Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
‘Want Me to Steal Your Motorcycle”
Sep 10 2001 // David Simoes, 26, of San Jose was arrested on charges of attempted insurance fraud and attempted auto theft in connection with a claim on a $9,000 Yamaha racing motorcycle. The charges stem from a CDI undercover...
Ask and You Shall ‘Receipt’
Sep 10 2001 // The CDI announced the arrest of two individuals in unrelated cases, both involving Sacramento residents. Daniel Vikash, 20, surrendered to authorities on two felony counts of insurance fraud. In April 2001, Vikash...
Kingsway Expands Nonstandard Auto in U.S.
Sep 7 2001 // Kingsway Financial Services Inc. entered into an agreement with The Vision Insurance Group to underwrite nonstandard automobile insurance in the U.S., beginning in Virginia, Indiana, Arkansas, Ohio and Kentucky, through...
Insurance Auto Auctions Opens Conn. Site
Sep 7 2001 // Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services, announced the opening of a new “greenfield facility” in East Windsor, Conn., serving Hartford and other...
Courts Continue to Reject Diminished Value Concept in Class Actions
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
MetLife Auto Wins $3 Million Fraud Judgment
Sep 4 2001 // A Massachusetts court awarded MetLife Auto & Home $2,989,270 in damages for fraud against the owners and operators of numerous auto body repair shops, several former policyholders and one of its former appraisers. The...
Auto Club Says Higher Percentage of Southland Boating Accidents Involve Personal Watercraft
Sep 4 2001 // As water lovers get ready to head out for beach and river trips during the last few weeks of summer, the Automobile Club of Southern California warned boaters to take safety precautions when using boats and personal...
TDI Considers Regulations for Insurance-by-the-Mile
Sep 3 2001 // The Texas Legislature authorized insurance-by-the-mile-based auto insurance coverage during this year’s session with the passage of House Bill (HB) 45 and the Texas Department of Insurance (TDI) is now hard at work...
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
Mileage-Based Auto Insurance’
Sep 3 2001 // Rule makers over at TDI are huddling these days trying to decide how best to promul-gate regulations for the pending implementation of private passenger auto insurance by-the- mile for Texas drivers. The measure was born...
Five Fresno Residents Arrested for Insurance Fraud
Aug 31 2001 // Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch, Fraud Division, served arrest warrants on five local Fresno residents last week. The arrests concluded a six-month...
Open Debate Held on Mass. Auto Rates
Aug 29 2001 // Representatives of the insurance industry, state regulators and the general public met yesterday at the first of two scheduled public hearings to consider a 7.8 percent increase in Massachusetts auto rates insurers are...
Independent Liquidators Set Up Run-off Vehicle
Aug 29 2001 // The provisional liquidators at PricewaterhouseCoopers, Mark Batten and Daniel Schwartzmann, announced that they have established Aurora Corporate Services as a wholly-owned subsidiary of Independent Insurance to act as a...
Insurers Slow to Meet State Auto Liability Reporting Requirements
Aug 29 2001 // It doesn’t matter how much advance notice they get from the state motor vehicle departments — many insurance companies hold off until the last minute before considering how they will comply with automobile...
Latin American Agents Association Joins the National Auto Agents Alliance
Aug 29 2001 // At its Board meeting in Atlanta, Ga., the National Auto Agents Alliance (NAAA) accepted an application for affiliation from the Latin American Agents Association (LAAA). The LAAA is a three-year-old organization...
New Fuel Added to the Fire Over NJ Auto Rates
Aug 28 2001 // The battle over New Jersey’s auto insurance rates and regulations, which began when State Farm Indemnity, the largest writer in the State, announced its intention to withdraw from the market, continues to rage as the...
Politics Can Lead to Bumps in the Road for Auto Insurance
Aug 27 2001 // Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible...
Mercury Requests Additional Auto Rate Hike
Aug 24 2001 // According to the Los Angeles Times, Mercury General Corporation has made filings with the California Department of Insurance requesting an additional 4.9 percent to 6.9 percent increase in auto rates, depending on the type...
Esurance Teams with Patelco to Launch Integrated Online Auto Loan and Insurance Platform August 23,
Aug 23 2001 // Esurance Inc., a nationwide direct-to-consumer personal auto insurance provider and subsidiary of Folksamerica Holding Company Inc., along with San Francisco-based Patelco Credit Union, announced the launch of the first...
N.Y. to Require Speedier Processing of Injury Claims After Auto Accidents
Aug 13 2001 // The New York Insurance Department is taking a major step to help reduce insurance fraud by adopting a regulation requiring speedier processing of injury claims after an auto accident, according to the NAII. According to...
