Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
Two Okla. Auto Bills Fail to Pass
May 30 2001 // Two bills that would have increased the cost of auto insurance in Oklahoma died in the state House/Senate conference committees as the 2001 legislature adjourned on May 25. The National Association of Independent Insurers...
Fresno, Calif. Couple Charged with Insurance Fraud
May 29 2001 // California Department of Insurance (CDI) Fraud Investigators have arrested a Fresno resident on auto insurance fraud charges. Kyle Cory Bettencourt, 27, was arrested and booked into the Fresno County Jail on May 22, 2001....
Further Increases Seen in U.K. Auto Rates
May 25 2001 // According to a survey conducted by Datamonitor, a U.K-based consulting firm, automobile premiums in the U.K. and Ireland, which have already risen by around 20 percent in the last year, are set to increase further. The...
How Agents Won on the Web, Four Web Venture Profiles
May 14 2001 // A century ago, agents found customers where they gathered—at church, their place of business or the local watering hole downtown. This marketing strategy still works today—only now many agents are going through...
What the Heck Is XML’
May 14 2001 // A persistent problem in delivering the insurance product quickly and accurately to the consumer is that there is no uniform way for all the players behind the scenes to communicate. There are way too many human touches and...
CALIF. CITIES MAKE DUBIOUS TOP 10 IN AUTO-THEFT LIST
May 13 2001 // Fresno, Calif., Sacramento, Calif., and Stockton, Calif. made a rather unwanted list—the top 10 in a study and list naming the metropolitan areas with the most auto thefts in the nation for 2001—according to the San...
Insurance Auto Auctions Acquires Albuquerque Facility
May 11 2001 // Insurance Auto Auctions (IAA) Inc., providing insurance companies with turnkey solutions to process and sell total-loss and recovered-theft vehicles, acquired a greenfield facility in Albuquerque, N.M. The new facility...
