Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
German Insurers Set Up Terror Risk Vehicle
Sep 4 2002 // 16 leading insurance companies, including Munich Re, Swiss Re and Allianz, announced the foundation of “Extremus,” a jointly owned insurance vehicle which will provide excess coverage for losses caused by...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // Among those combating this problem has been the New York Department of Insurance. New York Insurance Commissioner Gregory Serio said his department has actively coordinated with other law enforcement agencies to...
Friends Arrested on Auto Fraud Charges
Sep 2 2002 // Emmanuel Benavides Torres, 25, and Oscar Gomez Martinez, 26, were arrested on insurance fraud and arson charges. According to the CDI Criminal Investigations Branch’s Fraud Division, a Suspected Fraudulent Claim...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // The events of Sept. 11, 2002 are no doubt unique, but as with all disaster, there are some that are likely to take advantage of the situation. Needless to say, insurance fraud has reared its ugly head over the last year as...
Vesta Affirmed
Sep 2 2002 // Fitch Ratings affirmed “BBB-” insurer financial strength ratings of Vesta Insurance Group’s insurance subsidiaries. A “BBB-” rating was assigned to Florida Select Insurance Company (Florida...
New La. Auto, Homeowners Rate Comparison Guides Available
Aug 20 2002 // Louisiana Acting Commissioner of Insurance J. Robert Wooley announced the compilation of new rate comparison guides for auto and homeowners insurance, which are available free of charge. “Both the auto and the...
State Auto Financial Announces Dividend Increase
Aug 19 2002 // The board of directors of Ohio-based State Auto Financial Corporation voted to increase the quarterly cash dividend to $0.035 per share, payable Sept. 30, 2002, to shareholders of record at the close of business on Sept....
Calif. Woman Arrested for Auto Fraud
Aug 19 2002 // Monique E. Henriquez, 37, of Elk Grove, Calif., surrendered to authorities in Sacramento County on four counts of insurance fraud. According to an investigation by the CDI, Henriquez’s State Farm automobile policy...
Friends Caught in Auto Fraud Scheme
Aug 19 2002 // A Sacramento man was arrested by the CDI’s Organized Auto Fraud Interdiction Task Force on charges of auto insurance fraud. An Oregon man who allegedly acted as an accomplice is expected to surrender to authorities...
Mo. Ranks 32nd in Costs for Insuring Passenger Cars, Trucks
Aug 16 2002 // Residents of 30 states and the District of Columbia on average paid more in 2000 to insure their autos than Missourians, according to a new national study. With about 4 million passenger cars and trucks on the road in the...
Ala. Dept. to Hold Auto Rate Hearing Sept. 17
Aug 16 2002 // The Alabama Commissioner of Insurance will hold a hearing Sept. 17 at 10 a.m. at the offices of the Alabama Department of Insurance, 201 Monroe Street, Suite 1700, Montgomery. The hearing will be used to discuss a revision...
Kemper Expands Web Training for Agents
Aug 14 2002 // Kemper Auto and Home, formerly Individual Family and Group (IFG) are adding a pair of training seminars to its roster. To date, more than 3,000 new and existing agents have participated in the program since it was first...
Vesta Declares Cash Dividend, Receives Negative Outlook from Fitch
Aug 9 2002 // Alabama-based Vesta Insurance Group, a holding company for various insurance and financial service firms, announced its board of directors has declared a quarterly cash dividend of $0.025 per share for the period ending...
New Jersey Skylands Group Targets Local Auto Market
Aug 7 2002 // OneBeacon Insurance, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced the formation of New Jersey Skylands Insurance Group as part of a restructuring of its New Jersey Personal Lines operation....
Calif. Authorities Bust Major Auto Fraud Ring
Aug 5 2002 // In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance...
ISO Integrater
Aug 5 2002 // Insurance Services Office Inc. (ISO) has expanded ISO IntegRater™ to deliver commercial-auto advisory loss costs and rating factors so insurers can directly incorporate the information into their rating and...
FARMERS EXCHANGE AND TRUCK EXCHANGE SUE BODY SHOP
Aug 5 2002 // Farmers Insurance Exchange and Truck Insurance Exchange began serving summons and complaints July 16 upon a Contra Costa County, Calif. body shop and its owners, accusing them of taking part in a large-scale scheme...
Calif. Authorities Bust Major Auto Fraud Ring
Aug 5 2002 // In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance...
Calif Men Arrested for Alleged Fraud, Arson
Aug 2 2002 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested two men on insurance fraud and arson charges. Emmanuel Benavides Torres, 25, and Oscar Gomez...
NAII Requests Veto of Two N.Y. Bills
Aug 2 2002 // New York Governor George Pataki should veto two bills that would cause problems for consumers by expanding auto insurance liability for personal and rental vehicles, according to the National Association of Independent...
