Auto Insurers News

Consumer Group Says FTC Proves Credit Scoring Costs Minorities

A national consumer group stepped up its criticism of a recent government report on the use of credit scoring by auto insurers, claiming that the Federal Trade Commission report confirms that African American and Hispanic drivers pay more for auto …

Business Moves

Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not disclosed. InsuranceNoodle offers Willis a proprietary Web-based technology platform for online application …

Business Moves

Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not disclosed. InsuranceNoodle offers Willis a proprietary Web-based technology platform for online application …

Business Moves

Edgewood Partners, Calco Insurance Edgewood Partners Insurance Center, a California retail property and casualty and benefits insurance brokerage firm announced an agreement in principle has been reached with Calco Holdings Inc. to acquire Calco Insurance Brokers and Agents Inc. to …

Driver’s seat

The last time — January 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before being abandoned due to political pressures when rates rose, …

Editor’s Note: Driver’s seat

The last time — January 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before being abandoned due to political pressures when rates rose, …

FTC Finds Use of Credit Helps Consumers, Insurer Group Says

The Federal Trade Commission’s (FTC) study of automobile insurers’ use of credit has reaffirmed the strong connection between credit information and the risk of loss and has determined that its use helps to increase the availability and affordability of insurance …

Insurers Say Mich. Motorists Should Have Choice in Medical Coverage

The insurance industry in Michigan released a study on Tuesday, July 17th that predicts motorists could save up to 16 percent on their auto premium if they were allowed to select capped health benefits for accident injuries. Michigan is the …

Insurance Companies Drop Hawaii Auto Premiums

Hawaii auto insurance companies are dropping their Hawaii rates as local traffic accidents and claims fall. Insurance Commissioner J.P. Schmidt said the state has approved rate reductions for four major carriers in Hawaii during the past several months. “Insurance companies …

Fla. CFO Paints Scenario of Post No-Fault Auto Insurance

After several weeks of analysis, Chief Financial Officer Alex Sink sent Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders a letter outlining potential implications of the Oct. 1 sunset of Florida’s Motor Vehicle …