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Insurance News - Conning Research: Personal Auto Insurers Need Better Understanding Of Distribution


Conning Research: Personal Auto Insurers Need Better Understanding Of Distribution Channels To Compete In Softening ... (PR Newswire via Yahoo! Finance)
The economics of distribution channels in personal auto insurance can be difficult to understand, and this can present both opportunities and challenges in a softening rate market, according to a new study by Conning Research and Consulting.

Auto rates still falling ... for now (Toronto Star)
Auto insurance is one political football that can stay in storage for the Oct. 10 Ontario provincial election. Rates have been relatively stable for months, and they have fallen substantially since the Liberal and Conservative parties last campaigned on promises to reduce premium costs.

In Response Readers misled about insurance companies (Mankato Free Press)
It has been with dismay that I ve followed your recent coverage regarding a need for a good faith change in insurance claims handling.

Posted by Administrator at 05:50 AM |

Insurance News - Action Line: How to get an accident off insurance records


Action Line: How to get an accident off insurance records (San Jose Mercury News)
Q Here's a goodie: I noticed on my auto insurance renewal there was a "point" listed; after a phone call, I found it was due to an old police report citing me in an accident.

Posted by Administrator at 07:05 AM |

Insurance News - Alberta stalls auto premiums (Calgary Sun) After three years of


Alberta stalls auto premiums (Calgary Sun)
After three years of reducing mandatory auto insurance premiums, the province has opted to freeze the rate this year.

Posted by Administrator at 11:45 AM |

Insurance News - Insurance study correlates credit scores, risk (The Kansas City Star)


Insurance study correlates credit scores, risk (The Kansas City Star)
A government study released this week agreed that credit-based insurance scores can effectively predict whether a consumer will file more auto insurance claims.

4 Arrested In Auto-Insurance Scam (The Tampa Tribune)
TAMPA - Four Tampa residents were arrested Wednesday in connection with an auto-insurance scheme in which medical clinics reportedly paid patients to receive treatment they didn't need, then billed insurance companies.

Exclusive insurance program open to Chamber members (The Greater New Milford Spectrum)
The Greater New Milford Chamber of Commerce is offering a discounted auto and home insurance program through Travelers Insurance, one of the largest writers of auto and home insurance in Connecticut.

Posted by Administrator at 04:35 PM |

Insurance News - Manitobans ponder solutions to auto-theft problem (CBC via Yahoo! Canada


Manitobans ponder solutions to auto-theft problem (CBC via Yahoo! Canada News)
Immobilizers, GPS bracelets, monitoring programs - the Manitoba government has made several moves to combat auto theft. But in the wake of the death of a cyclist struck by a stolen truck earlier this week, Manitobans are struggling to come up with ways to deter thieves.

Posted by Administrator at 05:30 PM |

Insurance News - Asbury Auto Group 2Q Profit Rises (AP via Yahoo! Finance)


Asbury Auto Group 2Q Profit Rises (AP via Yahoo! Finance)
Auto dealer Asbury Automotive Group Inc. said Thursday its second-quarter profit rose 8 percent, as stronger finance and insurance operations helped offset a weaker retail sales market.

Posted by Administrator at 10:15 PM |

Insurance News - New state insurance verification program has a sizable hole (Cushing


New state insurance verification program has a sizable hole (Cushing Daily Citizen)
TULSA, Okla. (AP) - An auto insurance-verification program set to take effect in Oklahoma next summer does not address a growing number of uninsured drivers _ those who are illegal immigrants.

FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)
A study released today by the Federal Trade Commission confirms that African American and Hispanic drivers pay more for auto insurance because insurers use credit scores to determine premiums. The use of credit scores in insurance has long been a controversial practice because of its discriminatory impact on low income and minority families.

Posted by Administrator at 12:50 AM |

Insurance News - FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans


FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)
A study released today by the Federal Trade Commission confirms that African American and Hispanic drivers pay more for auto insurance because insurers use credit scores to determine premiums. The use of credit scores in insurance has long been a controversial practice because of its discriminatory impact on low income and minority families.

