Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
NetBank Launches Auto Insurance Through Affiliate
Apr 15 2003 // Internet bank NetBank®, based in Atlanta, announced it is now offering insurance products to consumers through its sister company, NetInsurance Inc., a national insurance agency offering products from many of the...
Trio of N.J. Residents Charged with Receiving Stolen Cars, Fraud
Apr 14 2003 // New Jersey’s Acting Attorney General Peter Harvey announced that three North Jersey men have been charged via separate Passaic County Grand Jury indictments with conspiracy, receiving stolen property and theft by...
Progressive Seeks Damages Against Fla. Chiropractic Clinic for Fraud
Apr 14 2003 // Four Progressive Corp. subsidiaries have filed a civil suit against First Chiropractic Clinic of Orlando, First Chiropractic Clinic of Pine Hills and its principal, Mirlourdes Beliard-Hopkins, and chiropractors Jodie Ellis...
Halifax Launches ‘Quote & Buy’ Car Insurance in Branches
Apr 14 2003 // Halifax has announced that it will become the first high street bank to offer a face-to-face ‘quote and buy’ service for car insurance in its branches. The service is designed to complement the company’s...
U.S. Congress Hears of N.J. Auto Insurance Crisis
Apr 11 2003 // Federal lawmakers Thursday learned that New Jersey’s auto insurance crisis has impacted more than a quarter million people within the past three years alone, forcing drivers to search for auto insurance in a market...
Progressive Steps Up Claims Service
Apr 9 2003 // Leading auto insurer Progressive Insurance Co., well known for its claims service, is now stepping up that service to the next level, according to a statement released by the company. The Mayfield Village, Ohio-based...
NAII Fears Vermont Uninsured Auto Bill Could Raise Rates for All Drivers
Apr 8 2003 // The National Association of Independent Insurers fears that a bill dealing with uninsured motorist coverage, passed by the Vermont Senate, could drive auto insurance prices higher in an already hard market. “Because...
