Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Fireman’s Fund Shuts Down Direct Auto Program; To Lay Off More Than 250 Missouri Employees
Jan 31 2001 // Fireman’s Fund insurance laid off 68 people last week at its Earth City, Mo. office, and 197 more jobs will be phased out as the insurer eliminates a line of auto coverage according to a St. Louis Times-Dispatch...
New Law Requires Insurers to Provide Consumer Bill of Rights
Jan 30 2001 // A new law went into effect Jan. 1, 2001, requiring insurers to provide insureds with an Auto Body Repair Consumer Bill of Rights. All insurers that issue automobile liability or collision policies must distribute the...
Good, Bad Vibes from Industry Leaders
Jan 29 2001 // If you weren’t able to attend the recent Property/Casualty Joint Industry Forum in New York City, we can sum up CEO attitudes about the New Year in this way: The market is hardening, although not fast enough; losses...
Insurers Cite Data Limits on Vehicle Defects
Jan 26 2001 // Four insurance trade associations have said they cannot supply data to federal safety regulators that will indicate whether certain passenger vehicles pose a potential danger to consumers. In a joint statement filed last...
Esurance Extends Auto Insurance to Nebraska, Utah
Jan 24 2001 // Esurance Inc., a national quote-to-claims Internet-based provider of personal insurance, has expanded its auto insurance business to 26 states with the addition of Nebraska and Utah. Esurance now offers auto insurance...
TurboCoverage Launches Web-Based Auto Insurance Service For Auto Dealerships
Jan 22 2001 // TurboCoverage, a web-based auto insurance service exclusively for auto dealerships, has launched an insurance platform that enables uninsured car-buyers to instantly secure coverage in the dealer showroom and drive away...
AUTO RATES TO CLIMB
Jan 22 2001 // Claiming they are basing their rates on information more current than that used by the Texas Department of Insurance to set benchmark rates, several of Texas’ largest auto insurers are raising their rates. State Farm...
MetLife Offers Cash, Bonds to Teen Drivers
Jan 22 2001 // MetLife Auto & Home announced that it is introducing the company’s “Teens on the Road to Safety” program to insureds in the states of Alabama, Florida, Idaho, Illinois, Missouri, Oregon, and...
Auto Arson, Highway Safety Subject of New Mighigan Laws
Jan 19 2001 // Michigan Gov. John Engler recently signed several bills that would help crack down on auto arson, improve young driver training and prohibit passengers riding in open pickup truck beds on the highway. Of special note is...
KKR Unit to Buy Two Reliance Group Auto Insurance Units
Jan 15 2001 // Bristol West Insurance Group, a unit of Kohlberg Kravis Roberts & Co., plans to purchase two units of troubled insurer Reliance Group Holdings to beef up its non-standard auto insurance offerings. Bristol subsidiary...
Aggregators are Leading the Charge to Sell Auto Insurance on the Web
Jan 15 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, according to a Meridien Research report that focuses on the...
ONLINE AUTO PLAN NIXED
Jan 15 2001 // Priceline.com and insurer W.R. Berkley Corp. 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...
Aggregators Lead Charge to Sell Auto Insurance on the Web
Jan 8 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, according to a Meridien Research report that focuses on the...
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...