2:25 p.m. - Sen. Pangelinan introduces bill to protect victims of auto-related accidents (Pacific Daily News)
2:25 p.m., July 24 - Sen. Vicente Pangelinan has introduced a bill that seeks to protect victims of auto-related accidents where the party at fault does not have auto insurance.

State Auto Financial 2Q Profit Surges (AP via Yahoo! Finance)
State Auto Financial Corp. on Tuesday said second-quarter profit skyrocketed as policy loss rates dropped, but the results did not meet Wall Street estimates and the insurance company's stock hit a 52-week low.

Posted by Administrator at 01:00 AM |

Insurance News - Insurance.com Optimizes the Customer Experience, One Segment at a Time


Insurance.com Optimizes the Customer Experience, One Segment at a Time (TechWeb via Yahoo! News)
On its path to leadership among online agencies, the "Orbitz of auto insurance" takes a fine-grained approach to improving customer satisfaction and driving more clickthroughs.

Mandatory auto insurance law failing, study shows (Montgomery Advertiser)
MOBILE -- A national study suggests Alabama's mandatory auto insurance law has had little effect on the number of uninsured driver on state roads since the Legislature enacted it in 1999.

The Insurance Research Council, a nonprofit study group funded by insurance providers, released a national study that ... (WTOK-TV Meridian)
A law was passed in 1999 to require Alabama drivers to have auto insurance. That was unchanged from a 1998 state study of uninsured drivers. Alabama ties California for the second-highest percentage of uninsured drivers in the 50 states.

Posted by Administrator at 03:00 AM |

Insurance News - Court backs Forest County judge in auto insurance case (The


Court backs Forest County judge in auto insurance case (The Rhinelander Daily News)
Daily News Staff The decision of a Forest County Circuit judge in an automobile insurance case has been upheld by the Wisconsin Supreme Court.

Unitrin Direct Introduces Affordable Auto Insurance to Minnesota (FinanzNachrichten)
MINNEAPOLIS, July 20 /PRNewswire-FirstCall/ -- Unitrin ( Nachrichten ) Direct, an auto insurer that is becoming increasingly popular with consumers nationwide for its affordable rates and high-quality customer service, is now selling policies in Minnesota, which will help drivers across the state save money on reliable coverage.

New state insurance verification program has a sizable hole (KSWO Lawton-Wichita Falls)
TULSA, Okla. (AP) - An auto insurance-verification program set to take effect in Oklahoma next summer does not address the growing number of uninsured drivers who are illegal immigrants.

Posted by Administrator at 03:00 AM |

Insurance News - Southern Insurance Agency welcomes new agent (Outer Banks Sentinel) Annie


Southern Insurance Agency welcomes new agent (Outer Banks Sentinel)
Annie Smith has recently joined Southern Insurance Agency's Kitty Hawk branch as a personal lines agent serving the area's growing homeowners, rental investment property, and auto insurance needs.

Posted by Administrator at 07:25 AM |

Insurance News - Governor Blanco Vetoes Auto Insurance Bill (WAFB Baton Rouge) Governor


Governor Blanco Vetoes Auto Insurance Bill (WAFB Baton Rouge)
Governor Kathleen Blanco has vetoed legislation that could have increased auto insurance costs for over one million Louisiana motorists.

Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group (Insurance Journal)
Texas Mutual Insurance Company and Frost Insurance Agency have partnered to launch the Texas Auto Repair purchasing group, Texas Mutual announced. The group offers members a money-saving workers' comp

Unitrin Direct Introduces Affordable Auto Insurance to Minnesota (FinanzNachrichten)
MINNEAPOLIS, July 20 /PRNewswire-FirstCall/ -- Unitrin ( Nachrichten ) Direct, an auto insurer that is becoming increasingly popular with consumers nationwide for its affordable rates and high-quality customer service, is now selling policies in Minnesota, which will help drivers across the state save money on reliable coverage.

Posted by Administrator at 10:06 AM |

Insurance News - Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group (Insurance


Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group (Insurance Journal)
Texas Mutual Insurance Company and Frost Insurance Agency have partnered to launch the Texas Auto Repair purchasing group, Texas Mutual announced. The group offers members a money-saving workers' comp

Posted by Administrator at 10:50 AM |

Insurance News - Mass.: Auto Insurance Competition Closer (AP via Yahoo! Finance) Car


Mass.: Auto Insurance Competition Closer (AP via Yahoo! Finance)
Car owners could gradually see more competition in the auto insurance market under a plan unveiled Monday by the state insurance commissioner.

