auto News

ABI, UK Government, BIBA Team up to Help Older People Find Insurance

A bulletin from the Association of British Insurers states that “older customers will find it easier to get motor [auto] and travel insurance under an agreement between the ABI, the Government and the British Insurance Brokers’ Association (BIBA).” The agreement, …

Fondiaria Battle Heats up as Funds Table Offer; AXA Interested

The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging it with peer Unipol. …

Mercury Insurance Launches Commercial Auto Product

Mercury Insurance has introduced a commercial auto product that offers agents a new point-of-sale system that makes it easy to rate, qualify and issue new business, as well as online service capabilities. The new product is being rolled out across …

Foremost Launches Updated Auto Program in Illinois

Foremost Insurance Group has introduced its enhanced auto program in Illinois, featuring more competitive rates, new discounts, increased coverage options and improved online processing. “The technological enhancements that come with this launch make the quoting and binding process even easier,” …

XL Adds Excess Auto Coverage to E&S Product Line

XL Group’s insurance segment has added excess auto coverage to its excess and surplus product offerings. The company has hired Michael Gramm to manage the new product line. He will join the company as vice president – excess auto and …

Allstate Offers Claim Satisfaction Guarantee

Allstate has decided to expand a claims guarantee to their auto insurance customers that will provide a credit to their auto policies if they are not satisfied with their auto claims service. The claim satisfaction guarantee was tested last year …

Insurers May Open ‘Black Box’ Telematics to Escape Gender Ban

Motor [auto] insurers seeking to get around a European ban on charging male drivers more than women are turning to innovative black box technology that could trigger an upheaval in the way car insurance is sold. Britain’s biggest motor insurer, …

Willis Re Spots Downward Trend UK Auto Claims; Premium Increases

UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …

ABI Endorses ‘Tougher Measures’ to Improve Young Drivers’ Safety

The Association of British Insurers has strongly endorsed “tougher measures to improve young driver safety,” which it explained is “crucial to delivering a better motor insurance deal to customers.” It described the urgent need to reduce young driver deaths and …

Appalachian Underwriters Launches Commercial Lines Rater for Auto Dealers

Appalachian Underwriters, Inc. (AUI) launches a new commercial lines online rater for independent auto dealers, www.xpressdealerpro.com. Xpress DealerPro is the latest installment of enhancements to be integrated into AUI’s Xpress rating platform. AUI’s B2B Xpress rating platform provides agents with …