Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
Del. Becomes First State to Implement InsureNet’s Vehicle Insurance Verification System
Jun 11 2003 // Technology provider InsureNet USA Inc. announced that Delaware has become the first state in the U.S. to adopt the company’s InsureNet System, an accurate vehicle insurance status system. The system, which operates...
N.J. Gov. McGreevey Signs Auto Reform Bill; AAI Optimistic Further Changes Can Be Accomplished
Jun 10 2003 // While commending New Jersey Gov. James McGreevey (D) for signing into law on Monday important auto insurance reform legislation, the Alliance of American Insurers (AAI) warned those who want to attract and keep good auto...
PIANJ Hails Signing of N.J. Auto Reform Bill
Jun 10 2003 // The Professional Insurance Agents of New Jersey Inc. hailed Governor James E. McGreevey’s signing of S.63/A.2625, reform legislation aimed at combating the State’s auto insurance crisis (See Article in...
PIFC Reports on Dangers of Eliminating Territorial Rating
Jun 9 2003 // Four California Insurance Commissioners and the California Supreme Court reportedly agree-the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in...
REPORT SAYS U.S. INSURANCE INDUSTRY LOSES $13.7B ANNUALLY DUE TO AUTO PREMIUM RATING ERROR:
Jun 9 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.M. COURT OF APPEALS REJECTS AUTO LIABILITY:
Jun 9 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...
Sparks Fly During Nevada’s Legislative Session
Jun 9 2003 // The fireworks, bright lights and loud noises emanating from Nevada is not the Las Vegas strip, it is actually the final weeks of legislative debate in the state capital in Carson City. Once again the Nevada legislature has...
Aon Corp. Expands, Renames Collector Car Program
Jun 5 2003 // Aon Corporation recently expanded in the collector car insurance marketplace and offers coverage for a variety of models including antiques, classics, street rods, customs and vintage. The newly named Aon Collector Car...
