Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Thomas Van Berkel Named National Grange CEO
Jun 21 2001 // The Board of Directors of New Hampshire-based National Grange Mutual Insurance Co. announced the election of “Thomas M. Van Berkel as president Chief Operating Officer and Chief Executive Officer-elect.” Van...
Allstate To Sell German, Italian Auto to Direct Line
Jun 21 2001 // Allstate announced yesterday that it would sell its direct auto insurance businesses in Germany and Italy to the U.K.’s Direct Line. The German operation, launched in 1997 has around 117,000 policies in force. The...
GuideOne Insurance Sells Tulsa Operations to Home State
Jun 18 2001 // GuideOne Insurance announce that the company signed a definitive agreement, effective Aug. 1, 2001, to sell GuideOne Casualty Insurance Company, the organization’s Tulsa, Okla., operation, to the Home State Insurance...
Liberty Mutual May Take the Highway
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
Lincoln General Speeds into Calif. Nonstandard Auto Market
Jun 18 2001 // A new insurer is taking on the nonstandard auto market in California. Lincoln General Insurance Co., a subsidiary of Kingsway Financial Services Inc., is now licensed to start selling nonstandard auto insurance in the...
Insurance Fraud Nets Arrest
Jun 15 2001 // A Riverside, Calif., man was arrested and booked into Riverside County Jail on a pair of felony counts of insurance fraud and one misdemeanor count of leaving the scene of an accident. Investigators from the California...
State Farm Indemnity Pulls Out of N.J. Auto Market, Gets A.M. Best Downgrade
Jun 14 2001 // State Farm Indemnity announced on June 12 that it intends to stop writing automobile business in New Jersey. The announcement was immediately followed by A.M. Best Co. downgrading the financial strength rating of the...
NY Bill Would Overturn Law Protecting Car Renters
Jun 13 2001 // A 1988 New York law making auto rental car companies responsible for the principal costs of damaged cars would be overturned by Assembly Bill 7742, which is being considered by an Assembly committee. “In view of the...
State Farm Indemnity To Exit NJ Auto Market
Jun 13 2001 // State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three...
Auto Accident Fraud Nets Arrests
Jun 13 2001 // Seven felony arrests in the Los Angeles and Riverside County areas were the result of an eight-month joint investigation conducted by investigators from the California Department of Insurance (CDI) Criminal Investigations...
Connecticut Legislature Adjourns, Avoids ‘Onerous’ Bills
Jun 12 2001 // Several bills that would have increased insurance costs died as the Connecticut State Legislature adjourned its 2001 regular session, according to the American Insurance Association. “A number of bills that would...
New York Arrests Result from No-Fault Fraud
Jun 12 2001 // Three New York individuals were recently arrested for their alleged involvement in a no-fault insurance fraud scheme. Igor Perlov, a security guard; Inna Perlova, his wife; and Lidiya Shvarts, their neighbor; both who...
Swiss Re Reports On Ontario Auto Insurance
Jun 11 2001 // A report from Swiss Re Canada’s assistant vice-president Glenn McGillivray highlights an increase of 8 points in loss ratios in the automobile insurance market in the Province of Ontario. The rise in the loss ratio...
Scrapping N.Y.’s Flex-Rating System Would Worsen Auto Market
Jun 7 2001 // According to the National Association of Independent Insurers (NAII), a bill to scrap New York’s flexible rating system for insurance rates in favor of a prior approval system would only exacerbate problems in the...
Auto Insurance Companies to Face Multi-Million-Dollar Lawsuit
Jun 7 2001 // A multi-million-dollar class-action lawsuit has been authorized by the board of directors of the National Auto Agents Alliance (NAAA) Board against several insurers. The lawsuit questions the legality of insurers reducing...
Progressive Survey Reveals Americans Careless about Vehicle Security
Jun 6 2001 // According to a survey released today by Progressive Insurance, in the U.S., more than one million vehicles were stolen in 2000; that’s 2,740 a day, 114 an hour and more than one vehicle stolen every minute. Yet, when...
State Auto Mutual, Meridian Mutual Complete Deal
Jun 4 2001 // The merger of State Auto Mutual Insurance Company and Meridian Mutual Insurance Company, along with State Auto’s Mutual purchase of Meridian Insurance Group Inc., was finalized June 1. With the deal, State Auto...
Highlights of Actions by the Texas Legislature Affecting Texas Insurance
Jun 4 2001 // Following is an overview of the 77th Texas Legislature offered by Bo Gilbert, CPCU, IIAT Director of Governmental Affairs. For a complete analysis of these bills as well as other bills that passed this legislative session,...
State Auto Financial Announces Profitable Year at
May 31 2001 // State Auto Financial Corporation’s tenth annual meeting featured a recap of 2000, the sixth straight year the company has achieved an underwriting profit. State Auto Chairman Robert H. Moone stated that while the...
Esurance to Provide Quoting, Binding of Auto Policies on Ebix.com
May 31 2001 // Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance, announced an agreement with the insurance portal ebix.com Inc. Under the terms of the agreement, Esurance will provide instant...
