Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
OKLA. AUTO RATE OVERRIDE’:
Jan 24 2005 // Oklahoma vehicle owners could combat a scheduled increase in auto insurance rates if a bill proposed by Rep. Jerry Shoemake (D-Morris) passes the Oklahoma Legislature. Shoemake wants to override a law going into effect...
State Farm Cutting Auto Rates in Louisiana
Jan 23 2005 // State Farm Mutual Automobile Insurance Co., which insures about one out of every three cars in Louisiana, is cutting auto insurance rates by an average of 2.1 percent, according to the Associated Press. The cut is...
Pa. Expects $120M in Car Insurance Rate Cuts
Jan 21 2005 // Pennsylvania Gov. Ed Rendell said that findings from an auto insurance study would be used to cut premiums by at least $120 million over the next several months. Insurance Commissioner Diane Koken and her department will...
New U.K. Database Tackles Auto Insurance Fraud
Jan 21 2005 // Where there are cars there are accidents, and where there are accidents there are insurance claims, which unfortunately are too often phony. The U.K. has announced a new measure to try and combat this kind of fraud, which...
Delaware Measure Targets Uninsured Motorists
Jan 17 2005 // Delaware Insurance Commissioner Matt Denn, State Senator David Sokola and State Representative Donna Stone have unveiled bi-partisan legislation which will allow the state to increase enforcement of its uninsured motorist...
S. Fla. Cracks Down: Car-wreck Insurance Fraud Con Artists Targeted
Jan 17 2005 // South Florida insurance fraud artists are becoming so rampant in the area that authorities have launched a campaign to catch area con artists who stage car wrecks and bilk insurance companies of hundreds of thousands of...
Safety Insurance Estimates Positive Impact of Mass. Residual Market Plan Changes on Its Operations
Jan 17 2005 // Safety Insurance Group, Inc. in Boston has updated its estimate of the financial impact of the reform approved on Dec. 31, 2004 of the residual market system for personal automobile insurance in Massachusetts. The company...
Insurance Auto Auctions Opens New Ill. Facility
Jan 11 2005 // Westchester, Ill.-based auto salvage and claims processing provider Insurance Auto Auctions Inc. has opened a new greenfield facility in Lincoln, Ill. Located midway between Chicago and St. Louis, the new 15-acre location...
Okla. Legislation Aims to Override April 1 Auto Rate Hike
Jan 11 2005 // Oklahoma vehicle owners could combat an April 1 increase in auto insurance rates if a bill proposed by Rep. Jerry Shoemake (D-Morris) passes the Oklahoma Legislature. Shoemake has filed a petition to override a law,...
Motorcycle Fatalities in Maine Highest in Decade
Jan 7 2005 // The number of motorcycle fatalities hit the highest level in a decade in Maine in 2004, and riders who die are more likely to be baby boomers than teenagers on sport bikes, according to state officials. The number of...
Maine Auto Coverage Cancellation Law in Effect
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
21st Century Begins Selling Auto Insurance in Texas
Jan 5 2005 // Woodland Hills, Calif.-based 21st Century Insurance Group, a direct-to-consumer provider of personal automobile insurance, announced it has begun selling auto policies in Texas to provide consumers with the benefits of the...
Commerce Insurance Goes to Court Over Newly-Approved Mass. Auto Assigned Risk Plan
Jan 5 2005 // The Commerce Insurance Company, a wholly owned subsidiary of The Commerce Group, Inc., has filed an action in Massachusetts Superior Court, Suffolk County, in response to the rules published by the Division of Insurance...
Car Buyers Get No-Charge Insurance in Volkswagen-Nationwide Pilot Program Based on Car Model Risk
Jan 3 2005 // A Long Island insurance think-tank has licensed Volkswagen of America Inc. to offer the industry’s first no- charge insurance policy to customers who purchase or lease selected models during a three-month test in...
Sell Personal Lines Upgrades via Direct Mail
Jan 3 2005 // To remain in business, agents need to derive as much revenue as possible from every current insured, at the least possible cost. This is particularly the case now that the structure of the classic contingency commission is...
2005 MASS. AUTO RATES SET:
Jan 3 2005 // Massachusetts Insurance Commissioner Julianne M. Bowler issued a decision in the 2005 private passenger auto insurance rate case that will result in a statewide average rate decrease of 1.69 percent next year. The new...
Lessons Learned from a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Jan 3 2005 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
NONSTANDARD AUTO MARKET STUCK IN CYCLE, SAYS BEST:
Jan 3 2005 // A study released by A.M. Best has confirmed that the nonstandard automobile insurance sector is cyclical in nature, characterized by periods of severe price competition and excess capacity followed by periods of high...
Lessons Learned From a Cherry Red Car
Jan 3 2005 // The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like...
