Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer
May 12 2015 // EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome a rival offer from AXIS Capital Holdings Ltd. EXOR, the investment vehicle of Italy’s billionaire Agnelli...
LaRocco Officially Named President, CEO at State Auto
May 11 2015 // The shareholders of State Auto Financial Corp. elected Michael E. LaRocco as a director of the company at its 2015 annual shareholders meeting. LaRocco was also officially named president and chief executive officer of the...
34 Arrested in Louisiana Insurance Fraud Investigation
May 8 2015 // Louisiana State Police say a two month investigation into insurance fraud and auto theft has led to the arrest of 34 people across the state. Troopers say in a news release its Insurance Fraud and Auto Theft unit...
Car Smashes Into Oregon Insurance Agency, Injures 2
May 8 2015 // Two men were hospitalized after one drove his car through an insurance agency’s front window in southeast Portland, Ore. KPTV-TV reported that surveillance video shows a white ford focus accelerating as it goes...
Insurers Warn About Car Sales Scam on Craigslist
May 8 2015 // An insurance industry-backed crime watch group is warning about an organized auto sales scam involving the popular online market place, Craigslist. Working with law enforcement agencies in the Chicago area and across the...
Overturned Truck Scrambles South Carolina Highway with Spilled Eggs
May 8 2015 // The South Carolina Highway Patrol says a truck overturned on Interstate 85, spilling 47,000 pounds of liquefied eggs onto the highway. WSPA-TV reports the accident happened Tuesday morning in Spartanburg County. The driver...
N.J. Gov. Signs Electronic Proof of Auto Insurance, Reverse Rate Evasion Bills
May 7 2015 // New Jersey Gov. Chris Christie signed into law on Thursday A-3905/S-2680, which authorizes motor vehicle operators to display proof of auto insurance in either the physical format (a paper insurance card provided by their...
AmTrust to Pay $152M for Wells Fargo’s Vehicle Warranty Business
May 7 2015 // New York-based insurance holding company AmTrust Financial Services Inc. has agreed to acquire Warranty Solutions, a Wells Fargo business, for $152 million in cash. Warranty Solutions markets and underwrites vehicle...
Progressive Appointing New Independent Agents in Massachusetts
May 7 2015 // The Progressive Group of Insurance Companies announced it is actively appointing new agents for its auto product in Massachusetts. The Mayfield Village, Ohio-based Progressive said Massachusetts became the 50th and final...
Allstate Says Profit Up 13% in Q1; Will Raise Auto Rates
May 6 2015 // Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe losses fell. Net income...
First Licensed Autonomous Freight Truck Hits the Road in U.S.
May 6 2015 // In a ceremony at Hoover Dam, Daimler Trucks North America (DTNA) unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an open public highway in the...
Industry Representatives Examine Potential Claims Issues Following Riots
May 6 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in wake of the Baltimore riots that shook the city last week. And more than 200 businesses were damaged during the riots,...
V3 Insurance Partners Launches Program for Auto Rental Industry
May 6 2015 // V3 Insurance Partners LLC has introduced Rental V₃antage, a new multi-line insurance program for the daily auto rental industry, including nationally franchised rental agencies and independent auto rental...
RIMS Report: Preparing for Risk Transfer Driven by Autonomous Vehicles
May 4 2015 // Picture a work day that begins like this: You step out of your house and into your self-driving vehicle, which carries you comfortably and safely to your office while you read the newspaper. After dropping you off, the car...
Car Crash Records Now Available Online in South Dakota
May 4 2015 // South Dakotans wanting to get copies of car crash reports can now find those records online. The state Department of Public safety says the new online system for state-reportable crash records has gone live. The new system...
RIMS Report: Uber Touts Ridesharing Insurance Solution
May 4 2015 // In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to...
GEICO, Allstate to Raise Auto Insurance Premiums
May 4 2015 // GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its...
Amtrak, CSX File Suit Against Truck Company Over North Carolina Train Crash
May 4 2015 // A lawsuit filed Friday by Amtrak and CSX alleges that a trucking company caused a March train derailment that injured 55 people by failing to take safety precautions or warn that the track was blocked. The lawsuit in a...
Alabama Lawmakers Dismiss Bill Barring Teens from Riding in Truck Beds
May 4 2015 // Alabama lawmakers won’t bar teens from riding in the back of pickup trucks after most acknowledged they’ve ridden back there too. The Alabama House of Representatives refused to debate a bill recently that...
What Agents Think About Google Compare
May 4 2015 // The independent agency system is no stranger to competition. But one new competitor in the marketplace has some agents and industry experts on watch. Google Compare – which stepped into the insurance ring in March – is...
