Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
People Moves: BMS Australia Hires Gallagher’s Van Dugteren, Aon’s McKenzie; elseco’s Warren to Oneglobal; Miller Appoints WTW’s Goreham to Lead Construction
Sep 14 2021 // This edition of International People Moves details appointments at three brokers: BMS, Oneglobal Broking and Miller. A summary of these new hires follows. BMS Australia Names Gallagher’s Van Dugteren, Aon’s...
Commercial Auto Insurance Profitability Still Way Down the Road: S&P
Sep 8 2021 // U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings...
Obstacles to Wider Acceptance of Usage-Based Auto Insurance Remain
Sep 7 2021 // Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics, privacy concerns, misunderstanding about the technology, and even...
AM Best Assigns Credit Ratings to ASMI Auto Group Members
Sep 2 2021 // AM Best assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to ASMI Auto Insurance Co., ECMI Auto Insurance Co. and ESMI Auto Insurance Co. The...
A-MAX Auto Insurance Opens New Branch in South Houston
Sep 2 2021 // A-MAX Auto Insurance, which specializes in providing low-cost insurance to residents and businesses, opened a new branch office in Houston. The branch is located inside an H-E-B grocery store and is the 42nd A-MAX office...
Safety Regulator Reports 12th Tesla Autopilot Car Crash Involving Emergency Vehicle
Sep 2 2021 // U.S. auto safety regulators on Wednesday said they had identified a 12th crash involving Tesla Inc. vehicles using advanced driver assistance systems in incidents involving emergency vehicles and demanded the automaker...
Trio Accused of Staging Auto Accidents in California
Aug 31 2021 // Three people face multiple charges in connection with staged auto insurance accidents Los Angeles, the Los Angeles District Attorney’s Office reported. Los Angeles County District Attorney George Gascón said Eduardo...
New York Volunteer Firefighter Killed by Reversing Fire Truck
Aug 30 2021 // A volunteer with the Hartland fire company was killed on Tuesday evening when a fire truck she was helping to direct reversed into her, authorities said. The Niagara County Sheriff’s office said several fire...
Tesla Slams into Florida Highway Patrol Car on Autopilot
Aug 30 2021 // A Tesla driving in autopilot mode slammed into a Florida Highway Patrol cruiser on an interstate near downtown Orlando and narrowly missed its driver, who had pulled over to assist a disabled vehicle. Earlier this month,...
Nevada Jury Awards $38.8M to Family of Girl Killed by Trash Truck
Aug 30 2021 // A jury in Las Vegas, Nev., has awarded $38.8 million in damages to the family of an 11-year-old girl who was fatally hit by a trash truck as she walked home from school in February 2017. The Clark County District Court...
DealerPolicy Raises $110M for Embedded Insurance for Retail Auto Sales Industry
Aug 26 2021 // DealerPolicy, a digital insurance marketplace for retail car sellers and buyers, announced a $110 million Series C investment led by the growth equity business within Goldman Sachs Asset Management. The Vermont-based...
‘Be Honest’: New Transportation Safety Chief Warns Robot-Car Claims Erode Public Trust
Aug 25 2021 // The nation’s new chief accident investigator wants to send a message: growing public confusion over automated driving systems in the U.S. is threatening to undermine the potential safety benefits of the...
UK Insurers Warned They Could Face Regulatory Action Over Car, Home Policies
Aug 25 2021 // LONDON – Insurers in Britain that are not ready to implement tougher “value for money” rules on car and home policies could face disciplinary action, the Financial Conduct Authority said on Wednesday. The FCA...
It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups
Aug 23 2021 // Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past year, with an additional feature: Human operators. While there is no driver behind the wheel,...
Effective Sept. 1 All Auto Insurers in Texas Must File Rates with Actuarial Support
Aug 20 2021 // A bill that becomes effective in Texas repeals a section of the state’s insurance code that allows certain auto insurers to file rates with the Texas Department of Insurance (TDI) without providing actuarial support...
Digital Auto Insurer Root Will Add Independent Agents to Its Distribution
Aug 20 2021 // Digital auto insurer Root saw its loss ratio spike in the 2021 second quarter as higher costs for repairs, used vehicles and miles driven rose above pre-pandemic levels. But the Ohio-based insurer continues to report...
Classic Car Specialist Hagerty to Become Public Company in SPAC Deal
Aug 18 2021 // Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial Inc. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become...
Settlement Reached on PIP Coverage for Michigan Car Accident Victims
Aug 17 2021 // Michigan insurance regulators and the state’s personal injury protection (PIP) medical coverage program have reached an agreement regarding unlimited coverage for persons injured in an automobile accident prior to...
Insurtech VOOM, Markel Offering Mileage-Based Motorcycle Insurance
Aug 17 2021 // Mobility insurtech VOOM and specialty insurer Markel have teamed up to launch a per-mile insurance offering for motorcycles in select states. VOOM will distribute the per-mile product both directly to riders and through...
Oneglobal Launches Netherlands Office, Naming van der Wyck as CEO
Aug 16 2021 // London-based Oneglobal Broking announced the launch of a Netherlands office with Alex van der Wyck named CEO of Oneglobal Netherlands. Oneglobal’s start-up in the Netherlands, continues the strategic build-out of its...
