Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
IS AUTO MARKET OVERREGULATED’
Aug 13 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
On a Collision Course with the Law
Aug 13 2001 // Investigators from the CDI Criminal Investigations Branch’s Fraud Division arrested Julian Tafolla, 20, of Riverside, on two felony counts of insurance fraud and one misdemeanor count of leaving the scene of an...
AIA Disagrees with NY Assembly’s Refusal to Extend Insurance Laws
Aug 9 2001 // The New York State Assembly’s decision to allow crucial sections of the state insurance law to expire is bad news for consumers, according to the American Insurance Association (AIA). These actions cancel the few...
Farmers Introduces New Parents Program in Utah
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
Travelers to Resume Writing New Commercial Auto and Umbrella Business in Ohio
Aug 2 2001 // Travelers Insurance announced it will re-enter the Ohio insurance marketplace for new commercial auto and umbrella business with the enactment of the “Uninsured/Underinsured Motorist Availability Act of...
IIAA Tells Congress Auto Insurance Over-Regulated in Certain States
Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
Conning & Co. Study Says Auto Insurers are Paying Closer Attention to Credit Scores
Aug 2 2001 // Auto insurers are looking at more than a consumer’s driving record when determining rates; they are also examining how drivers manage their finances, according to a recent Conning & Company study. Auto insurers...
Auto Insurer Must Return Profits
Jul 31 2001 // New Jersey auto insurer the Prudential Group was ordered last week to refund $25.1 million on 325,000 auto policies in the state because the company’s auto business received more profit than the law allows. The...
Yuba City Man Arrested on Charges of Insurance Fraud
Jul 30 2001 // Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Yuba City man on seven felony counts of insurance fraud, grand theft and attempted grand...
Three Modesto Residents Arrested for Staged Auto Insurance Fraud
Jul 25 2001 // Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested three Modesto residents on charges of insurance fraud. Johnny B. Slefo, 42, Wylet G. Slefo, 42...
Judge Decides in AIG’s Favor in Dispute over Auto Insurance Rates
Jul 25 2001 // An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey...
SAFECO Announces Changes to Create Long-term Earnings, 2Q Results Affected by Severe Weather
Jul 24 2001 // Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Yuba City man on seven felony counts of insurance fraud, grand theft and attempted grand...
Canadian Auto Losses Continue to Rise
Jul 19 2001 // Losses related to auto insurance continue to climb in the Atlantic region of Canada following a report released by The Insurance Bureau of Canada (IBC). According to Don Forgeron, regional vice-president of the IBC, costs...
Benfield Group, SG Create New Insurance Vehicle Devoted to Weather Derivatives
Jul 19 2001 // Benfield Group and SG, the corporate and investment banking arm of the Societe Generale group, announced the creation of a new insurance vehicle devoted to weather derivatives. The new company (created in Jersey) is called...
Kansas Auto Insurance Rates Among Lowest in U.S.
Jul 16 2001 // A recent report from the National Association of Insurance Commissioners (NAIC) notes that Kansas residents paid an average of $542.01 for auto coverage in 1999, the seventh lowest rate in the nation. The Kansas rate ranks...
CDI Hearings Explore Problems in Calif. Low-Cost Auto
Jul 16 2001 // Marking the first anniversary of implementation of California’s low-cost auto insurance program, the state’s Department of Insurance (CDI) held informal hearings on why the results of the program have been less...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
Oregon Legislature Wraps Up 2001 Session
Jul 13 2001 // Oregon’s legislature adjourned last weekend having once again considered a staggering number of bills during its biennial session, including dozens of insurance-related bills. Michael Harrold, Northwest regional...
D.C. City Council Considering Car Cell Phone Ban
Jul 12 2001 // Washington D.C.’s City Council is considering a ban on the use of handheld mobile phones in cars, which would affect an estimated 240,000 D.C. residents and another 300,000 commuters from Maryland and Virginia. The...
NAII Presents Insurers’ Views at Hearing on Improving Calif. Low Cost Auto Program
Jul 9 2001 // Efforts to reduce the number of uninsured drivers in California should not center on the price of automobile insurance. Instead, California insurance officials and lawmakers should allow insurers to provide the type of...
