Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
U.K. AUTO RATES ON THE RISE
Sep 4 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned Mintel, a marketing research firm. The average premium in 1999 was £226 ($336). It’s expected...
METLIFE METES A MILLION
Sep 4 2000 // MetLife Auto & Home’s group auto and homeowners insurance program now insures more than one million automobiles and homes countrywide. This major milestone for the MetLife Group Auto and Home Team reaffirms...
AUTO FRAUD ON THE INTERNET
Sep 4 2000 // After becoming aware of a company selling fraudulent auto policies on the Internet, Connecticut Insurance Commissioner Susan F. Cogswell is warning car owners to double-check to ensure that companies are properly licensed...
Mass. AG Promises Push for Auto Rate Cut
Aug 30 2000 // Massachusetts Attorney General Thomas Reilly said yesterday he will push for an auto insurance rate cut in 2001, but said it was premature to discuss how big a decrease is warranted. Rate hearings are scheduled to begin...
Survey Reveals Most Consumers Fail to Shop Auto Insurance
Aug 30 2000 // While most Americans believe it’s smart to shop around when purchasing high-ticket items, few actually do so when it comes to auto insurance, one of the leading annual expenses in most household budgets. Most...
GuideOne to Cut 200 Jobs; To Phase Out Nonstandard Auto, HO Lines
Aug 25 2000 // Des Moines-based GuideOne Insurance will cut 200 local jobs over the next year as the company eliminates three business lines, according to a report by The Des Moines Register. The company employs roughly 1,000 people at...
