Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
NAII Says No-Fault Reform Legislation is No Bargain for Colo. Residents
May 5 2003 // Colorado’s major automobile insurers are reportedly urging lawmakers to reject a last ditch no-fault auto insurance reform plan that would offer no cost saving for policyholders. Members of the National Association...
Ins. Auto Auctions Acquires Utah’s Mountain States Salvage Pool
May 1 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced the acquisition of Mountain States Salvage Pool located in Ogden, Utah. Situated just north of...
NJ Creates Task Force on Urban Area Insurance
May 1 2003 // New Jersey’s Insurance Commissioner, Holly C. Bakke, has implemented the call by Governor James E. McGreevey to tackle the special problems the state’s urban consumers face when looking for insurance, with an...
PIANY Says Increased Motor Vehicle Fees are Misdirected
May 1 2003 // The Professional Insurance Agents of New York State Inc. has issued a statement indicating that the state budget proposal to raise the current $1 annual Motor Vehicle Law Enforcement Fee to $5 is misdirected. “If the...
Facts and Findings about Windshields
May 1 2003 // Windshields are the number one insurance claim in the United States. Thirty percent of auto insurance claims are windshields. Edge cracks account for approximately 70-80% of these windshield replacement claims. Edge cracks...
State Auto Financial Profit Up 60% Over First Quarter 2002
Apr 30 2003 // Columbus, Ohio-based State Auto Financial Corp. announced record net earnings of $21.1 million for the first quarter of 2003. GAAP net earnings were 53 cents per diluted share, versus 33 cents for the same period last...
Vesta Reports Improvements in 1st Qtr. Results
Apr 30 2003 // Birmingham, Ala.-based Vesta Insurance Group Inc. reported that for the first quarter 2003, its non-standard auto unit generated $4.9 million in net income and its standard auto division brought down its combine ratio to...
Safeco Posts First Underwriting Profit in Four Years
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
NYSID Announces Arrest of Man Who Sold False N.J. Auto Insurance to New Yorkers
Apr 25 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that a joint investigation with the Manhattan District Attorney’s Office and New York Police Department has resulted in the arrest of Jose...
Tort-based Auto Insurance Bill Advances in Colo.
Apr 24 2003 // The Colorado House passed legislation April 21 that would replace the state’s current no-fault auto insurance system with a tort-based system. Meanwhile, the House is also expected to act later this week on...
SAFECO Introduces New Motorcycle Product in Texas
Apr 24 2003 // Safeco announced it is taking to the open road with new motorcycle coverage designed to compete in a market that’s growing steadily at an estimated 10 percent a year. The new motorcycle product is being phased in...
Wisconsin Assembly Considers Credit Scoring Bill
Apr 24 2003 // The Wisconsin Assembly is considering a bill that would prohibit insurers from using credit scoring information to issue or renew auto or property insurance policies. Assembly Bill 278, authored by Rep. Gregg Underheim...
Aegon Appoints Marc van Weede to Head Group Business Development
Apr 23 2003 // Aegon N.V., the Dutch financial services and insurance group, announced that Marc van Weede, 37, has been appointed head of the Group Business Development department effective 17 April 2003. He will report to Alexander...
Kemper Auto and Home Enhances Collectibles Program
Apr 21 2003 // Kemper Auto and Home recently introduced its collectibles program, a new product enhancement initiative for the professional collector with a broader range of coverage options. The program provides additional premium...
Calif. Man Arrested for Auto Insurance Fraud
Apr 21 2003 // Samuel Tufino Machado, 22, also known as Salvador Castaneda, was arrested and booked into the Sacramento County Jail on two felony counts of insurance fraud with special allegations that the crimes were committed while he...
N.Y. Man Arrested for Fraudulently Reporting Auto Theft to Further Scheme
Apr 18 2003 // New York Superintendent of Insurance Gregory Serio announced the arrest of Ricky DeSantis of Rochester, who was charged with insurance fraud, attempted grand larceny and falsifying business records. It is alleged that on...
Amendment May Slow Down Ga. Vehicle Database Bill
Apr 18 2003 // Insurers and legislators who have collaborated on a bill designed to fine-tune Georgia’s motor vehicle insurance database are hoping that an unrelated amendment will not spoil chances of the bill’s eventual...
Brooklyn Man Arrested for Selling Fraudulent Auto Insurance to Neighbor
Apr 17 2003 // New York Superintendent of Insurance Gregory Serio announced the arrest of Raphael Benjamin of Brooklyn, New York, who was charged with insurance fraud, forgery, grand larceny and falsifying business records. It is alleged...
Midland Co. Reports Record First Quarter 2003 Results
Apr 17 2003 // The Midland Co. reported record results for its first quarter ended March 31, 2003. Net income per share was 56 cents, including 7 cents in realized capital losses. That compares with 44 cents per share in last...
Central Miss. Storms More Expensive Than Expected
Apr 17 2003 // Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of...
