Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
Alleged Auto Fraud Ring Busted in N.C.
Aug 28 2003 // North Carolina Insurance Commissioner Jim Long announced the arrest of five suspects believed to be part of an extensive auto insurance fraud ring operating in Forsyth and Guilford Counties. Criminal investigators from the...
J.D. Power and Associates Says Auto Premiums Continue Significant Growth, Customer Satisfaction Stable
Aug 28 2003 // Automotive insurance premiums show no sign of leveling off as rates increased an average of 13 percent since 2002, according to the J.D. Power and Associates 2003 National Auto Insurance Study(SM). Despite increasing...
CIS, Inc. announces entry into S.C. non-standard auto market
Aug 28 2003 // CIS, Inc. announces entry into S.C. non-standard auto market Jess Chappell, President and CEO of Savannah, GA based CIS, Inc., announced that CIS will enter into the South Carolina non-standard auto market by taking over...
Arch Insurance Names Robert T. Van Gieson President & CEO of Arch London
Aug 27 2003 // Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced that Robert T. Van Gieson has been named to the position of President and CEO of Arch Capital UK Ltd., Arch’s London operation,...
Shepard Announces Offer, State Auto Advises Patience
Aug 25 2003 // Investor Gregory Shepard, who owns approximately 5 percent of Columbus, Ohio-based State Auto Financial Corp., announced a cash tender offer for 8 million of STFC’s almost 13 million public shares for $32 per share,...
N.J. MVC Employee Pleads Guilty in Motor Vehicle Title Scam
Aug 25 2003 // New Jersey Attorney General Peter Harvey announced that a former Motor Vehicle Commission (MVC) supervisor has pled guilty to a charge of official misconduct for reportedly selling a fictitious duplicate motor vehicle...
Oregon Drivers Spend Less than Average for Insurance
Aug 22 2003 // Oregonians spend less than the national average for personal automobile insurance, according to a recent report comparing premiums nationwide. The estimated average expenditure for personal auto insurance in Oregon was...
Cadillac Escalade SUV Drives Off As Top Theft Target, Worst Overall Theft Losses
Aug 22 2003 // According to the latest report from the Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety, the Cadillac Escalade SUV has the most frequent theft claims among 2000-02 model...
Kemper Auto & Home Opens New Lackawanna County Facility
Aug 20 2003 // David Yeager, Director of Pennsylvania Governor Edward G. Rendell’s Action Team, participated in a ribbon-cutting ceremony for Kemper Auto and Home, which is moving into a larger Lackawanna County facility. The...
State Auto Boards Appoint Mrozek and Couger
Aug 19 2003 // The boards of directors of Columbus, Ohio-based State Auto Financial Corp. (STFC) and State Automobile Mutual Insurance Co. elected Matt Mrozek and John Couger assistant secretaries of the State Automobile Mutual and State...
NYSID Issues Guidelines on Personal Auto Insurance
Aug 19 2003 // The New York State Insurance Department has issued Circular Letter #12, addressed to “All Insurers Authorized To Write Motor Vehicle Insurance In New York State; Rate Service Organizations; And Insurance Producer...
Uninsured Drivers Travel Under the Radar
Aug 18 2003 // Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty how many uninsured drivers there are on the...
N.Y. Officials Announce Indictments of Auto Body Shop Insurance Fraud Ring
Aug 14 2003 // Queens District Attorney Richard A. Brown, joined by Police Commissioner Raymond W. Kelly and New York State Insurance Department Superintendent Gregory V. Serio, announced that the owner, manager and employees of a Far...
IBC Cautions PEI Auto insurance Reforms Must Limit Regulation to Control Costs
Aug 13 2003 // The Insurance Bureau of Canada gave cautious approval to measures proposed by the government of Prince Edward Island (PEI) to address rising auto insurance claims costs, calling them a “positive step...
Mercury to Travel N.J.’s Roads to Auto Competition
Aug 8 2003 // Thursday’s announcement by Governor James McGreevey that Mercury General will begin selling automobile insurance in the Garden State confirms that the strong and positive message sent by the recent passage of the New...
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Florida-based agency specializing in Collector Vehicle insurance now offers program in 44 states
Aug 5 2003 // Florida-based agency specializing in Collector Vehicle insurance now offers program in 44 states Stuart, Florida — American Hobbyist Insurance has become a national player in the collector vehicle insurance niche,...
Florida-based agency specializing in Collector Vehicle insurance now offers program in 44 states
Aug 5 2003 // American Hobbyist Insurance has become a national player in the collector vehicle insurance niche, with program availability in 44 states and additional state filings pending. The agency offers low “collector”...
Illinois Latest to Toughen Penalties Against Uninsured Motorists
Aug 4 2003 // Illinois drivers cited three times by police for driving without proof of the mandated auto liability policy will now have their drivers’ licenses revoked, while uninsured motorists involved in an accident that...
