Commissioner candidate Gary Mendoza, the former Commissioner of Corporations about the upcoming election and the current issues facing...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
AAI Study Highlights Reported Replacement Parts Rip-Off
Oct 10 2002 // A new study by the Alliance of American Insurers demonstrates that auto owners and their insurance companies continue to pay large prices to repair damaged vehicles using so-called “genuine” parts supplied by...
Fitch: Auto Underwriting Continues to Be Unprofitable
Oct 10 2002 // Auto insurance financial results will improve in 2002 and 2003, but these gains will be insufficient to return the industry to underwriting profitability, according to a report by Fitch Ratings. Based on the market’s...
Calif. Auto Fraud Ring Arrested
Oct 9 2002 // The California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division, with the assistance of the National Insurance Crime Bureau (NICB), obtained arrest warrants for six suspects after a...
