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Insurance News - ADESA and Insurance Auto Auctions Report First Quarter 2007 Results


ADESA and Insurance Auto Auctions Report First Quarter 2007 Results (The Auto Channel)
CARMEL, Ind. & WESTCHESTER, Ill.--ADESA, Inc., a leading provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, and Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today reported their first quarter financial results.

A.M. Best Affirms and Assigns Ratings to Auto-Owners Insurance Group and Auto-Owners Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A++ and assigned issuer credit ratings of " aa+" to Auto-Owners Insurance Group and its members. Concurrently, A.M.

ADESA and Insurance Auto Auctions Report First Quarter 2007 Results (CNW Group via Yahoo! Finance)
ADESA, Inc., a leading provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, and Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today reported their first quarter financial results.

Posted by Administrator at 10:50 PM |

Insurance News - Senate Passes Bill To Raise Minimum Auto Liability Insurance (KBTV


Senate Passes Bill To Raise Minimum Auto Liability Insurance (KBTV Beaumont)
The Louisiana State Senate has approved a bill that would require Louisiana motorists to pay for increased minimum liability auto insurance coverage.

Posted by Administrator at 01:35 AM |

Insurance News - State Farm gets backing to lower auto rates (BizJournals) The


State Farm gets backing to lower auto rates (BizJournals)
The Florida Office of Insurance Regulation has approved a request by State Farm to lower auto rates by a statewide average of nearly 16 percent.

ADESA and Insurance Auto Auctions Report First Quarter 2007 Results (The Auto Channel)
CARMEL, Ind. & WESTCHESTER, Ill.--ADESA, Inc., a leading provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, and Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today reported their first quarter financial results.

Obama touts tax-funded health insurance (The Washington Times)
IOWA CITY, Iowa (AP) -- Democratic presidential hopeful Sen. Barack Obama yesterday offered a plan to provide health care to millions of Americans and more affordable medical insurance, financed in part by tax increases on the wealthy.

Posted by Administrator at 05:10 AM |

Insurance News - Refinance Your Auto Loan and Ease a Tight Budget (Hornell


Refinance Your Auto Loan and Ease a Tight Budget (Hornell Evening Tribune)
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from?

Insurance cos innovate to stay ahead (rediff.com)
With competition in the general insurance sector heating up, companies are busy innovating in order to provide value-added services to existing customers.

Posted by Administrator at 05:45 AM |

Insurance News - Are you sure about insurance? (Boston Globe) The insurance bill


Are you sure about insurance? (Boston Globe)
The insurance bill would arrive each April, jacked up several hundred dollars on account of surcharges that lingered long after the effects of the accident. It seemed an unfair, even cruel, punishment for an incident in which I was the only person hurt. (I swerved and hit a tree.) But, hey, that's the system.

Auto insurance requirements are up in the air (Miami Herald)
If lawmakers don't take action before the state's no-fault law expires in October, the courts could well decide how much and what kind of auto insurance coverage Florida drivers will have to buy.

Posted by Administrator at 08:10 AM |

Insurance News - One-Stop Car Insurance Service, Body Work Included (New York Times)


One-Stop Car Insurance Service, Body Work Included (New York Times)
Insurance companies are testing one-stop service centers, which handle every aspect of the claim from a car accident.

Posted by Administrator at 12:55 PM |

Insurance News - 2Insure4Less.com Helps Consumers with Insurance Shopping Process (URLwire) 2Insure4Less.com is


2Insure4Less.com Helps Consumers with Insurance Shopping Process (URLwire)
2Insure4Less.com is an online service that connects insurance shoppers with insurance professionals. 2insure4less.com is different from other quoting websites, because the site allows consumers to compare quotes from multiple insurance agents, instead of getting one or two quotes. The site provides quotes on nearly every type of insurance: auto, home, renters, health, life, disability, long term ...

