Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
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...
San Jose Man Arrested for Alleged Internet Scam
Jul 5 2001 // A San Jose man was arrested on charges of alleged insurance fraud and attempted auto theft in connection with the attempted theft and false insurance claim on a $9,000 Yamaha racing motorcycle, following a joint...
Calif. Brokers Have New Service to Offer, Vehicle Registration for Progressive Customers Now Available Online
Jul 2 2001 // California drivers insured with Progressive can now renew their auto, motorcycle and motor home registrations online, the company announced. Progressive electronically transmits proof of insurance to the Department of...
Consumer Federation of America’s Study Comes Under Fire from AIA
Jul 2 2001 // Calling the Consumer Federation of America’s (CFA) study on state insurance regulation “poorly conceived” and “wrong headed,” the American Insurance Association (AIA) is urging CFA to retract...
NAII Points to Rate Regulation, Repair Costs as Major Factors in Average Auto Premium Results
Jun 29 2001 // According to the National Association of Independent Insurers (NAII), a state’s rating law plays a significant role in what people pay for auto insurance, Consumers in states with more regulation pay higher premiums...
Auto Experiment Impacted by Healthy Insurance Market, Household Priorities
Jun 29 2001 // According to the Insurance Information Network of California, when California unveiled an experimental, fixed-rate auto insurance policy for the poor last year, there was hope that it might encourage motorists who drive...
TurboCoverage, CVR Agree on Insurance Platform
Jun 28 2001 // TurboCoverage, a web-based auto insurance service for auto dealerships, has formed a partnership with Computerized Vehicle Registration (CVR), a provider of electronic vehicle registration, to market the TurboCoverage...
Agents Say Consumers Have More Attractive Auto Options
Jun 28 2001 // Agents and brokers will weigh in this week on California’s new low-cost auto insurance program at hearings held by the California Department of Insurance (CDI), reporting that they have been swamped by calls from...
