Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
N.Y. Superintendent Calls for Auto Rate Reassessment as Fraud-Fighting Successes Drop Insurers’ Losses
Nov 23 2004 // New York Superintendent of Insurance Gregory Serio on Tuesday announced the commencement of an immediate and broad-based review of auto insurance rates for private passenger vehicles in New York State. Insurance companies...
Mass. Approves New Residual Auto Plan
Nov 23 2004 // After years of industry complaints and months of wrangling among regulators, carriers, voluntary agents, involuntary agents, consumers and lawmakers, Massachusetts has overhauled its system of insuring high risk...
N.C. HAS 8TH LOWEST AUTO RATES IN U.S.:
Nov 22 2004 // A National Association of Insurance Commissioners report comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an...
Hagerty to Write Collector Car, Lowrider Policies
Nov 22 2004 // They scrape the pavement with ground-effects bodywork, shake side-to-side, and feature the fanciest air ride suspension systems on the market. These amazing cars, known as lowriders, are a fast-growing segment of the...
ICT VIDEO TARGETS TEENS:
Nov 22 2004 // The Insur-ance Council of Texas has teamed up with Texas’ Regional Education Service Centers to provide the state’s teenagers with information about auto insurance. The two groups produced Auto Insurance 101,...
Lowriders
Nov 22 2004 // Nuts & Bolts: Traverse City, Mich.-based Hagerty Insurance added two categories of lowriders to the list of customized and collectible vehicles it insures. As defined by Hagerty, a lowrider is a car or truck that has...
Progressive’s Black Box: Is Big Brother Good for the Industry’
Nov 22 2004 // Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Company is using so-called “black box” technology to offer drivers discounts based on...
Loss Ratios Improve in 45 States Nationwide
Nov 22 2004 // The commercial auto market went through some tough times. After years of deteriorating loss ratios, things have definitely turned around. What does this mean for the marketplace? In some cases, prices have started to...
N.Y. CRACKS FRAUD RING:
Nov 22 2004 // New York officials are hailing the arrest of 24 individuals alleged to have been involved in an auto insurance fraud operation they say has ties to organized crime. New York City Police Commissioner Raymond W. Kelly, Kings...
N.J. WINS BACK STATE FARM:
Nov 22 2004 // A flurry of special dividends and a series of rate reductions from auto insurers, along with increased competition and new regulations adopted by the New Jersey insurance department, are helping to reshape the...
Auto Physical Damage
Nov 22 2004 // Nuts & Bolts: Victor O. Schinnerer and Co. has a new line of auto physical damage insurance coverage for vehicles such as trucks, buses, emergency vehicles, (including ambulances), fire trucks, police cars, and all...
Texas Leads Nation in Fatal Crashes with Animals
Nov 18 2004 // Far more people have died in Texas motor vehicle collisions with animals than in any other state. Many of these fatalities could have been prevented if motorists had worn seatbelts or motorcyclists had worn helmets. A new...
Mass. Must Face the Facts About Its Flawed Auto System, Commissioner Bowler Tells Agents
Nov 17 2004 // It’s time for Massachusetts to face the facts about its old ways of tightly regulating private passenger auto insurance and create a modern day system, Massachusetts Insurance Commissioner Julianne Bowler told agents...
Ohio Commissioner Says to Look Out for Deer
Nov 17 2004 // With deer-vehicle collisions on the rise, Ohio Insurance Director Ann Womer Benjamin has asked motorists to investigate their insurance options and to take extra precaution while traveling. Typically, vehicle accidents...
ISO Enhances Policy-Verification Solution
Nov 17 2004 // ISO has enhanced its Coverage Verifier policy-verification solution with four new services to help insurers manage third-party account relationships more efficiently. Insurers who report coverage data to the ISO system...
ADR, Fiserv FSC Announce Integrated Motor Vehicle Record Reports in California and Arizona
Nov 17 2004 // American Driving Records (ADR), a wholly-owned subsidiary of First Advantage Corporation and Fiserv FSC Inc. announced the launch of a new software interface that will allow California and Arizona insurance agents to order...
Mass. Court Upholds Bowler’s 2004 Auto Rates
Nov 16 2004 // Massachusetts Insurance Commisioner Julianne Bowler’s decision setting private passenger auto insurance rates for 2004 has been upheld by the state Supreme Judicial Court. A minor portion dealing with premiums for...
California Leads the Nation in Auto Theft Rates for 2003
Nov 15 2004 // The National Insurance Crime Bureau (NICB) reported that for calendar year 2003, car thieves were most active in California. Six of the nation’s ten hottest spots for vehicle theft rates are in California, while the...
USAA Cuts Auto Rates by 12 Percent in Texas
Nov 14 2004 // San Antonio-based USAA announced that beginning in December it will reduce auto insurance rates by an average of 12 percent for its Texas members. The reduction follows a February 2004 rate cut of 4.5 percent. Henry...
State Farm Decision to Stay in New Jersey Auto Market Latest Sign of Improved Insurance Environment
Nov 10 2004 // A flurry of special dividends and a series of rate reduction announcements from auto insurers, coupled with increased competition and new regulations adopted by the New Jersey insurance department, are helping to reshape...
