Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Alabama to Host Auto Rate Hearings
Mar 11 2003 // The Alabama Department of Insurance recently announced two rate hearings for private passenger automobile insurance. The first will be held March 25 and the second on April 1. The March 25 public hearing will address the...
Calif. Man Arrested for Auto Insurance Fraud
Mar 10 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...
New Swiss Re Technical Publication Issued for Calculating Claims Ratio in Third Party Auto Liability Insurance
Mar 10 2003 // Swiss Re announced that it has published a new brochure on the “Pricing of motor quota share treaties,” which will give brokers and insurers a guide on “how premiums can be profitably priced in ther...
Arrests for Insurance Fraud and Grand Theft
Mar 10 2003 // Two men were arrested and charged with felony insurance fraud and grand theft after being investigated by the Special Investigation Unit within State Farm Insurance and the California Department of Insurance (CDI) Fraud...
InsWeb Index Reveals Auto Ins. Rates Increase in 2002
Mar 7 2003 // InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance. According to data...
Truck Driver Charged in $78,500 Workers’ Comp Fraud
Mar 7 2003 // New York State Insurance Department Superintendent Gregory Serio, Queens District Attorney Richard Brown, and New York State Workers’ Compensation Fraud Inspector General John Burgher Jr., announced that a truck...
AIA Says N.Y. No-Fault Auto Reform Won’t Work
Mar 5 2003 // The New York State Assembly Majority’s no-fault auto insurance reform proposal seeks to improve the marketplace by creating a new bureaucracy, an approach that will not work, according to the American Insurance...
Two Bills Up for Hearing in N.H. House Commerce
Mar 4 2003 // Two significant insurance-related bills are up for hearing this week in the New Hampshire House Commerce Committee. “These two bills couldn’t be more contradictory,” Gerald Zimmerman, senior counsel for...
State Auto Financial Earns $19.3 Million in Fourth Quarter
Mar 3 2003 // State Auto Financial Corp. reported fourth-quarter net earnings of $19.3 million, or 49 cents per share, compared to 27 cents per share for the year-earlier quarter. Net operating earnings for the quarter were 40 cents per...
Coalition Says N.J. Drivers Have Fewer Choices
Feb 27 2003 // New Jersey’s insurance crisis reportedly took yet another turn for the worse Wednesday when the New Jersey Department of Banking and Insurance allowed New Jersey Manufacturers Insurance Group, the state’s...
Federal Officer Charged With Torching Truck in Fla. Scam
Feb 27 2003 // A Gulf County, Florida man who happens to be a federal law enforcement officer, was arrested for setting his 1999 Chevrolet Z71 truck allegedly in order to collect insurance money. According to the Florida Department of...
ConfirmNet Unveils Auto ID Card Service
Feb 24 2003 // ConfirmNet Corporation, a supplier of online solutions for insurance certificate management, introduced an ID card service for agents and brokers to offer to businesses with vehicle fleets. Policyholders can request auto...
PIANJ Says Auto Market Problems Stem from Availability
Feb 24 2003 // David Madara, president of the Professional Insurance Agents of New Jersey Inc., told the Assembly Banking and Insurance Committee at the state house in Trenton last week that reforms to New Jersey’s ailing...
NAII Urges Support of Colo. No-Fault Insurance Reforms
Feb 24 2003 // With the fate of the Colorado’s no-fault auto insurance system hanging in the balance, the National Association of Independent Insurers (NAII) is urging the Legislature to adopt reform legislation (HB 1225) that will...
CDI Makes Progress with Fraud Cases
Feb 21 2003 // Investigators with the California Department of Insurance (CDI) Fraud Division announced recent developments in these insurance fraud cases: ·Mauricio Acosta, 23, was arrested at his residence without incident and booked...
Md. Legislative Session at Halfway Point
Feb 21 2003 // The 2003 Maryland legislative session is at the halfway point, with a crop of insurance-related bills still working their way through the process, including legislation on no pay/no play, insurers’ use of credit,...
AIA Urges N.J. Assembly to Stay Focused on Auto Reform
Feb 21 2003 // The American Insurance Association (AIA) urged the New Jersey General Assembly to remain focused on competition and stabilizing the auto insurance market at an Assembly Banking and Insurance hearing on auto insurance...
Two Men Plead Guilty to Fraud Charges
Feb 10 2003 // Two San Fernando Valley, Calif. residents, Timothy Caffery, 24, and Jose David Duarte, 22, pled guilty to insurance fraud charges as a result of a four-month investigation by the CDI Urban Auto Fraud Task Force. The two...
CDI Busts Up Fraudulent Auto Scheme
Feb 10 2003 // CDI Fraud Division Investigators arrested four individuals after executing search warrants at their homes and an auto body repair shop located in Oakland. California residents Art Mercado, 56, of Alameda, Scott Carey, 31,...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
