Auto Insurers News

Mass. To Test Drive Competitive Rating for Auto Insurance for First Time in 30 Years

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, …

Farmers Insurance Group Acquires Bristol West Holdings

Los Angeles-based Farmers Insurance Group has completed its acquisition of non-standard auto insurer, Bristol West Holdings Inc., based in Davie, Fla. Farmers officials described the acquisition as a “great fit” that will enable the company with its overall business growth. …

Figures

27 The number arrested by Florida officials in an ongoing investigation dubbed “Operation TGIF” because the group perpetrated staged accidents on Fridays. The staged accident ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to …

It Figures

27 The number arrested by Florida officials in an ongoing investigation dubbed “Operation TGIF” because the group perpetrated staged accidents on Fridays. The staged accident ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to …

Fla. Governor Prepares to Call Special Session on Auto Insurance

Florida Gov. Charlie Crist said this week he was “pretty close” to calling a special legislative session to seek renewal of the state’s no-fault automobile insurance system, which is set to expire Oct. 1. Insurance companies have been pushing to …

Major Issues not ‘There for Insurance’ in Texas Legislative Session

With regard to insurance issues, the 2007 Texas legislative session was fairly uneventful, with one major bill favored by the industry going down in the waning days of the session and many “bad” bills failing to make the cut early …

News Currents

State Farm to lower rates if Fla. lets no-fault expire in October State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident system, state …

State Farm to lower rates if Fla. lets no-fault expire in October

State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident system, state insurance regulators ruled recently. The Office of Insurance Regulation granted State Farm’s …

Staged Accidents Arrests Net 27 in Miami

Florida officials arrested 27 people in an ongoing investigation dubbed “Operation TGIF” because of staged accidents the group perpetrated on Fridays. The ‘staged accident’ ring billed auto insurers more than $300,000 in fraudulent Personal Injury Protection claims, according to the …

NetRate Systems, Inc. Announces Availability of Massachusetts Commercial Auto Rating System

Okemos, MI – NetRate Systems, a leading provider of commercial lines rating software for the insurance industry, announces the immediate availability of Massachusetts Commercial Automobile Rating. The Mass Auto Rating System includes Business Auto, Garage, and Truckers, all based on …