Progressive Corp., one of the largest U.S. auto insurers, Wednesday said first-quarter profit fell 34 percent, as premiums declined. Net income for the Mayfield Village, Ohio-based company dropped to $239.4 million, or 35 cents per share, from $363.5 million, or …
A state Web site intended to educate consumers about Massachusetts’ newly deregulated auto insurance market instead gives them inaccurate rate comparisons, Attorney General Martha Coakley said Tuesday on the day the new competitive system took effect. Coakley, who plays an …
A Connecticut bill that restricts auto insurers from directing clients to certain car repair shops – legislation opposed by insurers and agents alike – is headed for a floor vote in the state’s General Assembly. The bill, part of a …
Less than a week before historic auto insurance reform takes effect in Massachusetts, one of the insurers is urging Bay State auto insurance policyholders to use caution when using consumer web sites, saying many sites provide insufficient information to motorists …
The new managed care auto insurance system that is underway in Massachusetts should benefit most consumers as well as the state’s local insurers in the short run, according to a new report by Fitch Ratings. However, in the long run, …
North Carolina auto insurers don’t know what, if any, rate increase they will be permitted but they know that it will not be as much as the 13 percent average increase they requested. The North Carolina Department of Insurance has …
There is a job change coming for an executive whom investors say could become the next Warren Buffett. David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire Hathaway Inc, announced Tuesday that …
Farmers, Zurich Small Business Truck Insurance Exchange, a unit of Farmers Insurance Group, reports it will purchase the rights to access renewals on Zurich North America Commercial’s Small Business Solutions (SBS) $800 million book of business. In addition, the management …
The repeal of Colorado’s no-fault automobile insurance law in 2004 has helped to reduce claims costs in the state, according to a recently released study by the Insurance Research Council. In 2004, the first year after Colorado repealed its no-fault …
California Insurance Commissioner Steve Poizner announced a 15.9 percent decrease in auto insurance rates for customers of Allstate Insurance Co. and Allstate Indemnity Co. This $244 million reduction culminates months of negotiations and an administrative hearing, which began with Allstate …
