Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Canadian Auto Losses Continue to Rise
Jul 19 2001 // Losses related to auto insurance continue to climb in the Atlantic region of Canada following a report released by The Insurance Bureau of Canada (IBC). According to Don Forgeron, regional vice-president of the IBC, costs...
Benfield Group, SG Create New Insurance Vehicle Devoted to Weather Derivatives
Jul 19 2001 // Benfield Group and SG, the corporate and investment banking arm of the Societe Generale group, announced the creation of a new insurance vehicle devoted to weather derivatives. The new company (created in Jersey) is called...
Kansas Auto Insurance Rates Among Lowest in U.S.
Jul 16 2001 // A recent report from the National Association of Insurance Commissioners (NAIC) notes that Kansas residents paid an average of $542.01 for auto coverage in 1999, the seventh lowest rate in the nation. The Kansas rate ranks...
CDI Hearings Explore Problems in Calif. Low-Cost Auto
Jul 16 2001 // Marking the first anniversary of implementation of California’s low-cost auto insurance program, the state’s Department of Insurance (CDI) held informal hearings on why the results of the program have been less...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
Oregon Legislature Wraps Up 2001 Session
Jul 13 2001 // Oregon’s legislature adjourned last weekend having once again considered a staggering number of bills during its biennial session, including dozens of insurance-related bills. Michael Harrold, Northwest regional...
D.C. City Council Considering Car Cell Phone Ban
Jul 12 2001 // Washington D.C.’s City Council is considering a ban on the use of handheld mobile phones in cars, which would affect an estimated 240,000 D.C. residents and another 300,000 commuters from Maryland and Virginia. The...
NAII Presents Insurers’ Views at Hearing on Improving Calif. Low Cost Auto Program
Jul 9 2001 // Efforts to reduce the number of uninsured drivers in California should not center on the price of automobile insurance. Instead, California insurance officials and lawmakers should allow insurers to provide the type of...
San Jose Man Arrested for Alleged Internet Scam
Jul 5 2001 // A San Jose man was arrested on charges of alleged insurance fraud and attempted auto theft in connection with the attempted theft and false insurance claim on a $9,000 Yamaha racing motorcycle, following a joint...
Calif. Brokers Have New Service to Offer, Vehicle Registration for Progressive Customers Now Available Online
Jul 2 2001 // California drivers insured with Progressive can now renew their auto, motorcycle and motor home registrations online, the company announced. Progressive electronically transmits proof of insurance to the Department of...
Consumer Federation of America’s Study Comes Under Fire from AIA
Jul 2 2001 // Calling the Consumer Federation of America’s (CFA) study on state insurance regulation “poorly conceived” and “wrong headed,” the American Insurance Association (AIA) is urging CFA to retract...
NAII Points to Rate Regulation, Repair Costs as Major Factors in Average Auto Premium Results
Jun 29 2001 // According to the National Association of Independent Insurers (NAII), a state’s rating law plays a significant role in what people pay for auto insurance, Consumers in states with more regulation pay higher premiums...
Auto Experiment Impacted by Healthy Insurance Market, Household Priorities
Jun 29 2001 // According to the Insurance Information Network of California, when California unveiled an experimental, fixed-rate auto insurance policy for the poor last year, there was hope that it might encourage motorists who drive...
TurboCoverage, CVR Agree on Insurance Platform
Jun 28 2001 // TurboCoverage, a web-based auto insurance service for auto dealerships, has formed a partnership with Computerized Vehicle Registration (CVR), a provider of electronic vehicle registration, to market the TurboCoverage...
Agents Say Consumers Have More Attractive Auto Options
Jun 28 2001 // Agents and brokers will weigh in this week on California’s new low-cost auto insurance program at hearings held by the California Department of Insurance (CDI), reporting that they have been swamped by calls from...
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...