Lawmakers consider raising auto liability minimums (KTBS Shreveport)
Louisiana lawmakers are debating whether to raise the minimum coverage of auto liability insurance. Louisiana's coverage requirements are among the lowest in the nation.

Posted by Administrator at 03:05 PM |

Insurance News - Extension sought for PIP insurance (Miami Herald) The House Democrats


Extension sought for PIP insurance (Miami Herald)
The House Democrats are asking Gov. Charlie Crist to include a one-year extension of the state's controversial no-fault auto insurance law in the special session next month on property tax reform.

Farmers Insurance Introduces New Annual Auto Insurance Policy in California (Business Wire via Yahoo! Finance)
SACRAMENTO, Calif.----Farmers Insurance Group of Companies, including Farmers Insurance Exchange, and Mid-Century Insurance Company, have good news for their over 2,100,000 insurance policyholders and all new customers in California.

Posted by Administrator at 07:55 PM |

Insurance News - Legally Speaking - with Bob Mionske: Insurance for commuters? (Velo


Legally Speaking - with Bob Mionske: Insurance for commuters? (Velo News)
Aa car hits me and my bike - I am injured, the bike is damaged and the driver does not have insurance (does happen, yes ...). I cause an accident (my fault) and the car crashes into something - driver is hurt, car is damaged, I am fine.

Bill increases auto liability policy coverage (New Orleans Times-Picayune)
BATON ROUGE -- Many drivers could be paying more for auto liability insurance soon because the coverage provided by their policies is inadequate and should be increased, a Senate committee decided Wednesday.

N.C. House Agrees To Tackle Auto Insurance Rate Evasion (WXII-TV Winston-Salem)
Out-of-state residents who falsely claim residency in North Carolina to get cheaper auto insurance premiums would be guilty of a felony in a bill approved Monday night by the House.

Posted by Administrator at 09:45 PM |

Insurance News - N.C. House Agrees To Tackle Auto Insurance Rate Evasion (WXII-TV


N.C. House Agrees To Tackle Auto Insurance Rate Evasion (WXII-TV Winston-Salem)
Out-of-state residents who falsely claim residency in North Carolina to get cheaper auto insurance premiums would be guilty of a felony in a bill approved Monday night by the House.

N.C. Senator proposing big changes for auto insurance (WWAY 3 Wilmington)
A North Carolina senator is proposing some big changes to the way auto insurance rates are calculated. He wants to take away the state insurance commissioner's ability to control insurance rates. If the bill presented in State Senate Tuesday is passed, North Carolina's business court would be in charge of deciding standard insurance rates, instead of the insurance commissioner.

Third Party Insurance a Victim Coup (Scoop.co.nz)
Third party auto insurance will be a major breakthrough for victim's rights if the insurance is intended to extend to cover for loss, damage or injury including death for vehicular offender's victims.

Posted by Administrator at 11:35 PM |

Insurance News - NC House agrees to tackle auto insurance "rate evasion" (WNCT


NC House agrees to tackle auto insurance "rate evasion" (WNCT Greenville)
(AP) - Out-of-state residents who falsely claim residency in North Carolina get cheaper insurance premiums would be guilty of a felony in a bill approved tonight by the House.

N.C. House Agrees To Tackle Auto Insurance Rate Evasion (WXII-TV Winston-Salem)
Out-of-state residents who falsely claim residency in North Carolina to get cheaper auto insurance premiums would be guilty of a felony in a bill approved Monday night by the House.

Free Auto Insurance Quotes Could Equal Big Savings (Palladium Times)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

Posted by Administrator at 03:10 AM |

Insurance News - NC House agrees to tackle auto insurance "rate evasion" (The


NC House agrees to tackle auto insurance "rate evasion" (The Herald-Sun)
Out-of-state residents who obtain automobile insurance in North Carolina fraudulently to get cheaper premiums would be guilty of a felony in a bill that the House approved unanimously Monday night.

