Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
RUSHMORE TO PURCHASE DALLAS AGENCY
Jan 8 2001 // Rushmore Financial Group Inc. announced its planned acquisition of a group of financial services companies located in Dallas. The companies have signed a letter of intent providing for RFGI to acquire Northstar Financial...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Vesta Insurance Financial Overhaul Includes Acquisitions, Company Stock for Agents
Jan 5 2001 // Vesta Insurance Group Inc. is planning four separate transactions, the centerpiece of which is two acquisitions that will enable Vesta to offer a wider range of personal lines insurance products. Vesta also intends to...
Reminder from the CDI: Rental Car Companies Must License Their Agents
Jan 4 2001 // Monday, Jan. 1, 2001, was the deadline for rental car companies that offer or sell insurance to be licensed by the California Department of Insurance as an insurance agent, broker or as a rental car agent. The CDI has a...
Aggregators Lead Charge to Sell Auto Insurance on the Web
Jan 3 2001 // Aggregators in the United States and Europe are leading the charge to sell auto and other insurance over the Internet, but only a few of these sites will survive, says a report released by Meridien Research that focuses on...
Priceline, W.R. Berkley End Online Auto Insurance Plan
Jan 3 2001 // Priceline.com and insurer W.R. Berkley Corp. have dropped their combined plan to create a new company to sell auto insurance online, naming current market conditions as the reason. The new company was in early development...
Mass. Commissioner Approves 8.3 Percent Auto Rate Cut
Dec 19 2000 // Massachusetts Insurance Commissioner Linda Ruthardt sided with consumer advocates and called for a 8.3 percent overall decrease in personal auto rates for 2001. Following the decision, representatives from the auto...
MetLife Auto Home Enhances Agent Contracts
Dec 18 2000 // MetLife Auto & Home has made several enhancements to its Independent Agency Agreement. The contract changes will be introduced in 2001. The revisions provide for the company to defend, indemnify, and hold the agent...
New Jersey Insurer Issues Dividends to Auto Policy Holders
Dec 7 2000 // New Jersey Manufacturers Insurance is mailing special dividend checks to auto policy holders in New Jersey, Pennsylvania and New York totaling about $54.6 million. The 324,984 policy holders affected will receive an...
I.I.I. Report: Auto Insurance Rates Expected To Rise This Year
Dec 5 2000 // Automobile insurance rates are expected to rise by 1.5 percent this year, the first increase in three years. Additional increases of 2 percent to 4 percent are likely in 2001. Among the factors driving rates upward are...
New York DOI Releases Ranking of Against Auto Insurers
Dec 5 2000 // New York Superintendent of Insurance Neil D. Levin has released the department’s annual ranking of consumer complaints against New York State’s private passenger automobile insurance companies and announced...
New Mexican Auto Insurance Websites to Help U.S. Consumers, Agents
Nov 29 2000 // A new website will give tourists a chance to purchase Mexican automobile insurance before they venture south of the border. In addition, agents can order policies for their customers through a website designed for...
State Farm Introduces Vehicle Safety Discount
Nov 29 2000 // State Farm Mutual Automobile Insurance Company is implementing a new auto insurance discount. Using its actual claim payments for driver and passenger injuries by make and model of vehicle, the company is awarding...
New York Auto Theft Ring Shut Down; 17 Indicted
Nov 27 2000 // New York Superintendent of Insurance Neil D. Levin announced the indictment of 17 individuals in connection with the operation of a multimillion-dollar auto theft, dismantling and stolen parts ring operating in Queens and...
NEW PAGE FOR RENTAL CARS
Nov 27 2000 // Effective Jan. 1, 2001, rental car companies that offer or sell insurance must be licensed by the California Department of Insurance (CDI) as an insurance agent, broker or as a rental car agent. The CDI has added a...
Massachusetts AG Urges Auto Rate Cuts
Nov 22 2000 // Massachusetts Attorney General Thomas Reilly joined the State Rating Bureau yesterday in urging state insurance regulators to cut personal auto insurance rates. The AG’s office called for a 10 percent decrease. The...
Missouri Uninsured Driver Rate Down 18 Percent in 1999
Nov 22 2000 // Missouri’s projected rate of uninsured passenger vehicles dropped by 18 percent—or 63,000 autos—during 1999, reaching the lowest levels since the state enacted its current mandatory insurance law in 1987,...
New Rental Car Insurance Licensing Info Added to CDI’s Website
Nov 21 2000 // Effective Jan. 1, 2001, rental car companies that offer or sell insurance must be licensed by the California Department of Insurance (CDI) as an insurance agent, broker or as a rental car agent. The CDI has added a...
Feds Stop ‘Bumper Car’ Fraud Scheme
Nov 20 2000 // Federal authorities charged 53 people last week in a $1 million insurance fraud scheme in New York. The FBI arrested 29 suspects, including the managers of a physical therapy clinic. The rest were being sought, except for...
Artisan Contractor
Nov 20 2000 // Class Strong Despite construction Defect Litigation, Hardening Market and Slowing economy The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business...
