Auto Insurers News

Conn. Approves J.C. Flowers Deal for Direct Response Corp.

Connecticut’s top insurance regulator has signed off on a deal that makes private equity firm J.C. Flowers & Co the largest investor in Meriden-based Direct Response Corp. DRC is the holding company for The Response Insurance Group, a national direct-to–consumer …

N.Y. Ranks Least Complained About Auto Insurers

American Modern Insurance Group, a specialty auto insurer with about $17.5 million in annual premium, topped the list of New York’s least complained about personal auto insurers for 2006, according to new rankings released by the state’s Insurance Department. The …

Montana Directs Auto Insurers to Avoid Steering

Montana State Auditor John Morrison is reminding property and casualty insurers doing business in the state that a new law recently went into effect to protect Montanans’ right to choose an auto body repair shop after an accident. The law …

Mass. Insurance Chief, AG Differ Over How to Regulate Auto Rates

Massachusetts Insurance Commissioner Nonnie Burnes and Attorney General Martha Coakley are at odds over how best to regulate the state’s new competitive auto rates. Coakley thinks some insurers are being stingy with their rate cuts and wants to dig deeply …

Progressive Buys Naming Rights to Cleveland Indians’ Ballpark

In March of 1937, Steve O’Neill was managing the Cleveland Indians, the team was at spring training in New Orleans and preparing for another season at League Park at Lexington and East 66th Street in Cleveland. At the same time, …

Montana Directs Auto Insurers to Follow Anti-Steering Law

Montana State Auditor John Morrison is reminding all licensed property and casualty insurers doing business in the state that a new law recently went into effect to protect Montanans’ right to choose an auto body repair shop after an accident. …

New York Ranks Least Complained About Auto Insurers

American Modern Insurance Group, a specialty auto insurer with about $17.5 million in annual premium, topped the list of New York’s least complained about personal auto insurers for 2006, according to new rankings released by the state’s Insurance Department. The …

Top Insurance Stories in 2007 in East

New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most …

Mass. Auto Insurers Under Pressure to Lower Rates

Massachusetts Attorney General Martha Coakley says the state’s new managed competition auto insurance system is not lowering average rates for 2008 below what they would have been under the old system where the state set all rates. Coakley has criticized …

Mass. Accepts 8 Auto Insurers’ Rates; Reviews of Others Continuing

The 2008 rates for eight auto insurers in Massachusetts have been cleared by state insurance officials, while those of at least 11 others remain subject to further review. Insurance Commissioner Nonnie Burnes has given the green light to rates with …