Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Researchers Study 2.7M Auto Records; Reportedly Find Irrefutable Connection Between Credit History and Risk of Loss
Jun 24 2003 // In the largest and reportedly most comprehensive study ever undertaken on the connection between credit history and insurance risk, a team of researchers has found that a consumer’s credit-based insurance score is...
Shepard Raises Offer for 8 Million Shares of State Auto Financial
Jun 24 2003 // Investor Greg Shepard, who owns about 5 percent of Columbus, Ohio-based State Auto Financial Corp., offered to commence a tender offer for 8 million of State Auto’s 10.9 million public shares at $30 each. Shepard...
Insurance Auto Auctions Acquires N.C. Salvage Disposal Co.
Jun 24 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just...
S-5700 Passes N.Y. Assembly – Extends NYPIUA, Restores “2%” Rule
Jun 24 2003 // The New York Assembly followed their colleagues in the State’s Senate by passing legislation, S.5700, which extends the New York Property Insurance Underwriting Association’s authority for another year and...
Pa. Department Releases Market Conduct Exam Report; Results from Review of Private Passenger Auto Underwriting Guideline
Jun 23 2003 // Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, has released results from the Private Passenger Automobile Underwriting Guidelines review conducted by the...
NICB Says Port, Border Areas Special Targets for Vehicle Theft
Jun 23 2003 // The National Insurance Crime Bureau (NICB) reported that nine of the top 10 metropolitan areas for vehicle theft are in or near ports and Canadian and Mexican borders or within easy reach of them. The 10 metropolitan areas...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
NAII: Compulsory Auto Insurance Won’t Work in Wisconsin
Jun 20 2003 // Laws mandating that consumers buy auto insurance do not reduce the number of uninsured motorists, are virtually impossible to enforce and a bill to implement such a program in Wisconsin will not help the insurance market,...
Holyoke’s Departure Another Blow to Mass. Auto Market Says NAII
Jun 20 2003 // Holyoke Mutual Insurance Co.’s announcement that it will exit the auto insurance business and has entered into an arrangement to transfer all of its Massachusetts auto insurance business to Plymouth Rock Assurance...
AIA Opposes Repeal of Pa. Motorcycle Helmet Law
Jun 19 2003 // The American Insurance Association joined Western Pennsylvania’s Hospital Council in opposing the repeal of the state’s 35-year old motorcycle helmet safety law (See IJ Website June 18), calling it...
Plymouth Rock Reaches Agreement with Holyoke Mutual
Jun 19 2003 // Boston-based Plymouth Rock Assurance Corporation announced that it would offer five-year contracts to independent agents who represent Holyoke Mutual for Massachusetts private passenger auto insurance. Holyoke, based in...
IBC Analysis Confirms Increased Auto Claims Costs
Jun 18 2003 //
Penn. Hospitals Oppose Repeal of Motorcycle Helmet Law
Jun 18 2003 // The Hospital Council of Western Pennsylvania, which represents hospitals with trauma centers throughout the region, has urged state lawmakers not to repeal the current motorcycle helmet law. “We know that if...
NAII Says R.I. “Vicarious Liability” Bill Could Increase Auto Premiums
Jun 17 2003 // The National Association of Independent Insurers has issued a bulletin indicating that a bill, scheduled to be considered by the Rhode Island’s House Judiciary Committee, would expand liability for car renters and...
State Auto Shareholder Raises Takeover Bid
Jun 16 2003 // State Auto Financial Corp.’s largest individual shareholder boosted his takeover offer for the property and casualty insurer to about $316 million, but the firm’s majority owner gave the offer a frosty...
Mich. Commish Releases Auto Insurance Buyers’ Guide
Jun 13 2003 // Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters today issued the 2003 Buyers’ Guide to Auto Insurance in Michigan. The guide, which is an annual survey of automobile insurance...
CDI Busts Calif. Residents for Staging Auto Accidents
Jun 12 2003 // California Department of Insurance (CDI) Fraud Investigators announced arrest warrants have been issued for 10 people suspected of staging automobile accidents. Five of the suspects have been arrested and five are still...
PIANJ President Credits Association for Auto Reform and Agency Laws
Jun 12 2003 // Newly-elected president of the Professional Insurance Agents of New Jersey Inc., John D’Agostino Jr., CIC, said that the enactment of the state’s auto insurance reform bill and agency ownership law were...
NAII Says NJ Auto Reform “Proves Viability of State Regulatory System”
Jun 12 2003 // The National Association of Independent Insurers has issued a bulletin indicating that the recent enactment of auto reform legislation in New Jersey (See IJ Website June 9) “has several important implications for the...
