Auto Insurers News

Industry Group Opposes Massachusetts Proposal to Set Auto Labor Rates

The National Association of Mutual Insurance Companies is opposing bills currently under consideration in Massachusetts that would require the state to set a minimum hourly labor rate that insurers must pay for auto repairs. In testimony submitted this week to …

GMAC Insurance Changes Name to National General Insurance

GMAC Insurance, a national specialty personal lines company and automobile insurer, is changing its name to National General Insurance, effective July 1. Michael Karfunkel, chairman and CEO of National General Insurance, said the name change is the culmination of three-plus …

PURE Introduces Auto Insurance Option to Massachusetts Drivers

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability …

Arbella Introduces Carpartment Insurance

The Arbella Insurance Group has launched Carpartment insurance, which offers discounts to renters insurance customers who insure their cars with Arbella. “Renter’s insurance is carried by only 31 percent of tenants nationwide, and many of the uninsured have no idea …

Texas Auto Insurers Back Texting While Driving Restrictions

Texas’ major auto insurers support proposed legislation to prohibit texting while driving as the next logical step to prevent accidents and deaths on Texas’ increasingly crowded roadways. Beaman Floyd, executive director of the Texas Coalition for Affordable Insurance Solutions (TCAIS), …

Progressive Releases Terms for Usage-Based Insurance Licensing Program

Progressive Insurance is making the intellectual property it owns available to companies interested in implementing usage-based insurance (UBI) programs under a new licensing program. Progressive said licensing may be available for UBI programs under the following terms: Term of Agreement: …

Consumer Watchdog Slams Calif. Prop. 33 Campaign over Libya Tragedy

The battle over an automobile insurance persistency initiative is heating up, with the latest volley over a radio advertisement targeting a military audience that opponents are calling on to be removed following the tragedy in Libya where Libyan Ambassador Christopher …

GEICO to Sell Commercial Auto Coverage Direct to Customers in N.Y.

Business owners in New York can now purchase commercial auto coverage directly from GEICO, which could lead to lower premium rates for many risks. Commercial insurance packages cover the cars, trucks and vans used by small businesses such as contractors, …

DriveFactor Expands Usage-Based Auto Insurance Programs

DriveFactor, previously known as Crimson Informatics, is offering new auto insurance programs that enable insurers to effectively rate driver performance based on safety and driving habits through mobile technology and informatics. As auto insurers expand new usage-based insurance (UBI) and …

Electronic Proof of Insurance Gaining Steam in Some States

It’s possible that driving with a cell phone may be an advantage. A California legislator’s bill to enable auto insurance policyholders to issue proof of coverage verification via a mobile electronic device, such as a smartphone, is among several similar …