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Insurance News - N.C. Insurance Department reaches settlement with S.C. companies (WNCT Greenville)


N.C. Insurance Department reaches settlement with S.C. companies (WNCT Greenville)
(AP) - The North Carolina Department of Insurance has reached settlements with three South Carolina companies after investigators looked into allegations that they had charged consumers without their knowledge.

S.C. insurance companies hit with record penalty (The News & Observer)
They were ordered to pay a joint penalty of $375,000, which Insurance Department officials said was the largest ever assessed in the Agent Services Division.

Low-cost auto insurance program moves into Monterey (BizJournals)
Monterey is among six more counties where drivers now have access to California's low-cost automobile insurance program.

Posted by Administrator at 08:45 AM |

Insurance News - Former New Iberia agent facess forgery, insurance fraud charges (The


Former New Iberia agent facess forgery, insurance fraud charges (The Daily Iberian)
A former New Iberia insurance agent has been arrested on charges of insurance fraud and forgery. The Louisiana State Police Insurance Fraud and Auto Theft Unit arrested David Sampy, 43, of Sugarhill Drive, Wednesday.

Auto insurance in state probed (Worcester Telegram & Gazette)
Gov. Deval L. Patrick's task force on automobile insurance identified four major points of concern, but officials yesterday said the administration hasn't crafted any legislation that will significantly alter how cars are insured in Massachusetts.

4 arraigned on auto insurance fraud charges (Detroit Free Press)
Four Oakland County residents accused of running a metro Detroit auto insurance fraud ring that netted millions were arraigned Tuesday in Southfield.

Posted by Administrator at 08:50 AM |

Insurance News - 4 arraigned on auto insurance fraud charges (Detroit Free Press)


4 arraigned on auto insurance fraud charges (Detroit Free Press)
Four Oakland County residents accused of running a metro Detroit auto insurance fraud ring that netted millions were arraigned Tuesday in Southfield.

Posted by Administrator at 01:10 PM |

Insurance News - Auto insurance study group urges more rate competition (WPRI 12


Auto insurance study group urges more rate competition (WPRI 12 Providence)
BOSTON A panel appointed by Governor Patrick to study auto insurance in the state recommends curbing regulation and moving toward competitive, market-based rates.

Posted by Administrator at 04:25 PM |

Insurance News - 4 arraigned on auto insurance fraud charges (Detroit Free Press)


4 arraigned on auto insurance fraud charges (Detroit Free Press)
Four Oakland County residents accused of running a metro Detroit auto insurance fraud ring that netted millions were arraigned Tuesday in Southfield.

AAA: Most costs of auto ownership rise this year (USA Today)
Even if gasoline prices drop modestly, motorists will still face higher driving costs this year because of rising insurance, licensing and finance charges, AAA finds in a report being released Monday.

Posted by Administrator at 08:30 PM |

Insurance News - Farmers Insurance Claims Team Assists Victims of New Mexico Storms


Farmers Insurance Claims Team Assists Victims of New Mexico Storms (Business Wire via Yahoo! Finance)
CLOVIS, N.M.----The Farmers Insurance Group of Companies' agents and claims personnel are assisting Farmers' customers with claims from the tornado and hail storms that struck in the Eastern Clovis and surrounding areas Friday, March 23, 2007.

Posted by Administrator at 09:25 PM |

Insurance News - Auto Insurer Lowers Rates (WFMJ Youngstown) There is good news


Auto Insurer Lowers Rates (WFMJ Youngstown)
There is good news for some drivers who use Ohio's largest auto insurance company. State Farm is dropping rates by about 8-POINT-8 percent. Ohio policyholders will receive rebate checks averaging 36-dollars.

Bill Would Require Auto Insurance Medical Coverage (CBS4 Denver)
The price to insure a car in Colorado could be going up. A state lawmaker proposed a bill that would require drivers to pay for medical coverage as part of their auto insurance policy.

Posted by Administrator at 11:25 PM |

Insurance News - Idaho governor vetoes auto insurance measure (The Times-News) BOISE, Idaho


Idaho governor vetoes auto insurance measure (The Times-News)
BOISE, Idaho - Gov. C.L. "Butch" Otter has vetoed his fourth bill of 2007, this time killing a measure to force insurance companies to offer motorists policies that protect them against underinsured drivers in the event of an accident.

