Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
China’s PICC P&C Plans $1.2 Billion Rights Offer
Nov 5 2014 // PICC Property & Casualty Co., China’s biggest non-life insurer, said it plans to raise 7.25 billion yuan ($1.2 billion) in a rights offer in Hong Kong and China to replenish capital. The shares dropped. The...
N.J. Man Admits Staging Auto Accidents for $179K Insurance Payments
Nov 4 2014 // A New Jersey resident pleaded guilty to orchestrating two auto accident staging scams in 2010 that resulted in insurance payouts of $179,210 for medical treatment and personal injury settlement proceeds, according to...
State Auto Financial Reports $11.9M Net Income in Q3 2014
Nov 4 2014 // Columbus, Ohio-based State Auto Financial Corp. reported third quarter 2014 net income of $11.9 million, or $0.28 per diluted share, versus net income of $18.5 million, or $0.45 per diluted share, for the third quarter of...
Prices Start to Stabilize in UK Auto Market
Nov 3 2014 // Direct Line Insurance Group plc Chief Executive Officer Paul Geddes said the company had started to see prices stabilize in the U.K.’s competitive motor insurance market. Prices for its auto business were unchanged...
Homeowners No Longer Taking Back Seat to Auto for Insurers
Nov 3 2014 // Property/casualty insurers are increasingly using analytics as a tool to help with their homeowners’ pricing, reflecting a belief that the line could become a bigger growth engine than their auto business. At the...
Top States for Luxury Car Theft
Nov 3 2014 // According to the National Insurance Crime Bureau (NICB), there were 5,570 luxury vehicles for model years 2011-2013 reported stolen in the United States between Jan. 1, 2010 and Dec. 31, 2013. NICB analysts review data...
10 Insurance Myths
Nov 3 2014 // Men may be more gullible when it comes to insurance myths than women but even women think a number of popular myths about insurance are true, according to a survey by online insurance seller insure.com. Insure.com said it...
Uber Ridesharing Serving Kids and Their Busy Parents
Oct 31 2014 // As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc. came along. When Baily started ninth grade in August, his parents gave him an account for...
The Hartford Offers Safety Rewards, Discounts for Commercial Auto
Oct 31 2014 // The Hartford is offering small and midsize businesses the opportunity to receive commercial auto insurance premium discounts and rewards for safety. The company has also expanded its quoting system for agents and brokers...
South Carolina Liquidating Commercial Auto Insurer First Keystone
Oct 29 2014 // The South Carolina Department of Insurance last week declared an insurer that specialized in providing commercial auto insurance to be insolvent and the insurer is now being liquidated. The First Keystone Risk Retention...
Obama Reportedly Searching for New Auto Safety Chief
Oct 28 2014 // The acting chief of the NHTSA, the top U.S. automotive safety regulator, is unlikely to be nominated for the job and an active search is under way to fill the position, a source familiar with the matter said on...
Lawsuits Commence Against Takata, Auto Makers Over Air Bags
Oct 28 2014 // Takata Corp. and carmakers that install the company’s air bags were sued by U.S. drivers over claims they were duped into buying unsafe vehicles following the recall of almost 8 million cars from 10...
Arson Suspected in Dubuque, Iowa, Vehicle Fires
Oct 27 2014 // Dubuque, Iowa, police and fire department officials say they are investigating two vehicle fires as arson. The Dubuque Telegraph Herald reportsthat the fires were reported before dawn on Oct. 23 in a parking lot. Dubuque...
Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash
Oct 24 2014 // Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to reach the passenger door of his tractor trailer. Staley had been heading north on...
Florida Is Hot Spot for Luxury Car Theft
Oct 23 2014 // Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never...
LexisNexis and Jing You Plan China Joint Venture for Auto Carriers
Oct 23 2014 // LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China....
Mercury Agrees to Acquire Workmen’s Auto Insurance in California
Oct 23 2014 // Mercury General Corp. has entered into a definitive agreement to purchase of Workmen’s Auto Insurance Co. Both insurers are based in Los Angeles, Calif. The purchase price is $8 million and the transaction is...
NHTSA Apologizes for Troubled Website, Bulletin on Airbag Defects
Oct 23 2014 // The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal air-bag defect, directing 8 million consumers to an inoperable website and leaving millions of others...
Mass. DOI Issues Bulletin on Policy Term Disclosure Requirements
Oct 22 2014 // The Massachusetts Division of Insurance issued a bulletin spelling out new disclosure requirements for insurance premium quotes for private passenger motor vehicle and personal property insurance. The Bulletin 2014-08,...
Air Bag Recalls Renew Doubts About Carmakers’ Responses to Defects
Oct 21 2014 // A deepening crisis involving deadly air bags is shaking confidence in the ability of automakers including Toyota Motor Corp. and Honda Motor Co. to ensure the safety of millions of U.S. drivers. Toyota is advising U.S....