Drivers May Not Need Auto Insurance In Florida (CBS 4 Miami)
After Oct. 1, Florida drivers will no longer be required to carry auto insurance because the no-fault law will have expired.

NC House agrees to tackle auto insurance "rate evasion" (FOX Carolina)
Associated Press - May 21, 2007 10:15 PM ET RALEIGH, N.C. (AP) - Out-of-state residents who falsely claim residency in North Carolina get cheaper insurance premiums would be guilty of a felony...

Posted by Administrator at 07:54 AM |

Insurance News - Bajaj Auto shares fall on insurance JV value concern (Reuters


Bajaj Auto shares fall on insurance JV value concern (Reuters via Yahoo! India News)
MUMBAI (Reuters) - Shares in motorcycle maker Bajaj Auto Ltd. skidded 13 percent to their lowest in a year as investors gave a thumbs down to its break-up plan and worried it would sell stakes in its insurance business too cheaply.

Posted by Administrator at 07:55 AM |

Insurance News - Calling All New Idaho Parents, Farmers Insurance Will Soon Offer


Calling All New Idaho Parents, Farmers Insurance Will Soon Offer You a Discount on Auto Insurance (Business Wire via Yahoo! Finance)
BOISE, Idaho----Effective May 21, 2007, Farmers Insurance Group of Companies will recognize new parents in Idaho by offering a new parent discount auto insurance policy. The discount will be available to all existing Farmers' new parent policyholders as well as new customers.

Bill to punish auto-insurance evaders moves ahead (The News & Observer)
A legislative bill aimed at deterring out-of-state residents from wrongfully obtaining auto insurance in North Carolina has gained some traction in the General Assembly.

Posted by Administrator at 09:20 AM |

Insurance News - Bajaj Auto shares fall on insurance JV value concern (Reuters


Bajaj Auto shares fall on insurance JV value concern (Reuters via Yahoo! Asia News)
MUMBAI, May 18 (Reuters) - Shares in India's Bajaj Auto Ltd. fell almost 13 percent to their lowest in a year on Friday, mainly on investor concerns about valuations of its stakes in insurance ventures with Germany's Allianz .

Calling All New Minnesota Parents, Farmers Insurance Will Soon Offer You a Discount on Auto Insurance (Business Wire via Yahoo! Finance)
ST. PAUL, Minn.----Effective May 21, 2007, Farmers Insurance Group of Companies will recognize new parents in Minnesota by offering a new parent discount auto insurance policy. The discount will be available to all existing Farmers' new parent policyholders as well as new customers.

Posted by Administrator at 09:25 AM |

Insurance News - Calling All New Virginia Parents, Farmers Insurance Will Soon Offer


Calling All New Virginia Parents, Farmers Insurance Will Soon Offer You a Discount on Auto Insurance (Business Wire via Yahoo! Finance)
RICHMOND, Va.----Effective May 21, 2007, Farmers Insurance Group of Companies will recognize new parents in Virginia by offering a new parent discount auto insurance policy. The discount will be available to all existing Farmers' new parent policyholders as well as new customers.

Calling All New Colorado Parents, Farmers Insurance Will Soon Offer You a Discount on Auto Insurance (Business Wire via Yahoo! Finance)
DENVER----Effective May 21, 2007, Farmers Insurance Group of Companies will recognize new parents in Colorado by offering a parent discount auto insurance policy. The discount will be available to all existing Farmers' new parent policyholders as well as new customers.

Posted by Administrator at 10:45 AM |

Insurance News - Health Insurance for the Self-Employed (HispanicBusiness.com) I would love to


Health Insurance for the Self-Employed (HispanicBusiness.com)
I would love to own my own business, but I wonder what self-employed people do about health insurance. Do they not have any? I think medical coverage must be a major reason that most people stay at their jobs. Are there ways to get health insurance other than through an employer?