Insurance Auto Auctions, Inc. Announces Tender Offer and Consent Solicitation for Its 11% Senior Notes Due 2013 (The Auto Channel)
WESTCHESTER, Ill.--Insurance Auto Auctions, Inc. (the Company ) announced today that it is offering (the Offer ) to purchase for cash any and all of its outstanding $150,000,000 aggregate principal amount of 11% Senior Notes due 2013 (the Notes ), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated March 22, 2007 and ...

Posted by Administrator at 02:15 AM |

Insurance News - BUSINESS BRIEFS: State Farm lowers auto insurance (Bradenton Herald) State


BUSINESS BRIEFS: State Farm lowers auto insurance (Bradenton Herald)
State Farm lowers auto insurance State Farm Mutual Automobile Insurance Co. is lowering its overall rate level in Florida an average of 5.4 percent, the company announced.

Posted by Administrator at 03:30 AM |

Insurance News - High number of accidents driving up valley auto insurance rates


High number of accidents driving up valley auto insurance rates (KVBC Las Vegas)
Numerous accidents around town have many insurance companies raising rates for valley drivers. In recent months, rate hikes have gone into effect for three popular insurance companies.

Posted by Administrator at 06:05 AM |

Insurance News - Bill Would Require Auto Insurance Medical Coverage (CBS4 Denver) The


Bill Would Require Auto Insurance Medical Coverage (CBS4 Denver)
The price to insure a car in Colorado could be going up. A state lawmaker proposed a bill that would require drivers to pay for medical coverage as part of their auto insurance policy.

Insurance Auto Auctions, Inc. Announces Tender Offer and Consent Solicitation for Its 11% Senior Notes Due 2013 (Business Wire via Yahoo! Finance)
WESTCHESTER, Ill.----Insurance Auto Auctions, Inc. announced today that it is offering to purchase for cash any and all of its outstanding $150,000,000 aggregate principal amount of 11% Senior Notes due 2013 , on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated March 22, 2007 and the accompanying Consent and Letter of Transmittal ...

Posted by Administrator at 10:40 AM |

Insurance News - Lawmakers say proposed change in auto insurance necessary (Greeley Tribune)


Lawmakers say proposed change in auto insurance necessary (Greeley Tribune)
Lawmakers are considering a change to Colorado's auto insurance system that critics say could cost consumers money but proponents are hailing as necessary aid to medical providers.

Car insurance would rise under Ark. bill (WMCTV Memphis)
LITTLE ROCK Arkansas car owners could see a 12 dollar increase on their auto insurance under a bill amended today that would create a statewide trauma network. The bill...

A.M. Best Affirms Ratings of State Auto Insurance Companies and State Auto Financial Corporation (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and the issuer credit ratings of "aa-" of State Auto Insurance Companies and its members. A.M. Best has also affirmed the ICR of "a-" and debt rating of "a-" on the $100 million 6.25% senior unsecured notes issued by State Auto Financial Corporation .

Posted by Administrator at 03:05 PM |

Insurance News - AAAHawaii members can get into auto show for free (Honolulu


AAAHawaii members can get into auto show for free (Honolulu Advertiser)
In conjunction with the upcoming First Hawaiian International Auto Show, AAA Hawaii is offering prospective car and truck buyers a chance to learn about current AAA promotions during its Member Appreciation Day from noon to 10:30 p.m. on Friday at its booth.

Posted by Administrator at 05:00 PM |

Insurance News - Arizona Auto Insurance Rates Drop (About.com) This time, instead of


Arizona Auto Insurance Rates Drop (About.com)
This time, instead of teasing you, I'll tell you right up front. Arizona didn't even make the top ten most expensive states for auto insurance in 2006, even though we...

AXA to Buy Korean Direct Auto Insurer (Insurance Journal)
France's Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did no

Posted by Administrator at 06:20 PM |

Insurance News - Legislature considers changing No Fault Auto Insurance rules (WZZM 13


Legislature considers changing No Fault Auto Insurance rules (WZZM 13 Grand Rapids)
A bill that could change the way Michigan's no fault auto insurance works has passed the Michigan House of Representatives. The proposed change would allow more people to sue for lost wages or pain and suffering.

