Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Auto Dismantler Arrested for Auto Insurance Fraud
Jun 26 2001 // Following a six-month investigation by the California Department of Insurance (CDI), Organized Automobile Fraud Interdiction Task Force, a former Sacramento auto dismantler was arrested on four felony counts of insurance...
TROUBLES IN N.J. AUTO
Jun 25 2001 // State Farm Indemnity announced its intention to stop writing automobile business in New Jersey, pending approval from state regulators, which could take years to complete. Last October, the company applied for a 16.8...
4X4 For Fraud
Jun 25 2001 // CDI fraud investigators arrested a Fresno resident, Kyle Cory Bettencourt, 27, on auto insurance fraud charges on May 22, 2001 and booked him into the Fresno County Jail. Bettencourt was charged with four felony counts of...
Newark Wants Out of NJ Auto Market Too
Jun 22 2001 // The break in the dam, that started with the announcement by State Farm Indemnity that it planned to leave New Jersey’s auto insurance market, now threatens to become a flood, as yet another state carrier, Newark...
Auto Club Says Calif. Teen Driving Law Could Prevent Nearly 100,000 Crashes in Next Decade
Jun 22 2001 // According to the Automobile Club of California California’s Graduated Driver Licensing Law (GDL), one of the toughest teen driving laws in the nation, will have a major impact on the number one killer of teens...
AIG Files To Exit NJ Auto Market
Jun 21 2001 // Insurance giant American International Group became the second insurance company in two weeks to file a request with New Jersey’s Insurance Department requesting permission to withdraw from the state’s...
Thomas Van Berkel Named National Grange CEO
Jun 21 2001 // The Board of Directors of New Hampshire-based National Grange Mutual Insurance Co. announced the election of “Thomas M. Van Berkel as president Chief Operating Officer and Chief Executive Officer-elect.” Van...
Allstate To Sell German, Italian Auto to Direct Line
Jun 21 2001 // Allstate announced yesterday that it would sell its direct auto insurance businesses in Germany and Italy to the U.K.’s Direct Line. The German operation, launched in 1997 has around 117,000 policies in force. The...
GuideOne Insurance Sells Tulsa Operations to Home State
Jun 18 2001 // GuideOne Insurance announce that the company signed a definitive agreement, effective Aug. 1, 2001, to sell GuideOne Casualty Insurance Company, the organization’s Tulsa, Okla., operation, to the Home State Insurance...
Liberty Mutual May Take the Highway
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
Lincoln General Speeds into Calif. Nonstandard Auto Market
Jun 18 2001 // A new insurer is taking on the nonstandard auto market in California. Lincoln General Insurance Co., a subsidiary of Kingsway Financial Services Inc., is now licensed to start selling nonstandard auto insurance in the...
Insurance Fraud Nets Arrest
Jun 15 2001 // A Riverside, Calif., man was arrested and booked into Riverside County Jail on a pair of felony counts of insurance fraud and one misdemeanor count of leaving the scene of an accident. Investigators from the California...
State Farm Indemnity Pulls Out of N.J. Auto Market, Gets A.M. Best Downgrade
Jun 14 2001 // State Farm Indemnity announced on June 12 that it intends to stop writing automobile business in New Jersey. The announcement was immediately followed by A.M. Best Co. downgrading the financial strength rating of the...
NY Bill Would Overturn Law Protecting Car Renters
Jun 13 2001 // A 1988 New York law making auto rental car companies responsible for the principal costs of damaged cars would be overturned by Assembly Bill 7742, which is being considered by an Assembly committee. “In view of the...
State Farm Indemnity To Exit NJ Auto Market
Jun 13 2001 // State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three...
Auto Accident Fraud Nets Arrests
Jun 13 2001 // Seven felony arrests in the Los Angeles and Riverside County areas were the result of an eight-month joint investigation conducted by investigators from the California Department of Insurance (CDI) Criminal Investigations...
Connecticut Legislature Adjourns, Avoids ‘Onerous’ Bills
Jun 12 2001 // Several bills that would have increased insurance costs died as the Connecticut State Legislature adjourned its 2001 regular session, according to the American Insurance Association. “A number of bills that would...
New York Arrests Result from No-Fault Fraud
Jun 12 2001 // Three New York individuals were recently arrested for their alleged involvement in a no-fault insurance fraud scheme. Igor Perlov, a security guard; Inna Perlova, his wife; and Lidiya Shvarts, their neighbor; both who...
Swiss Re Reports On Ontario Auto Insurance
Jun 11 2001 // A report from Swiss Re Canada’s assistant vice-president Glenn McGillivray highlights an increase of 8 points in loss ratios in the automobile insurance market in the Province of Ontario. The rise in the loss ratio...
Scrapping N.Y.’s Flex-Rating System Would Worsen Auto Market
Jun 7 2001 // According to the National Association of Independent Insurers (NAII), a bill to scrap New York’s flexible rating system for insurance rates in favor of a prior approval system would only exacerbate problems in the...
