Auto Insurers News

Fraud fight up against budget shortfalls

But Southeast states show some progress, with auto ‘give-ups’ among the targets Budget shortfalls have slowed the progress of fraud bills in many states around the U.S. while lawmakers feverishly work to find money to run their cash-strapped governments. Even …

Auto Insurers Seek to Attract Latinos

Majority of advertising appearing in Spanish language media Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a new report by Hispanic Market Weekly that analyzed marketing and media trends being used by the industry. Automobile insurers …

Oregon Collision Shops Give State Farm High Customer Service Marks

State Farm and smaller Northwest insurers are among the best at taking care of customers after an accident. Some larger insurers — Progressive, Allstate, Safeco and Farmers Insurance — are among the worst. That was the finding of a survey …

Oregon Collision Shops Give State Farm High Customer Service Marks

State Farm and several smaller Northwest-based auto insurers continue to be among the best at taking care of their customers after an accident. And some of the other larger, best-known insurers –including Progressive, Allstate, Safeco and Farmers Insurance — are …

Georgia Auto Insurance Legislation Leaves Regulator out of the Loop

Georgia Gov. Sonny Perdue signed a bill that will give automobile insurers the ability to establish rates without the consent of the state’s Insurance Commissioner. Perdue said he signed Senate Bill 276 because he believes the market should be allowed …

Mass. Cuts High Risk Exemption for New Auto Insurers to 2 Years

New carriers in the Massachusetts auto insurance market will be exempt from high risk assignments for their first two years under an amended rule approved by Massachusetts Insurance Commissioner Nonnie Burnes. The original rule had permitted a delay period of …

Maine Widower May Never Collect $500K Insurance Settlement

An 85-year-old Buxton, Maine man’s lawsuit against the motorist he blamed for his wife’s death has ended in a settlement totaling more than $500,000, but whether the widower ever collects the money remains to be seen. Still at issue is …

Established Mass. Auto Insurers Decry ‘Free Ride’ For Incoming Players

Existing carriers complain that plan to give 3-year high risk exemption to newcomers creates uneven playing field The Patrick administration is pushing a rule that exempts new auto insurers in Massachusetts from having to accept costly high risk drivers for …

N.J. Approves Jobs, Education as Driver Rating Criteria

New Jersey insurers using education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State insurance regulators. The …

Court Denies Allstate’s Request to Avoid Rate Decrease

A San Francisco judge has refused Allstate’s request to block a 15.9 percent automobile insurance rate decrease. Thus, the California Department of Insurance said the rate decrease should take effect immediately, and will result in approximately $250 million in savings …