Your car insurance rate can go down, if you shop (Akron Beacon Journal)
The typical American driver will pay less for auto insurance this year than in 2006, according to the Insurance Information Institute. This is the first decrease in insurance premiums since 1999.

Posted by Administrator at 07:45 PM |

Insurance News - House Passes Bill on Auto Insurance Lawsuits (6 News Lansing)


House Passes Bill on Auto Insurance Lawsuits (6 News Lansing)
Would make it easier to sue for more damages. Many worried insurance rates would rise.

House Passes Auto Insurance Bill (ClickOnDetroit)
A divided state House voted to pass a bill that would change who is able to sue and collect damages under Michigan's automobile insurance laws.

Gainsco Offering Auto Insurance in New Mexico (Insurance Journal)
Dallas-based GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of

Posted by Administrator at 08:00 PM |

Insurance News - House Passes Bill on Auto Insurance Lawsuits (6 News Lansing)


House Passes Bill on Auto Insurance Lawsuits (6 News Lansing)
Would make it easier to sue for more damages. Many worried insurance rates would rise.

Posted by Administrator at 12:25 AM |

Insurance News - Insurance rate dips for state's motorists (Detroit Free Press) LANSING


Insurance rate dips for state's motorists (Detroit Free Press)
LANSING -- Michigan motorists got some good news Wednesday: It'll cost them $14.18 less for annual insurance premiums starting July 1. The Michigan Catastrophic Claims Association (MCCA) reduced its surcharge, which is included in all Michigan no-fault auto insurance policies. The new assessment will be $123.15 per vehicle.

AXA Announces The Acquisition of Kyobo Auto Insurance (PR Newswire via Yahoo! Finance)
AXA announced today it has reached an agreement with Kyobo Life to acquire its 75% stake in Kyobo Auto.

Posted by Administrator at 12:25 AM |

Insurance News - Insurance rate dips for state's motorists (Detroit Free Press) LANSING


Insurance rate dips for state's motorists (Detroit Free Press)
LANSING -- Michigan motorists got some good news Wednesday: It'll cost them $14.18 less for annual insurance premiums starting July 1. The Michigan Catastrophic Claims Association (MCCA) reduced its surcharge, which is included in all Michigan no-fault auto insurance policies. The new assessment will be $123.15 per vehicle.

House passes bill related to damages in auto accidents (WOOD TV 8 Grand Rapids)
LANSING, Mich. -- A divided state House passed a bill Wednesday that would change who is able to sue and collect damages under Michigan's automobile insurance laws.

Witness says blood found under car of insurance murders defendant (The Fresno Bee)
Crime investigators testified Wednesday that a victim's blood was found in the undercarriage of a car owned by one of two elderly women accused of murdering two transients to collect insurance policies taken out on their lives.

Posted by Administrator at 03:35 AM |

Insurance News - State fund assesses auto policies (BizJournals) FLORIDA -- All Florida


State fund assesses auto policies (BizJournals)
FLORIDA -- All Florida automobile owners are being charged an additional assessment for auto insurance beginning this year to compensate for property insurance debt.

Posted by Administrator at 04:45 AM |

Insurance News - Car owners to bail out state insurance fund (BizJournals) All


Car owners to bail out state insurance fund (BizJournals)
All Florida car owners will be charged an additional assessment for auto insurance beginning this year to pay off property insurance debt.

Posted by Administrator at 09:30 AM |

Insurance News - Take Away The Risk: Experts Offer Tips On Insurance Needs


Take Away The Risk: Experts Offer Tips On Insurance Needs For Northwest Arkansas (The Morning News)
The horror stories abound: Despite paying premiums for years, a family's insurance coverage does not pay enough to replace the home after it burns. A bad wreck lands a driver in the hospital, but the other driver, who is at fault, has no insurance -- or personal wealth -- to pay these costs.

With PIP set to expire, lawmakers steer toward auto insurance reform (Naples Daily News)
State lawmakers haven t taken off the gloves when it comes to insurance reform in Florida and could tackle auto insurance requirements next. Several bills have been filed for the current legislative session that aim to revamp what Florida drivers must carry in terms of auto insurance and how medical bills would be paid from an auto accident.

With PIP set to expire, lawmakers steer toward auto insurance reform (Bonita Daily News)
State lawmakers haven t taken off the gloves when it comes to insurance reform in Florida and could tackle auto insurance requirements next.

