Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
AIA: Massachusetts Drivers Need a Competitive Auto Insurance Market
May 16 2005 // An auto insurance market where companies can compete on the prices charged and the products provided would benefit Massachusetts drivers, according to the American Insurance Association (AIA). AIA testified Monday at the...
Ignition Interlock Bill for Drivers Passes Okla. House
May 11 2005 // The Oklahoma House of Representatives approved legislation that would require repeat drunken drivers to have alcohol detection devices installed in their vehicles before they could regain their driver’s licenses, the...
PCI Says Insurers Survive Colorado Legislative Session
May 10 2005 // In what best could be called “Survivor: The Colorado Legislative Session,” there were many twists, turns and surprises along the road to adjournment recently, however the insurance industry successfully worked...
La. Commissioner Returns Truck to State After Criticism
May 9 2005 // Louisiana Insurance Commissioner Robert Wooley has sent his pricey, special edition pickup truck to the state’s surplus property yard, giving up the luxury perk that provoked sharp criticism of both the state-paid...
Texas Representative, Police Chiefs Appeal to Lt. Governor for Help with Auto Burglary Bill
May 9 2005 // The Texas House of Representatives reported that Rep. Vicki Truitt (Keller) joined forces with police chiefs from Texas’ six largest cities to sign a letter imploring Lt. Gov. David Dewhurst to put pressure on Senate...
Liberty Mutual Becomes 10th Insurer to Reduce N.Y. Auto Rates
May 9 2005 // Liberty Mutual, a Boston-based insurer with more than a quarter-million New York auto policyholders, has agreed to reduce premiums by an average of three percent. Liberty Mutual’s New York customers, who are insured...
CHANGE AHEAD FOR AUTO TERRITORIES:
May 9 2005 // New Jersey officials claim that caps removed from auto insurance rates in cities will not automatically increase costs for drivers and could help build a more competitive market but advocates for consumers are not so sure....
Md. Man’s Auto Scam Results in 21-Count Indictment
May 5 2005 // Maryland Attorney General J. Joseph Curran, Jr. announced that Darryl R. Hardy of Forest View Place in Montgomery County has been arrested after being charged with several counts of felony insurance fraud and felony...
AIG Private Client Group Rolls Out Auto Insurance for High Net Worth Individuals in Texas
May 4 2005 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), has launched its enhanced AIG Private Client Group Auto Program in...
IIHS: New VW Jetta Drives Off with Strong Crash Test Results
May 3 2005 // The 2005 Volkswagen new Jetta earned good ratings in both frontal offset and side impact crash tests conducted by the Insurance Institute for Highway Safety. Plus, the Jetta is the first vehicle to earn the top rating of...
W. Va. Insurers React to Passed Legislation, Five Companies Decreasing Auto Rates
May 2 2005 // Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday...
Allstate Drives Forward with N.Y. Auto Rate Cuts
May 2 2005 // Acting Superintendent of Insurance Howard Mills announced that Allstate Insurance Company, New York’s largest auto insurer in terms of market share, has agreed to reduce their customers’ premiums, on average,...
Allstate Testing ‘Your Choice’ Auto Policy Option in Tennessee Market
Apr 29 2005 // The goal of a new auto insurance plan introduced by Allstate Corp. in Tennessee attempts to drive the market away from a price obsession and refocus attention on products and features. Called the Your Choice options, it...
Ethics Today, Charity Motorcycle Rally Kick-off AAMGA Annual Meeting in Orlando
Apr 29 2005 // A day-long presentation and discussion about Ethics in Today’s Insurance Environment, sponsored by the R. Max Williamson Chair of Insurance and Business Ethics, kicked-off the American Association of Managing General...
Auto Insurance Verification Bill Passed by Texas Senate
Apr 28 2005 // Senate Bill 1670, which addresses the problem of uninsured drivers in Texas, was passed by the state Senate. The bill by Sen. Todd Staples, R-Palestine, calls for a $1 fee on motor vehicle license renewals to pay for an...
Unitrin Sees Improved Q1 Numbers
Apr 28 2005 // Chicago-based Unitrin Inc. reported net income of $67.9 million ($0.99 per common share) for the first quarter of 2005, compared to net income of $48.0 million ($0.71 per common share) for the same period in 2004. Net...
Suspects Arrested in Alleged Car Theft Ring in California
Apr 28 2005 // Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for...
State Auto Starts Q1 with Strong Showing
Apr 26 2005 // Ohio-based State Auto Financial Corporation reported record quarterly net income of $40.8 million or $1.00 per diluted share, versus $32.4 million or $0.80 per diluted share for the first quarter of 2004. Net operating...
AssuranceAmerica Corp. Reports Wholesale Sub Now Writing Fla. Policies
Apr 26 2005 // Atlanta-based AssuranceAmerica Corp. announced its Managing General Agency (MGA) was approved to write auto coverages in Florida and is now actively putting Florida auto insurance policies on its books. In announcing its...
N.J. Man Gets Ride to Jail for Auto Scam
Apr 25 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Middlesex County man has been sentenced to prison for his role in an automobile “give up” fraud. According to McKoy and Insurance...