Blanco vetoes increase in auto insurance limits (The Advocate)
Louisiana motorists still reeling from the hurricanes should not be forced to increase their auto liability insurance, the governor decided Wednesday.

Posted by Administrator at 12:40 PM |

Insurance News - Mass. Drivers Get Choices In Auto Insurance (NBC 10 Providence)


Mass. Drivers Get Choices In Auto Insurance (NBC 10 Providence)
Massachusetts Gov. Deval Patrick says a new plan to increase competition in the state's auto insurance market strikes a balance between free market and government control.

Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group (Insurance Journal)
Texas Mutual Insurance Company and Frost Insurance Agency have partnered to launch the Texas Auto Repair purchasing group, Texas Mutual announced. The group offers members a money-saving workers' comp

Posted by Administrator at 05:35 PM |

Insurance News - Patrick: Auto insurance plan balances market, state control (Boston Globe)


Patrick: Auto insurance plan balances market, state control (Boston Globe)
Gov. Deval Patrick said a new plan to increase competition in the regulated Massachusetts auto insurance market strikes a fine balance between the free market and government control.

Driver choice could cut your auto insurance bill (WZZM 13 Grand Rapids)
Michigan motorists could pay as much as 21% less on average for auto insurance if the state allowed them to buy less medical coverage than they're now required to carry, according to an insurance industry study.

Competition Coming To Auto Insurance Market (WBZ Boston)
Car owners in Massachusetts could gradually see more competition in the auto insurance market under a plan unveiled by the state insurance commissioner. More Massachusetts News

Posted by Administrator at 07:55 PM |

Insurance News - High-risk auto insurance rates will decrease (Press & Sun-Bulletin) Drivers


High-risk auto insurance rates will decrease (Press & Sun-Bulletin)
Drivers in New York's Automobile Insurance Plan, also known as the assigned risk plan, will see an overall 7 percent reduction in premiums, the New York State Insurance Department announced Monday.

Competition Coming To Auto Insurance Market (WBZ Boston)
The state insurance commissioner has announced she is calling for the gradual introduction of competition into the state's auto insurance market. Nonnie Burnes filed the decision Monday evening, with the goal of implementing the new policy by April of next year. More Massachusetts News

Auto insurance options (North Adams Transcript)
What are the possibilities when it comes the state's role in your auto insurance? Below are the descriptions of three, along with their pros and cons.

Posted by Administrator at 11:15 PM |

Insurance News - Southern Insurance Agency welcomes new agent (Outer Banks Sentinel) Annie


Southern Insurance Agency welcomes new agent (Outer Banks Sentinel)
Annie Smith has recently joined Southern Insurance Agency's Kitty Hawk branch as a personal lines agent serving the area's growing homeowners, rental investment property, and auto insurance needs.

Auto insurance market (Berkshire Eagle)
1. Keep the market the way it is now, allowing the state to set auto-insurance rates. 2. Allow some competition, but have the state regulate rate hikes.

Travel Insurance (ABC 15 Phoenix)
Travel Insurance Taking a summer vacation this year? Before you invest in travel insurance, we ll let you know if it s worth the risk.

Posted by Administrator at 02:40 AM |

Insurance News - State's auto insurance could shift (Berkshire Eagle) BOSTON Newly


State's auto insurance could shift (Berkshire Eagle)
BOSTON Newly appointed state Insurance Commissioner Nonnie Burns will announce tomorrow whether competition will be introduced into the state's regulated auto-insurance market.

Posted by Administrator at 03:10 AM |

Insurance News - Crash test is pain in the neck for car makers


Crash test is pain in the neck for car makers (CNN Money)
Some car companies - even those that have "Top Safety Pick Awards" from the Insurance Institute for Highway Safety - say its rear impact protection test doesn't reflect reality, and that its methods force auto makers into a one-size-fits-all solution.

Auto Insurance Discounts Challenged As Hidden Finance Charges (The Tampa Tribune)
List of insurance companies in Florida that offer a paid-in-full discount for private passenger auto policies.