Posted by Administrator at 01:00 PM |

Insurance News - Take Away The Risk: Experts Offer Tips On Insurance Needs


Take Away The Risk: Experts Offer Tips On Insurance Needs For Northwest Arkansas (The Morning News)
The horror stories abound: Despite paying premiums for years, a family's insurance coverage does not pay enough to replace the home after it burns. A bad wreck lands a driver in the hospital, but the other driver, who is at fault, has no insurance -- or personal wealth -- to pay these costs.

KidsFutures Announces Partnership with TD Insurance Home and Auto (Market Wire via Yahoo! Finance)
KidsFutures Inc. today announced that it has entered into an agreement with TD Insurance Home and Auto that will provide its members with access to home and auto insurance products and services as well as opportunities to earn rewards through a joint marketing program to be undertaken by the Company and TD Insurance.

Posted by Administrator at 03:34 PM |

Insurance News - Next round of insurance reforms by Legislature could deal with


Next round of insurance reforms by Legislature could deal with auto policies (Bonita Daily News)
State lawmakers haven t taken off the gloves when it comes to insurance reform in Florida and could tackle auto insurance requirements next.

Posted by Administrator at 07:10 PM |

Insurance News - EMC Insurance Group Inc. Reports a Change in the Mutual


EMC Insurance Group Inc. Reports a Change in the Mutual Reinsurance Bureau Pool (Business Wire via Yahoo! Finance)
DES MOINES, Iowa----EMC Insurance Group Inc. reported that earlier today, management of the Mutual Reinsurance Bureau pool announced that Auto-Owners Insurance Company will terminate its participation in the Mutual Reinsurance Bureau pool effective January 1, 2008.

Posted by Administrator at 09:55 PM |

Insurance News - N.D. Flex Rating Proposal for Auto, Homeowners Advances (Insurance Journal)


N.D. Flex Rating Proposal for Auto, Homeowners Advances (Insurance Journal)
The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance

EMC Insurance Group Inc. Reports a Change in the Mutual Reinsurance Bureau Pool (Business Wire via Yahoo! Finance)
DES MOINES, Iowa----EMC Insurance Group Inc. reported that earlier today, management of the Mutual Reinsurance Bureau pool announced that Auto-Owners Insurance Company will terminate its participation in the Mutual Reinsurance Bureau pool effective January 1, 2008.

Farmers Insurance's University Receives Five Awards from Corporate University Xchange (Business Wire via Yahoo! Finance)
LOS ANGELES----The 'University of Farmers,' founded by Farmers Insurance Group of Companies, has received five top learning and development awards from the Corporate University Xchange , the leading provider of corporate education research, benchmarking and advisory services for helping organizations transform corporate learning.

Posted by Administrator at 11:05 PM |

Insurance News - Progressive and LoJack Offering Discount on Comprehensive Insurance and Stolen


Progressive and LoJack Offering Discount on Comprehensive Insurance and Stolen Vehicle Recovery System, Respectively (The Auto Channel)
MAYFIELD VILLAGE, Ohio--As a leading writer of commercial auto insurance, The Progressive Group of Insurance Companies continues to see the theft rate for vehicles it insures in Florida increase year after year.

Posted by Administrator at 12:05 AM |

Insurance News - Namic Testifies Before Florida Office Of Insurance Regulation; Defends Use


Namic Testifies Before Florida Office Of Insurance Regulation; Defends Use Of Education And Occupation In Underwriting (PropertyandCasualty.com)
The National Association of Mutual Insurance Companies (NAMIC) disputed claims made by the Florida Office of Insurance Regulation (OIR) that auto insurance companies use education and occupation underwriting criteria to charge higher premiums to their minority and low-income customers

Sponsored Links (International Brotherhood Of Prizefighters)
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Property insurance crisis will take back seat to taxes during legislative session (Sun-Sentinel)
When legislators crafted the state's new insurance law in January, they promised more was coming to fix Florida's troubled property insurance market.

Posted by Administrator at 03:00 AM |

Insurance News - Property insurance crisis will take back seat to taxes in


Property insurance crisis will take back seat to taxes in this session (Sun-Sentinel)
When legislators crafted the state's new insurance law in January, they promised more was coming to fix Florida's troubled property insurance market.