Posted by Administrator at 01:25 PM |

Insurance News - Insurers claim Florida's property insurance reforms pose threat to taxpayers


Insurers claim Florida's property insurance reforms pose threat to taxpayers (Sun-Sentinel)
In a bid to build support for abolishing parts of a state property insurance law enacted in January, insurance industry officials Tuesday released a sobering financial study that forecasts rising costs for many Floridians and taxpayer risks if there's another bad hurricane season.

California Offers Consumers Detailed Auto Insurance Information on the Web (The Auto Channel)
LOS ANGELES--Deciding if California s Low Cost Auto Insurance program is right for you may be as easy as the click of a mouse.

AIG to Acquire 21st Century Insurance (AP via Yahoo! Finance)
Insurance giant American International Group Inc. said Tuesday it will buy out the remaining shares of auto insurance provider 21st Century Insurance Group for $813 million, or $22 per share in cash -- topping AIG's previous offer of $690 million, or $19.75 per share.

Posted by Administrator at 05:35 PM |

Insurance News - Free Auto Insurance Quotes Could Equal Big Savings (Wellsville Daily


Free Auto Insurance Quotes Could Equal Big Savings (Wellsville Daily Reporter)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

Posted by Administrator at 09:05 PM |

Insurance News - State Farm lowers auto insurance rates (Knoxville News Sentinel) State


State Farm lowers auto insurance rates (Knoxville News Sentinel)
State Farm lowers auto insurance rates State Farm Mutual Automobile Insurance Co. announced Monday it will lower its overall rate level in Tennessee an average of 1.4 percent as of June 11. The rate cute would save Tennessee customers about $8.4 million annually. State Farm is one of the largest automobile insurers in Tennessee

Check insurance needs before you retire (Deseret Morning News)
If you're about to retire, you need to reassess your insurance needs. First things first: If you haven't already bought long-term-care insurance, now's the time. The younger you are when you buy a policy, the lower your premiums will be. Plus, it's less likely that you'll have a medical condition that could make it difficult to qualify for coverage.

Posted by Administrator at 01:50 AM |

Insurance News - Bajaj Auto's spin-off due (Market Watch) MUMBAI (MarketWatch) -- As


Bajaj Auto's spin-off due (Market Watch)
MUMBAI (MarketWatch) -- As India's second largest motorcycle maker, Bajaj Auto Ltd., prepares to report its fourth quarter earnings this week, investors will be hoping news relating to a spin-off of its investments will compensate for a likely disappointing set of numbers.

Allianz may drive BAL demerger (The Economic Times)
A recent disclosure by the insurance arms of Bajaj Auto can have an impact on the proposed demerger.

Auto insurers plan for end of no-fault law (Sarasota Herald-Tribune)
Some of the state's auto insurers are preparing to lower consumers' premiums now that Florida's no-fault insurance law is set to expire Oct. 1, while others say they may continue providing the controversial coverage.

Posted by Administrator at 02:10 AM |

Insurance News - Auto insurance issue not dead (North Adams Transcript) BOSTON


Auto insurance issue not dead (North Adams Transcript)
BOSTON Two consecutive years of dips in auto insurance rates has not been enough to take the idea of auto insurance reform off the table.

Insurer s job cuts reach 50 in Springs (Colorado Springs Gazette)
California Casualty Group has cut 50 positions from its Colorado Springs regional office since February to keep up with widespread auto insurance rate reductions.

Grown-Up Report Cards: Credit Reports and Insurance Grades (Fox News)
Oh sure, anybody can get a free credit report. But there's a world of other information about you out there which goes far beyond that. What's your credit score? Your insurance score? Could you get a good car loan?

Posted by Administrator at 04:55 AM |

Insurance News - Free Auto Insurance Quotes Could Equal Big Savings (Hornell Evening


Free Auto Insurance Quotes Could Equal Big Savings (Hornell Evening Tribune)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

Bolingbrook insurance office opens (The Bolingbrook Sun)
On May 1, Allstate exclusive agent Christopher Weber opened an insurance office at 440 W. Boughton Road in Bolingbrook.

