Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Alliance Explores Marketability of Low Cost Auto Program
Aug 9 2004 // The American Agents Alliance has just completed a survey of independent insurance producers regarding the Low Cost Auto Insurance program enacted by the Legislature in 2000. The Alliance was approached by Senator Jackie...
Commercial Auto
Aug 9 2004 // Nuts & Bolts: Builders & Tradesmen’s Insurance Services (BTIS) announced a new online commercial auto program intended for up to four vehicles with a maximum GVW of 45,000 lbs. Classes of business include...
Franchised Truck Dealers
Aug 9 2004 // Nuts & Bolts: Myers, Benner Corp. is offering a franchised truck dealers program to insure franchised heavy truck dealers for property, garage liability, open lot, workers’ compensation and umbrella...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Aug 9 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
PCI: Mandatory Auto Insurance Doesn’t Reduce Number of Uninsured Drivers
Aug 9 2004 // Although unlicensed and uninsured drivers comprise a significant traffic safety concern across the country, the solution to the problem is not compulsory automobile liability insurance, according to the Property Casualty...
N.J. Auto Reforms Bring Rewards to Drivers
Aug 6 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke recently commended Liberty Mutual’s decision to return nearly $15 million to more than 200,000 policyholders. Liberty Mutual’s decision brings the total...
Ark. Urges Insurers Not to Deny Auto Coverage to Returning U.S. Armed Forces
Aug 6 2004 // The Arkansas Insurance Department reported it has received information indicating some automobile insurance companies are denying reinstatement, refusing to write, or raising premium rates for members of the U.S. Armed...
OSHA Urges Federal Employees to Buckle Up
Aug 6 2004 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) in partnership with the National Highway Traffic Safety Administration (NHTSA) will hold a motor vehicle safety symposium to drive...
Mass. Gov. Romney Signs Bill Changing Effective Date of Auto Rates to April 1
Aug 3 2004 // Massachusetts Gov. Mitt Romney has signed into law a bill changing from January 1 to April 1 the date that annual private passenger auto insurance rates take effect. The measure had been backed by the Massachusetts...
Three Suspects Arrested for Alleged Auto, Work Comp Insurance Fraud
Aug 3 2004 // Investigators arrested three people August 3 on numerous felony charges after a 3-year California Department of Insurance investigation into a chiropractic office, which uncovered numerous alleged auto insurance and...
Proposed Mass. Auto Plan a ‘Trojan Horse’ Designed to Fail, Charges Consumer Advocate
Aug 2 2004 // The current proposal to change the Massachusetts auto insurance residual market to an assigned risk plan is “a Trojan Horse proposal designed to fail in order to produce an endless stream of anti-consumer measures in...
Webcetera Delivers “Real Time” Auto Insurance Quotes for Safeco and Independent Insurance Distributors
Jul 29 2004 // Independent insurance distributors in seven western states now can get accurate Safeco Auto and Home quotes without leaving their EZLynx Web portal (www.ezlynx.com). In insurance industry parlance, this is...
ACE USA Makes Fla. Appointments
Jul 29 2004 // ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced two appointments in ACE Select Markets’ Recreational Vehicle unit. Pam Simon has been named assistant vice president, responsible for...
State Auto Reports Record Quarterly Results
Jul 27 2004 // Ohio-based State Auto Financial Corp. reported record second quarter net income of $34.6 million, or $0.85 per diluted share, versus $8.3 million or $0.21 per diluted share for the same period in 2003. Net operating...
Mass. Commissioner Replaces 5 on Auto Plan Board
Jul 26 2004 // The Massachusetts high risk plan currently in the throes of changing from a reinsurance plan to an assigned risk plan now has five new governing committee members. Massachusetts Insurance Commissioner Julianne Bowler has...
Mandatory Auto Insurance Does Not Reduce Number of Uninsured Drivers, Says Insurer Trade Group
Jul 25 2004 // Although unlicensed and uninsured drivers comprise a significant traffic safety concern across the country, the solution to the problem is not compulsory automobile liability insurance, according to the Property Casualty...
Industry, Consumer Interests Square-Off Over Mass. Auto High Risk Plan Changes
Jul 23 2004 // A parade of industry representatives urged Massachusetts Insurance Commissioner Julianne Bowler to approve rules to transform the state’s auto insurance high risk plan into an assigned risk model, but consumer groups...
Insurance Auto Auctions Notes Q2 Numbers
Jul 23 2004 // Illinois-based Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, reported higher net earnings for the quarter ended June 27, 2004. The company recorded net...
Sen. Schumer Targets N.Y. Car Insurance Fraud
Jul 23 2004 // Fraud and auto insurance scams are costing New York drivers millions in inflated insurance premiums, U.S. Senator Charles E. Schumer (D-N.Y.) warned. New York drivers pay the second highest car insurance rates in the...
Mass. Legislation Aims to Eliminate Confusion in Auto Insurance Billing
Jul 22 2004 // The Massachusetts Legislature has approved legislation that insurance agents hope will help eliminate confusion in auto insurance billing. The Massachusetts Senate on Wednesday joined the House in approving House Bill...
