Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Minn. Gov. Signs Bill Banning Managed Care Services in No Fault Auto Claims
Mar 29 2002 // Minnesotans may need to brace themselves for a sharp rise in auto insurance premiums as a result of legislation recently signed by Gov. Jesse Ventura that severely restricts insurers ability to contain medical costs...
Mich. Policy Change Addresses MCCA Threshold
Mar 28 2002 // The Michigan Catastrophic Claims Association (MCCA) Board of Directors announced it has lowered the assessment that the state’s motorists pay for their unique auto insurance unlimited medical benefits. Beginning July...
NAII Says Mo. Auto Insurance Surcharge Would Discriminate
Mar 28 2002 // A bill approved by a Missouri House committee that would impose a surcharge on auto insurance policies to finance a police chiefs and officers retirement fund is discriminatory, according to the National Association of...
S&P Hands National Auto & Casualty Insurance Co. ‘R’ Rating
Mar 28 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to National Automobile & Casualty Insurance Co. after learning that California Insurance Commissioner Harry W. Low put the...
NY Agent/Broker Associations Join to Fight Auto Fraud
Mar 27 2002 // Four leading New York agent and broker trade groups have joined forces to combat “rampant fraud” in the state’s no-fault automobile claims procedures. The Professional Insurance Agents of New York, Inc....
Erie Faces Class Action Lawsuit on Auto Parts
Mar 26 2002 // Erie Insurance Exchange and the Erie Insurance Group are facing a class action lawsuit over the use of replacement auto parts similar to the action brought against State Farm in Illinois which resulted in a multi-million...
Auto Loan/Lease Payoff
Mar 25 2002 // Nuts & Bolts: Progressive Insurance is offering loan/lease payoff auto coverage in Texas. Also known as “gap” insurance, loan/lease payoff coverage pays the difference between what a policyholder owes on...
Insurance Fraud: A Perpetual Bane for Industry, Consumers
Mar 25 2002 // Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise...
Insurance Fraud: A Perpetual Bane for Industry, Consumers
Mar 25 2002 // Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise...
Non-franchised Used Car Dealers
Mar 25 2002 // Nuts & Bolts: DMI Insurance Services Inc. is offering a program for non-franchised used car dealers. Appointments are required. Seeking to form long-lasting, mutually beneficial partnerships with producers that are...
AAI Driven to Object Auto Proposals
Mar 25 2002 // Citing that the drafters of Prop. 103 clearly intended that persistency could not be used as a SOLE determinant, but could be used in combination with other rating factors, the Alliance of American Insurers has come out...
Minn. Senate Passes Glass Repair, Fraud Unit Bills
Mar 21 2002 // Incentives such as “free” steaks, that drive up insurance costs for auto glass repairs may soon be history in Minnesota if the legislature can reconcile the differences in the House and Senate versions of House...
Rutgers Study Finds NJ Auto Insurance Laws Fundamentally Flawed
Mar 20 2002 // A study by John D. Worrall, professor and chair of economics at Rutgers University – Camden, concludes that “New Jersey’s auto insurance laws are fundamentally flawed, guaranteeing an inefficient and...
Divorce Leads Calif. Man to Fraud Arrest
Mar 19 2002 // On March 12, 2002, investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested Jamel Hassan Nichols, 33, for insurance fraud. According to investigators,...
Toyota Camry Makes It Five Years in a Row As Most Stolen Vehicle
Mar 19 2002 // The Toyota Camry has made it five-for-five, ranking in 2001 as tops on the target list of auto thieves, according to a report from CCC Information Services Inc. It was the 1991 model Camry that captured the No. 1 slot...
CDI Commissioner Conserves National Automobile & Casualty Company
Mar 18 2002 // California Insurance Commissioner Harry Low has conserved National Automobile & Casualty Insurance Company as a result of its insolvency. Domiciled in California and headquartered in Pasadena, the company is a wholly...
Col. Auto Choice Bill Passes One Committee,
Mar 18 2002 // The House Business Affairs and Labor Committee approved March 14 House Bill 1351, giving consumers the option of remaining under Colorado’s no-fault auto insurance law or returning to the traditional tort system. The...
NY Charges 30 in $1.6 Million Stolen Car Insurance Fraud
Mar 13 2002 // The New York State Insurance Department and NYC law enforcement officials announced that 24 car owners and 6 “middlemen” have been charged with participating in a fraud scheme to collect insurance recoveries...
Minn. House Passes Auto Glass Reform Bill
Mar 13 2002 // Minnesota, the most expensive state in the nation to get automobile glass repaired, is advancing legislation aimed at controlling costs. The House recently passed HB 2570, which allows insurers to treat auto glass repairs...
PIANY Opposes Reinstatement of Collision Damage Waivers
Mar 12 2002 // The Professional Insurance Agents of New York State has gone on record as opposing proposed legislation to reinstate collision damage waivers on private passenger vehicle rentals. Collision Damage Waivers (CDWs) –...