Sask. cabinet approves car insurance rate cuts (CBC via Yahoo! Canada News)
The Saskatchewan government has approved changes to auto insurance rates that will mean an average rate cut of 7.1 per cent, starting July 1.

Posted by Administrator at 05:45 AM |

Insurance News - eNatis woes now affecting auto insurers (Independent Online) The ongoing


eNatis woes now affecting auto insurers (Independent Online)
The ongoing problems with the government's eNatis system have caused the ombudsman for short-term insurance to warn insurance companies against rejecting claims by drivers with expired licences.

Posted by Administrator at 10:25 AM |

Insurance News - The Topic: Terrorism Risk and Insurance (Rockland Village Soup) In


The Topic: Terrorism Risk and Insurance (Rockland Village Soup)
In addition to the risk of natural disasters, the insurance industry faces the threat of terrorist attacks.

Posted by Administrator at 11:35 AM |

Insurance News - Progressive.com Wins the Webby People's Voice Award in the Insurance


Progressive.com Wins the Webby People's Voice Award in the Insurance Category (Business Wire via Yahoo! Finance)
MAYFIELD VILLAGE, Ohio----The nation's third largest auto insurance group, The Progressive Group of Insurance Companies, today announced that its Web site - www.progressive.com - has received The Webby People's Voice Award.

Auto insurance issue not dead (North Adams Transcript)
BOSTON Two consecutive years of dips in auto insurance rates has not been enough to take the idea of auto insurance reform off the table.

Inmate pleads guilty in auto insurance fraud scheme (Worcester Telegram & Gazette)
A Worcester man involved in an automobile insurance fraud scam in the Lowell area in 2004 has pleaded guilty to several counts of conspiracy and negligent driving.

Posted by Administrator at 01:00 PM |

Insurance News - State Farm cuts auto insurance rates slightly (The Advocate) State


State Farm cuts auto insurance rates slightly (The Advocate)
State Farm Mutual Automobile Insurance Co., the largest auto insurer in Louisiana, is lowering its overall rates by 0.6 percent effective June 7. The rate decrease will save State Farm s Louisiana customers $4.5 million overall.

Posted by Administrator at 03:30 PM |

Insurance News - State Farm cuts auto insurance rates slightly (The Advocate) State


State Farm cuts auto insurance rates slightly (The Advocate)
State Farm Mutual Automobile Insurance Co., the largest auto insurer in Louisiana, is lowering its overall rates by 0.6 percent effective June 7. The rate decrease will save State Farm s Louisiana customers $4.5 million overall.

Posted by Administrator at 07:05 PM |

Insurance News - State Auto Financial Declares Dividend (AP via Yahoo! Finance) State


State Auto Financial Declares Dividend (AP via Yahoo! Finance)
State Auto Financial Corp., a property and casualty insurance holding company, said Friday its board declared a regular quarterly dividend of 10 cents per share.

Free Auto Insurance Quotes Could Equal Big Savings (Hornell Evening Tribune)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

No Homeowners Insurance, No Business Whatsoever (Louisiana Weekly)
State Rep. Ken Odinet revealed to the Louisiana Weekly that he is sponsoring a bill that will threaten insurance companies with losing all of a client's insurance business, if they drop homeowners coverage.

Posted by Administrator at 10:30 PM |

Insurance News - Safeco Upgrades Commercial Auto Policy - Making It One Of


Safeco Upgrades Commercial Auto Policy - Making It One Of The Best In The Industry (The Auto Channel)
SEATTLE, May 4, 2007 -- Safeco Insurance today announced enhancements to its commercial auto policy with coverages and features not available on standard auto policies.