Posted by Administrator at 06:15 AM |

Insurance News - Interest groups taking sides in Florida's 'no-fault' insurance fight (Sun-Sentinel)


Interest groups taking sides in Florida's 'no-fault' insurance fight (Sun-Sentinel)
TALLAHASSEE It's known as "no fault" and was designed to safeguard motorists hurt in an accident. The down side, say auto insurers, is that it also shields fraudsters and doctors, lawyers and others who milk the system and jacks up insurance rates for the rest of us.

BBB warns of auto insurance scams (KETK 56 Tyler)
TYLER - If you're planning to buy auto insurance anytime soon, the Better Business Bureau in Tyler has a some advice : check the insurance company's credentials first.

Posted by Administrator at 07:30 AM |

Insurance News - Insurance Surprises: MetLife Auto & Home Survey Finds Many Americans


Insurance Surprises: MetLife Auto & Home Survey Finds Many Americans Dramatically Overestimate the Level of Insurance ... (FinanzNachrichten)
Although most Americans are actually willing to pay more for auto and home insurance to achieve greater peace of mind, the overwhelming majority mistakenly believe that their insurance covers them for risks against which many policies do not protect, leaving millions financially vulnerable.

Posted by Administrator at 11:00 AM |

Insurance News - Insurance Group Urges Defeat of Wis. Auto Repair Shop Legislation


Insurance Group Urges Defeat of Wis. Auto Repair Shop Legislation (Insurance Journal)
The American Insurance Association (AIA) today urged Wisconsin legislators to reject two bills that would make it illegal for insurers to provide their customers valuable information after a car accid

Progressive's Direct Business Lowers Auto Insurance Rates in Colorado Seven Times since 2003 (Business Wire via Yahoo! Finance)
DENVER----The Direct Business of the Progressive Group of Insurance Companies, which sells insurance by phone at 1-800-PROGRESSIVE and online at progressive.com, announced today that it is lowering auto insurance premiums in Colorado by an average of 5.2 percent for new and renewing customers effective July 11 and August 20, 2007, respectively.

BBB warns of auto insurance scams (KETK 56 Tyler)
TYLER - If you're planning to buy auto insurance anytime soon, the Better Business Bureau in Tyler has a some advice : check the insurance company's credentials first.

Posted by Administrator at 11:55 AM |

Insurance News - State Farm leads state in insurance policies (Salem Statesman Journal)


State Farm leads state in insurance policies (Salem Statesman Journal)
State Farm Fire and Casualty Co. holds 25 percent of the homeowners' insurance market in Oregon and 17 percent of the auto insurance business.

Posted by Administrator at 12:45 PM |

Insurance News - Our view: Fraud fight pays off for drivers (Eagle-Tribune Online)


Our view: Fraud fight pays off for drivers (Eagle-Tribune Online)
Lawrence's battle against auto insurance fraud is paying off with substantial savings for drivers on their premiums. Premiums are lower not just in the city but in surrounding communities that paid higher rates to subsidize drivers in Lawrence.

Posted by Administrator at 02:40 PM |

Insurance News - Blanco weighing pros, cons of auto insurance bill (The Lafayette


Blanco weighing pros, cons of auto insurance bill (The Lafayette Daily Advertiser)
Gov Kathleen Blanco is deciding whether to veto an increase in the minimum liability insurance coverage required of Louisiana's drivers.

Posted by Administrator at 07:25 PM |

Insurance News - CSC Licenses Legal Solutions Suite to State Auto Insurance (The


CSC Licenses Legal Solutions Suite to State Auto Insurance (The San Francisco Examiner)
EL SEGUNDO, Calif. ( Map ) - Computer Sciences Corporation (NYSE: CSC ) today announced that Columbus, Ohio-based property and casualty (P&C) insurer State Auto Insurance Companies has licensed CSC's Legal Solutions Suite (LSS). State Auto will use LSS to streamline its management of legal expenses and improve communication with its panel of more than 500 external attorneys.

Aflac Becomes NASCAR's Official Supplemental Insurance Partner (PR Newswire via Yahoo! Finance)
Aflac Incorporated today announced that it will partner with NASCAR through the 2010 season and become the sanctioning body's exclusive supplemental insurance sponsor.

