Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Lovers Take Low Road over Coveted Car
Nov 12 2001 // CDI criminal investigators arrested Tracy Denise Thorton of Sacramento on two counts of insurance fraud and one count of filing a false police report. Thorton, 23, surrendered to authorities and was booked into the...
Auto Arrest Warrants Issued in Los Angeles
Nov 6 2001 // The Organized Auto Fraud Interdiction Task Force announced the execution of nine arrest warrants as well as the execution of nine search warrants in Los Angeles, North Hollywood and in the city of Glendale. The search...
Gender Rating Explored in Kentucky
Nov 5 2001 // If gender is eliminated from the factors Kentucky insurers use to determine auto rates, youthful female drivers state-wide would pay 6.8 percent more for their auto insurance premiums, according to a recent study. The...
AIA FOR TOUGHER TRUCK STANDARDS
Nov 5 2001 // The American Insurance Association (AIA) urged delegates from Mexico, Canada and the U.S. meeting in Ottawa under the North American Free Trade Agreement (NAFTA) to adopt and enforce more rigorous cross-border trucking...
NAIC Adoption of Special Purpose Reinsurance Vehicle Model Act Aids States
Nov 2 2001 // (NAIC) adoption of the Special Purpose Reinsurance Vehicle (SPRV) Model Act will provide a template for states to create legislation that will enable onshore securitization of insurance risk for natural catastrophes. The...
Alliance Study Proves Car Company Monopoly on Crash Parts is Costly to Consumers
Oct 31 2001 // Rebuilding an automobile from the ground up using car company crash parts costs more than four times the car’s original retail price, according to a study commissioned by the Alliance of American Insurers. Even...
Large-Scale California Auto Insurance Fraud
Oct 31 2001 // The Organized Auto Fraud Interdiction Task Force announced Oct. 25 the execution of search warrants on nine locations and the arrests of five individuals allegedly involved in a large-scale auto insurance fraud ring. The...
Insurance Auto Auctions Retains Firm to Standardize Business Processes
Oct 30 2001 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services headquartered in Schaumburg, Ill., announced that it has retained Synergetics Installations Worldwide Inc., a New...
Now It’s Stolen, Now It’s Not
Oct 29 2001 // A joint investigation by the CDI and the Tulare County District Attorney’s Auto Insurance Fraud Unit led to the sentencing of Enrique Medina, 25, who pled guilty prior to his preliminary hearing. Medina was sentenced...
The Midland Company Reports Third Quarter Results
Oct 24 2001 // Cincinnati, Ohio-based The Midland Company, a highly focused provider of specialty insurance products and services, reported third quarter 2001 results ahead of its previous announcement. For the quarter ended Sept. 30,...
SAFECO Reports 3Q Results, Strengthens Reserves by $240M
Oct 23 2001 // SAFECO reported third-quarter income, before charges, of $7.8 million or $0.06 per diluted share. Including $240 million in reserve strengthening and previously announced restructuring charges, SAFECO posted a net...
Taking Advantage of Tragedy: Some Individuals Turn to Fraud
Oct 22 2001 // The amount of pain and suffering that people have to deal with in the normal course is already there, then it’s compounded when people show their worst side at times like this,” said John Eager, senior director...
Independent Broker Network Joins the National Auto Agents Alliance
Oct 19 2001 // The National Auto Agents Alliance has accepted an application for affiliation from the Independent Broker Network (IBN). IBN is a 12-year old organization headquartered in San Jose, Calif. IBN founder Fred...
CDI Arrests Sacramento Woman on Alleged Fraud
Oct 19 2001 // The California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Sacramento woman Oct. 10 on two counts of insurance fraud and one count of filing a false police report. Tracy...
New Coverage Can Ease Emotional, Financial Impact of Crimes Against Family Members
Oct 15 2001 // Insurance is now available to help protect Colorado families from financial loss if a loved one is the victim of one of four criminal activities. The Chubb Group of Insurance Companies has unveiled Masterpiece®...
Taking Advantage of Tragedy: Some Individuals Turn to Fraud
Oct 15 2001 // The amount of pain and suffering that people have to deal with in the normal course is already there, then it’s compounded when people show their worst side at times like this,” said John Eager, senior director...
Insurance for Family Protection Now Available
Oct 12 2001 // Insurance is now available to help protect Illinois families from financial loss if a loved one is the victim of one of four criminal activities. The Chubb Group of Insurance Companies is now offering Masterpiece® Family...
Insurance Auto Auctions Accelerates Exit from Purchase Agreements
Oct 9 2001 // Illinois-based Insurance Auto Auctions Inc., a provider of insurance claims processing services and automotive salvage, announced it has accelerated its plan to discontinue offering the purchase agreement method of...
State Farm Auto Rates in Oregon Driven Up
Oct 9 2001 // State Farm auto insurance policyholders in Oregon, who are accustomed to seeing annual dividend checks, instead will see an average 5.4 percent raise in rates starting Nov. 1, the company said earlier this week. According...
Commerce Group to Take Over Mass. Personal Auto Business from Berkshire Mutual
Oct 5 2001 // The Commerce Group Inc. announced that it had entered into an agreement with Berkshire Mutual Insurance Co. to transfer Berkshire’s Massachusetts personal automobile business to its Mass. subsidiary, Commerce...