Farmers Insurance Kansas Claims Team Assists Victims of Greensburg Tornado (Business Wire via Yahoo! Finance)
GREENSBURG, Kan.----The Farmers Insurance Group of Companies' Mobile Catastrophe Claims Center Unit will be on the scene in Havilan, Kansas late this evening and tomorrow May 6. The mobile unit will help Farmers' customers and victims of the devastating tornado that struck Greensburg, Kansas May 4th.

Legislature ends session without reform on PIP auto insurance (7 News Miami)
TALLAHASSEE, Fla. -- The Legislature ended its session without reforming or renewing Personal Injury Protection auto insurance.

Posted by Administrator at 02:30 AM |

Insurance News - Safeco Upgrades Commercial Auto Policy - Making It One Of


Safeco Upgrades Commercial Auto Policy - Making It One Of The Best In The Industry (The Auto Channel)
SEATTLE, May 4, 2007 -- Safeco Insurance today announced enhancements to its commercial auto policy with coverages and features not available on standard auto policies.

Posted by Administrator at 05:50 AM |

Insurance News - Insurance industry pushed to drop "No Fault" coverage (WTSP -


Insurance industry pushed to drop "No Fault" coverage (WTSP - Tampa Bay's 10 News)
The insurance industry says "No Fault" insurance is unfair to Florida drivers. The medical profession says it would be a mistake to drop the coverage.

Free Auto Insurance Quotes Could Equal Big Savings (Benton Evening News)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

Safeco shares slide as auto insurance profitability declines (Market Watch)
SAN FRANCISCO (MarketWatch) -- Safeco Corp. shares fell almost 4% on Tuesday after the company reported first-quarter results that suggested the profitability of its main auto insurance business is sliding.

Posted by Administrator at 07:35 AM |

Insurance News - Auto insurance fraud suspect pleads not guilty in Lawrence (Boston


Auto insurance fraud suspect pleads not guilty in Lawrence (Boston Globe)
A former Lawrence resident who allegedly played a key role in auto insurance scams pleaded not guilty Monday to charges of insurance fraud and filing a false Registry of Motor Vehicle document, prosecutors said.

Foes of insurance credit scoring unveil legislation (The Delaware Business Ledger)
Insurance Commissioner Matt Denn, state Sen. Margaret Rose Henry, state Sen. Harris McDowell and state Rep. Helene Keeley on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates.

Posted by Administrator at 10:05 AM |

Insurance News - Auto claims dent Safeco's showing (Seattle Times) Shares of Safeco


Auto claims dent Safeco's showing (Seattle Times)
Shares of Safeco tumbled Tuesday after the Seattle-based company released first-quarter financial results showing weakness in its auto-insurance...

The Main Street America Group Introduces Personal Auto MVP (The Auto Channel)
JACKSONVILLE, Fla., May 1 -- The Main Street America Group announced today the launch of its Personal Auto MVP (multivariate program), a rating program designed to provide greater pricing flexibility for the super regional property-casualty insurance carrier's new personal auto policies.

Posted by Administrator at 11:00 AM |

Insurance News - Auto insurance fraud suspect pleads not guilty in Lawrence (Boston


Auto insurance fraud suspect pleads not guilty in Lawrence (Boston Globe)
A former Lawrence resident who allegedly played a key role in auto insurance scams pleaded not guilty Monday to charges of insurance fraud and filing a false Registry of Motor Vehicle document, prosecutors said.

Foes of insurance credit scoring unveil legislation (The Delaware Business Ledger)
Insurance Commissioner Matt Denn, state Sen. Margaret Rose Henry, state Sen. Harris McDowell and state Rep. Helene Keeley on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates.

Free Auto Insurance Quotes Could Equal Big Savings (Evening Times)
(ARA) - Did you know that most people are not getting the best price for their auto insurance? Perhaps it's easier to stay with the agent you've always known, or you don't want to spend the time calling each agent individually.

Posted by Administrator at 01:15 PM |

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