Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Dec 2 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including...
NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam
Dec 2 2024 // A New York City man has been charged with staging a car accident for insurance fraud purposes in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities...
GM, Ford Fall on Trump Tariffs Seen Adding $3,000 to Car Prices
Nov 27 2024 // Shares of US automakers tumbled on worries that a new round of tariffs imposed by President-elect Donald Trump will cause sticker prices to soar even further. Trump said that he would impose additional 10% levies on goods...
Safety Board Cites Oversight, Safety Failures in Bus-Truck Crash That Killed 6, Injured 9
Nov 26 2024 // Repeated disregard of safety regulations, along with ineffective federal and state enforcement and oversight, contributed to the collision between a bus and box truck in Louisville, New York in 2023, the National...
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’
Nov 25 2024 // Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. Underwriting...
New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches
Nov 25 2024 // Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New...
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why.
Nov 21 2024 // A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The...
Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Nov 18 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Nov 14 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives,...
NYC Man Charged With Insurance Fraud in Staged Car Crash Captured By Dashcam
Nov 12 2024 // A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities...
Mississippi Worker Killed When Hot Asphalt Falls from Dump Truck
Nov 6 2024 // JACKSON, Miss. (AP) — Police in Mississippi’s capital said a man died Monday when he was trying to repair a dump truck and asphalt poured onto him. Darrell Sheriff, 41, was underneath the truck working on a...
Vehicle Crashes Into Tree in Wisconsin, Killing 5
Nov 4 2024 // Five people died in a fiery vehicle crash in Wisconsin, authorities said Saturday. The Dane County Sheriff’s Office said in a statement that the vehicle crashed into a tree Friday night off a roadway just south of...
Changes to Washington Homeowners and Auto Premium Rule to Be Considered
Nov 4 2024 // Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of...
Legal System Abuse Hammers Truck Insurance
Nov 4 2024 // The U.S. trucking industry has been shaken to its foundations. A welter of external challenges catalyzed the failure of approximately 88,000 trucking firms in 2023. That is 10% of the nation’s trucking companies. The...
California Plans to Rev up Sales of Electric Motorcycles
Oct 31 2024 // At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have...
Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Oct 28 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
Report: California Auto Sales Leveling off, Tesla Sales Slip
Oct 28 2024 // New vehicle registrations in California seem to be leveling off, while consumer tastes for Telsas cooled slightly. California’s new light vehicle registrations fell by 1.7% from a year earlier, totaling 1,320,708...
Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
Oct 24 2024 // Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to...
Boston Subway Car That Derailed Was Going 36 mph in 10 mph Zone
Oct 21 2024 // A subway train that derailed near Boston earlier this month had entered a 10-mph zone traveling at 36 mph, according to an initial report from the National Transportation Safety Board released Wednesday. The Green Line...
No Sovereign Immunity for Virginia City or Truck Driver In-Between Garbage Pick-Ups
Oct 8 2024 // The Virginia Court of Appeals has ruled that a trial court erred in finding that a garbage truck driver and the city of Chesapeake were shielded by sovereign immunity for their role in an accident caused by the truck...
