Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
AutoNation On-Demand Used Car Subscription Bundles Maintenance, Insurance
Nov 19 2018 // AutoNation Inc., the country’s largest automotive retailer, has announced a partnership with Fair, a digital subscription service, that will allow consumers to lease used vehicles on a month-to-month basis rather...
Markets
Nov 19 2018 // Fire Protection Contractors Market Detail: McNeil & Co.’s FireWatch Program (www.mcneilandcompany.com) is a comprehensive insurance and risk management program. The program offers specialty insurance products to...
Pennsylvania Charges 60 Individuals in Statewide Insurance Fraud Sweep
Nov 19 2018 // Criminal charges have been announced against 60 Pennsylvanians following investigations by the Attorney General’s Insurance Fraud Section. As a result, 23 people were charged in Eastern Pennsylvania, 10 in Central...
Michigan Man Sentenced to Prison for Staged Auto Crash Fraud Scheme
Nov 16 2018 // A Michigan man who pled guilty to participating in a multi-state staged auto accident/insurance fraud scheme has been sentenced to prison, according to the United States Attorney’s Office. Marvin David Ramirez, 45,...
New York Clinic Owner, Doctor, Attorney Arrested for Insurance Fraud Scheme
Nov 16 2018 // The owner, doctor and attorney involved with a medical clinic in Brooklyn, N.Y., have been charged for their alleged participation in a $1 million auto insurance fraud scheme. New York State Attorney General Barbara D....
Texas Automobile Insurance Plan to Raise Rates in 2019
Nov 14 2018 // Rates will increase next year for both personal and commercial auto insurance provided by the Texas Automobile Insurance Plan Association (TAIPA). Texas Insurance Commissioner Kent Sullivan on Nov. 9 issued an order...
QBE North America Sells National Farmers Union to National General
Nov 14 2018 // National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal...
Waymo’s First Driverless Car Service Seen Right Around the Corner
Nov 13 2018 // In just a few weeks, humanity may take its first paid ride into the age of driverless cars. Waymo, the secretive subsidiary of Google’s parent company, Alphabet Inc., is planning to launch the world’s first...
Awareness Campaign Aims to Curb Auto Burglaries/Thefts in Texas
Nov 13 2018 // More than 200,000 vehicles were burglarized last year in Texas, the Insurance Council of Texas reports. According to the Texas Department of Public Safety, the value loss from both auto thefts and burglaries in the state...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
Mile Auto Launches Pay-Per-Mile Insurance in Oregon, Illinois
Nov 8 2018 // Mile Auto Inc. has launched its pay-per-mile insurance product in Oregon and Illinois. In a press announcement, Mile Auto said its pay-per-mile model can save low mileage drivers 30 percent to 40 percent over traditional...
Pennsylvania Charges 60 Individuals in Statewide Insurance Fraud Sweep
Nov 8 2018 // Criminal charges have been announced against 60 Pennsylvanians following investigations by the Attorney General’s Insurance Fraud Section. As a result, 23 people were charged in Eastern Pennsylvania, 10 in Central...
Casualty Losses Provide Impetus for 2019 Rate Firming: Willis Towers Watson
Nov 7 2018 // Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, according to a report by Willis Towers Watson. The...
Lawsuit Says Wells Fargo Executives Knew About Insurance Overcharges
Nov 7 2018 // Wells Fargo & Co. executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week. Several...
Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree
Nov 7 2018 // SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The...
Michigan Fines Agent $25K, Revokes License in Auto Insurance Fraud Case
Nov 6 2018 // A Michigan agent has been fined $25,000 and had his insurance license revoked after an investigation revealed he had been creating and selling fake auto insurance certificates, the state’s insurance regulators...
Laws, Beck Face Off in Georgia Insurance Commissioner Race
Nov 6 2018 // Georgia Insurance Commissioner Ralph Hudgens’ decision not to seek re-election this year opened up the playing field for the state’s top insurance post for the first time since 2010. Hudgens, a Republican,...
Kemper’s Strong Third Quarter Includes Infinity Results
Nov 5 2018 // Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity,...
Uber Asks to Resume Self-Driving Tests in Penn., Improves Vehicle Software
Nov 5 2018 // Uber Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it...
