Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Fourteen Arrested for Insurance Fraud in L.A. Sweep
May 23 2003 // The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal...
Palisades Group Acquires Prudential’s NJ P/C Company
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
Alabama to Hold Auto Rate Hearings on June 18
May 22 2003 // The Alabama Insurance Department announced it will hold public hearings on the proposed revisions of private passenger automobile insurance rates and rules as filed and requested by the four separate companies on June 18,...
State Auto Expects About $23 Million in May Storm Losses
May 21 2003 // State Auto Financial Corp. announced that it estimates that May storms would contribute about $23 million to $26 million pre-tax to losses in the second quarter, adding 10 to 11 direct-loss ratio points to second quarter...
The Hartford Launches Agent Suite of Transactions Using XDTI
May 21 2003 // The Hartford Financial Services Group has introduced a suite of transactions for independent agents who use XDimensional Technologies’ (XDTI) Nexsure agency management system, further increasing agents’ ease of...
CDI Busts 19 Bay Area Auto Body Shops
May 20 2003 // Nineteen California auto repair shops were busted by the Department of Insurance last week for allegedly providing fraudulent written repair estimates for vehicles that had no visible damage, according to the Associated...
SAFECO Introduces New Motorcycle Product in Texas
May 19 2003 // Nuts & Bolts: Safeco announced a new motorcycle coverage designed to compete in a market that’s growing steadily at an estimated 10 percent a year. The company said the average motorcycle owner is 38 years old...
NAII, Alliance and AIA Comment on NJ Auto Reform Bill’s Passage
May 19 2003 // The National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association all had favorable comments on the passage of New Jersey’s Auto Insurance Reform Act. (See...
NJ Assembly Approves Auto Insurance Reform Act
May 19 2003 // On Friday the New Jersey General Assembly unanimously approved The Automobile Insurance Competition and Choice Act (S-63/A-2625), a measure designed to correct “years of politically influenced auto insurance...
NAII Says Quickest Cure for MA Auto Insurance Market is Increased Competition
May 19 2003 // Representatives of the National Association of Independent Insurers told the Massachusetts Division of Insurance at a recent hearing that one of the most effective ways to enhance the insurance market for consumers in the...
Allstate Looking to Form Separate Calif. Subsidiary
May 19 2003 // While noting it is a challenging market, Allstate Corp. is looking to expand its presence in the California auto market by establishing a separate company for its state operations that would focus specifically on the auto...
IBC’s AIM Conference Brings Together Insurers and Car Makers
May 15 2003 // The opening in Toronto of the Insurance Bureau of Canada’s sixth annual Automotive Insurers and Manufacturers Forum gave insurance and automotive professionals from across Canada a valuable opportunity to share...
Esurance Insurance Co. Offering Auto Program in Illinois
May 15 2003 // Esurance Insurance Co. is offering a new market for personal lines auto insurance in Illinois. Policy limits are $250/$500; deductibles are $250/$500/$1,000. The product is an admitted market with an ‘A’...
N.M. Court of Appeals Rejects Auto Liability Stacking
May 12 2003 // The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James...
AAI Welcomes Colo. Transition From No-Fault to Tort-Based Auto System
May 12 2003 // Recently, Colorado Gov. Bill Owens (R) signed into law AB 1188, authored by Rep. Keith King (R-21 El Paso), to allow the state’s auto insurance system to transition from a no-fault system to a tort reparation system...
PIANJ President Says Governors’ Plan May Ease Auto Insurance Crisis
May 12 2003 // David Madara, President of The Professional Insurance Agents of New Jersey Inc.and the organization’s Legislative Representative Leon Zimmerman, attended a press conference on Friday with Governor James E. McGreevey,...
Detroit Auto Insurance Fraud Ring Busted, AG Says
May 9 2003 // A 16-member auto insurance fraud ring operating in the Detroit metro area has been busted, according to Michigan’s attorney general, Michael Cox. An investigation conducted by the National Insurance Crime Bureau...
PIANJ Offers Suggestions to Help Counter State’s Auto Insurance Availability Crisis
May 8 2003 // Following the recent hearings on reforming New Jersey’s auto insurance coverage regulations, the Professional Insurance Agents of New Jersey Inc. suggested that the problem with auto insurance availability stems from...
Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error
May 7 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
N.J. Reform Approved by Assembly Committee
May 6 2003 // The General Assembly Banking and Insurance Committee in New Jersey approved legislation Monday that will reportedly correct years of politically influenced auto insurance regulations that have eroded the availability of...
