The Automobile Club of Southern California announced it would be implementing a $101 million rate reduction for insurance policyholders in California, an average decrease of 5.4 percent. As the fifth largest auto insurer in the state, the Auto Club insures …
Michigan’s insurance consumer advocate is charging that drivers are paying a high cost for years of state deregulation of insurance and record insurance company profits. Gov. Jennifer Granholm has threatened penalties for any insurance carriers that do not go along …
The insurance industry is not taking the recent attacks by Michigan Gov. Jennifer Granholm and the state consumer advocate lightly. Insurance trade groups have come out swinging against Granholm’s call for a freeze on auto insurance rates until lawmakers can …
A serial home arsonist, an elected judge who made phony auto injury claims, and dentists who did worthless root canals on children were among the nine swindlers elected to the Insurance Hall of Shame. The Coalition Against Insurance Fraud’s Hall …
An investigation by the New York Insurance Department has found that auto insurers in the state did not engage in a widespread effort to steer consumers to certain auto body shops – a violation of state law. However, in some …
The economic downturn is spurring anxious drivers to fraudulently dump unwanted vehicles for insurance money, according to research by the Coalition Against Insurance Fraud. Officials in nearly a dozen state and local jurisdictions around the U.S. report clear warning signs …
Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents 144 auto insurers …
Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents 144 auto insurers …
A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s largest insurance brokers and risk …
Progressive Corp., the No. 3 U.S. auto insurer, said it will not pay investors an annual dividend in 2008 because it is barred from doing so unless it meets financial targets. Progressive said because it expects to have a 2008 …
