Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Ohio Insurer to Meridian Insurance Group
Oct 27 2000 // Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a share, or more than $228 million, to buy the large Indiana insurer. The deal, announced late Wednesday,...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
Commercial Auto Rates Up; Sector Ripe for Rapid Change
Oct 23 2000 // Someone up above has been listening. How else can one explain the hardening market that has been the subject of thousands of prayers. Both agents and E&S vendors, then, should be doubly excited about the commercial...
Survey Reveals Insurers Top Fraud Concerns
Oct 20 2000 // According to a recent survey compiled by the National Association of Independent Insurers (NAII), medical fraud rings, staged auto accidents, arson, and workers’ comp scams top the list of fraud concerns for the...
aigdirect.com Aligns its Services with Three Auto Sites
Oct 19 2000 // American International Group Inc. announced that its member companies have entered into a number of strategic alliances to provide insurance products and services to users of leading automotive-related sites including...
JD Power’s Auto Insurance Study Goes National, Rates Customer Satisfaction
Oct 16 2000 // After testing the waters last year with its first annual California Auto Insurance Satisfaction Study, J.D. Power & Associates decided to take to the road and make this year’s survey national in...
Progressive Announces Changes to Personal Auto Programs
Oct 12 2000 // Progressive announced that effective Nov. 11, 2000, the company will make changes to its personal auto programs in both Progressive West and Progressive Marathon. These actions, which are being taken in response to...
Prudential Launches Strategist – Investment Vehicle for Europe
Oct 6 2000 // America’s Prudential announced that it would begin selling “Strategist” its new investment vehicle aimed at middle income investors in Europe. The move is seen as an effort by the U.S. largest life...
Massachusetts Men Charged with Insurance Fraud
Oct 2 2000 // Albert F. Melchione, 71, of Rockland, Mass., and his grandson, Richard J. Melchione, Jr., 30, of Hull, Mass., have been indicted by a federal grand jury on conspiracy and mail fraud charges in connection with a scheme to...
Partnership Aims to Make ‘Black Box’ Analysis Available for Auto Insurance
Sep 28 2000 // Claims Injury Sciences LLC announced an agreement to integrate its flagship product, WrExpert(tm) accident and injury analysis software, with Vetronix Corporation Crash Data Retrieval System, which allows crash data to be...
Vesta To Enter Banking, Non-Standard Auto Market
Sep 26 2000 // Vesta Insurance Group plans to enter into the banking and non-standard auto markets as part of a strategy to increase profits. The Alabama-based company made the announcement at a recent meeting of the Alabama Securities...
Mass. Regulators Back Auto Cut
Sep 25 2000 // Massachusetts regulators are recommending a 14.1 percent auto insurance rate cut for 2001. The recommendation, which contrasts with the industry’s suggested 2.5 percent increase, could lead to a final decision by...
Massachusetts Regulators Take Control of Auto Insurer
Sep 22 2000 // New England Fidelity Insurance Co. of West Springfield, has gone into receivership. It is the second Massachusetts auto insurer to go under this year. Industry officials said the failures of New England Fidelity and Trust...
California Teen Auto Deaths Decrease Following GDL Passage
Sep 20 2000 // According to a recent California auto club report, teen passenger deaths and injuries when 16-year-olds are behind the wheel dropped 21 percent statewide from 1998 to 1999. These results come two years after passage of...
Progressive Auto Insurance Goes Wireless
Sep 19 2000 // The Progressive Corp. is offering auto insurance services and information from progressive.com available on Web-enabled cellular phones and hand-held devices from anywhere in the world, at any time. “This technology...
Hagerty Opens Classic Car Program to Massachusetts
Sep 18 2000 // Hagerty Classic Insurance has expanded its collector car insurance program into Massachusetts. Now available in 47 states, Hagerty’s program protects antiques, classics, show cars and trucks, street rods and customs,...
GuideOne to Close 7 Claims Offices; Sell Portion of Auto Book to GMAC
Sep 14 2000 // GuideOne Insurance will close seven of its 12 national claims offices next year, and will sell a portion of its high-risk auto insurance to GMAC Insurance. GMAC, based in Winston-Salem, N.C., is expected to buy...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Survey Says Nearly All Consumers Satisfied With HO, Auto Cos.
Sep 8 2000 // Almost all respondents to a recent Insurance Research Council survey of U.S. households said that they are satisfied with their personal property insurance companies. Ninety-seven percent of the respondents who were asked...
Nationwide Insurance Introduces New Initiative to Offer Auto Insurance
Sep 6 2000 // Nationwide Insurance introduced its Customer Choice plan Tuesday in Indiana, Illinois and Texas, giving customers three ways to purchase auto insurance. Nationwide will give customers the option of buying auto policies...