State Farm issues insurance dividends (The Advocate)
NEWARK -- State Farm Mutual Automobile Insurance Co. announced Thursday its Ohio auto insurance policyholders will receive dividends totaling $58 million.

Bill to limit how auto insurers set rates stalls in Legislature (The Star-Ledger)
Legislation that would have banned auto insurers in New Jersey from considering a motorist's occupation or education when deciding what premium to charge failed to get out of the Senate Commerce Committee yesterday.

Posted by Administrator at 04:55 AM |

Insurance News - State Farm announces 15.2 million auto dividend (The Morning News)


State Farm announces 15.2 million auto dividend (The Morning News)
LITTLE ROCK -- State Farm Mutual Automobile Insurance Company announced Thursday that its policyholders in Arkansas will receive dividends totaling 15.2 million.

AutoMart-China Contracts with 7 Insurance Companies to Offer Evaluation/Coverage Decisions On-Site at Beijing Centers (Business Wire via Yahoo! Finance)
BEIJING & FORT MYERS, Fla.----AutoMart-China - the largest independent auto aftermarket company in Beijing and a 95% owned subsidiary of Deep Field Technologies, Inc. - has contracted with seven insurance companies to offer damage evaluation and make coverage decisions at AutoMart maintenance and repair centers.

Posted by Administrator at 08:25 AM |

Insurance News - Kan. Insurance Agent Alleges Company Discriminates Against Hispanics (Insurance Journal)


Kan. Insurance Agent Alleges Company Discriminates Against Hispanics (Insurance Journal)
When Paul Bergersen told the Kansas Insurance Department that his company was treating auto policyholders with Hispanic surnames differently than others, investigators had little experience to draw up

Fogarty, Gurney bring home Mexico City victory (Motorsport.com)
Bob Stallings Racing's two drivers handed the the GAINSCO Auto Insurance Pontiac Riley their first Grand American Rolex Series victory. Jon Fogarty and Alex Gurney drove home the team's first Daytona Prototype win in the 24th attempt for the team.

State Farm to dole out car insurance dividends (Vallejo Times-Herald)
About 42,000 Solano County auto insurance policy holders can expect a check in the mail from their car insurance company, a major auto insurer announced Thursday.

Posted by Administrator at 11:55 AM |

Insurance News - State Farm announces insurance dividend payments (Greeley Tribune) State Farm


State Farm announces insurance dividend payments (Greeley Tribune)
State Farm Mutual Automobile Insurance Co. announced Thursday it will send Colorado auto policy holders a total of $19.1 million in dividends.

Kan. Insurance Agent Alleges Company Discriminates Against Hispanics (Insurance Journal)
When Paul Bergersen told the Kansas Insurance Department that his company was treating auto policyholders with Hispanic surnames differently than others, investigators had little experience to draw up

State Farm to dole out car insurance dividends (Vallejo Times-Herald)
About 42,000 Solano County auto insurance policy holders can expect a check in the mail from their car insurance company, a major auto insurer announced Thursday.

Posted by Administrator at 04:00 PM |

Insurance News - Dave Roush of Insurance.com to Speak at Thomas Weisel Partners


Dave Roush of Insurance.com to Speak at Thomas Weisel Partners Internet & Digital Media Conference (Business Wire via Yahoo! Finance)
CLEVELAND----Insurance.com, the nation's leading online auto insurance agency, today announced that Dave Roush, CEO, will speak at Thomas Weisel Partners Internet & Digital Media Conference on Wednesday, March 7, 2007 at 1:30 P.M.

State Auto Financial Declares Dividend (AP via Yahoo! Finance)
Insurance company State Auto Financial Corp. said Friday it declared a quarterly dividend of 10 cents. The dividend is payable March 30 to shareholders of record as of March 16.

Posted by Administrator at 04:05 PM |

Insurance News - State Farm to Distribute $195 Million Calif. Auto Policyholder Dividend


State Farm to Distribute $195 Million Calif. Auto Policyholder Dividend (Insurance Journal)
State Farm Mutual Automobile Insurance Co. announced that auto insurance policyholders in California will receive a dividend 15 percent of their semi-annual premium. The total amount to be distributed

Posted by Administrator at 05:25 PM |

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