U.S. may still join insurance lawsuit (Chicago Tribune)
Group alleges fraud in hurricane claims The Justice Department says it is "highly interested" in an August 2006 lawsuit claiming that Allstate Corp., State Farm Fire & Casualty Co. and other insurers defrauded the government by "grossly overstating" Hurricane Katrina flood damages to policyholders' properties and then submitting false claims worth potentially billions of dollars to the federal ...

Posted by Administrator at 07:45 PM |

Insurance News - Quebec man charged in auto parts case (Toronto Star) York


Quebec man charged in auto parts case (Toronto Star)
York Region police have arrested a Quebec man after a five-month investigation into stolen auto parts.

Posted by Administrator at 12:40 AM |

Insurance News - Tennis, auto racing, CFL, MLS (The Toledo Blade) AUTO RACING


Tennis, auto racing, CFL, MLS (The Toledo Blade)
AUTO RACING

Keep Stable Value Funds Out Of Auto Enroll (Forbes)
401(k) auto enrollment is huge for workers and the mutual fund industry. Now the insurance industry is crying foul.

Posted by Administrator at 12:40 AM |

Insurance News - Insurance fraud defendant now jailed without bail (Rochester Democrat and


Insurance fraud defendant now jailed without bail (Rochester Democrat and Chronicle)
A Brighton escort service operator is back in custody on charges that he staged auto accidents to collect insurance money.

What To Do With Your Insurance Money From Hail Storm? (WLUC TV 6)
Insurance companies and their customers are still dealing with the aftermath of last week's fierce hail storm in Marquette. Some companies have set up temporary quarters to handle the claims which can range from a thousand dollars for cars to $20,000 or more for damage to homes.

Posted by Administrator at 02:25 AM |

Insurance News - Immobilize auto theft, not our vehicles (winnipegsun.com) Mandatory immobilizers. Manitoba


Immobilize auto theft, not our vehicles (winnipegsun.com)
Mandatory immobilizers. Manitoba Public Insurance dreams of snuffing out auto theft and they're planning to do just that with the electronic devices. They're demanding owners of the 100 most stolen models have immobilizers installed. If you do not comply they won't sell you insurance.

Posted by Administrator at 04:30 AM |

Insurance News - Why auto insurance is mandatory (Toronto Star) The purchase of


Why auto insurance is mandatory (Toronto Star)
The purchase of automobile insurance is mandatory in Canada. If you drive without insurance, you may face heavy fines. Your licence may be suspended and your vehicle impounded.

Stricter auto insurance laws have little effect on market (BizJournals)
After new state laws went into effect last year to root out uninsured drivers, auto insurance brokers have seen only a slight boost in business.

Posted by Administrator at 04:45 AM |

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


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.

Interest groups taking sides in Florida's 'no-fault' insurance fight (Sun-Sentinel)
TALLAHASSEE It's known as "no fault" and was designed to safeguard motorists hurt in an accident. The down side, say auto insurers, is that it also shields fraudsters and doctors, lawyers and others who milk the system and jacks up insurance rates for the rest of us.

Posted by Administrator at 09:20 AM |

Insurance News - State Auto Insurance licenses CSC legal software (Computer Business Review)


State Auto Insurance licenses CSC legal software (Computer Business Review)
Columbus, Ohio-based property and casualty insurer State Auto Insurance Companies has licensed CSCs Legal Solutions Suite to streamline its management of legal expenses and improve communication with its panel of more than 500 external attorneys.

Interest groups taking sides in Florida's 'no-fault' insurance fight (Sun-Sentinel)
TALLAHASSEE It's known as "no fault" and was designed to safeguard motorists hurt in an accident. The down side, say auto insurers, is that it also shields fraudsters and doctors, lawyers and others who milk the system and jacks up insurance rates for the rest of us.

Beacon Hill battle brewing on car insurance reform (WPRI 12 Providence)
BOSTON (AP) - A battle is brewing on Beacon Hill over the future of auto insurance reform and Governor Patrick may be caught in the middle.

Posted by Administrator at 12:10 PM |

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