Auto Insurers News

It Figures

225 The weight of a 61-year-old Bloomfield Hills, Mich., man who is suing his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. The employer says Patrick J. Ronayne was let go because of …

Michigan Auto Insurance Fee for Serious Injuries to Rise

Michigan motorists will pay $20.31 more this year to a fund helping support seriously injured accident victims. The Michigan Catastrophic Claims Association this week raised the annual assessment to $124.89 per vehicle. The assessment is passed on from insurance companies …

Allstate Tests Brain Fitness Exercise Software and Driver Safety in Pennsylvania

Posit Science, a brain fitness company, announced today that it has extended its relationship with auto insurer Allstate. The companies began working together six months ago in a program to determine whether brain fitness exercise software could be deployed to …

Business Moves

State Farm Fire and Casualty Co. Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeowners insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, …

Geico to Sell Auto Insurance in Massachusetts

Geico is entering the auto insurance market in Massachusetts. State Insurance Commissioner Nonnie Burnes confirmed in a statement Friday that the nation’s third-largest auto insurer has filed to begin selling premiums in May. Geico would become the second major national …

Progressive CEO Receives $8.4M Compensation, Refuses Bonus

The chief executive of Ohio-based auto insurer Progressive Corp. received 8.8 percent less compensation in 2008 mainly because he declined to accept a performance-related bonus, as investment losses led to the company’s first annual loss in 26 years. Glenn Renwick, …

Fitch Lowers Berkshire Hathaway’s ‘AAA’ Rating to ‘AA+’

Warren Buffett’s Berkshire Hathaway was stripped of its ‘AAA’ credit rating by Fitch Ratings, barely hours after S&P cut General Electric Co’s top-tier rating, as the global financial crisis pummels America’s corporate titans. Citing concerns about Berkshire’s equity and derivatives …

UK’s Admiral Auto Insurance to Open Virginia Operations Center

The American subsidiary of a United Kingdom-based auto insurer says it’s going to open an operations center and bring 40 to 50 jobs to the Richmond area. Admiral Americas and the Greater Richmond Partnership announced the news. They said the …

Don’t Emulate How the Big Auto Insurers Sell

Market Auto Discounts Differently It’s pretty safe to say that money isn’t everything. Your health, happiness and, of course, golf are all more important. A lot more important, right? Well, maybe not if you glance at the pile of auto …

12 Michigan Auto Insurers Pledge Rate Freeze

Michigan Gov. Jennifer Granholm’s call for auto insurance companies to freeze their rates has won over 12 companies thus far, although most of the state’s largest insurer have not consented to the freeze. In a Feb. 3 order, Granholm asked …