Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
Mar 6 2023 // It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Mar 6 2023 // New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more...
10 Things to Know About Auto Insurance
Mar 6 2023 // The national combined average premium increased by 10.31%, and average liability premiums increased by 10.36% over the 2016-2020 period. The national combined average premium per insured vehicle was $1,176, a 2.4% decrease...
South Carolina Man Admits to Burning His Car, Filing False Insurance Claim, DOI Says
Mar 1 2023 // South Carolina authorities have charged a man with insurance fraud after he reported his vehicle was stolen, then admitted to setting it on fire. Rusty Dale Peeples, 46, was arrested Feb. 24, charged with making a false...
Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents
Feb 28 2023 // Truck insurers would be able to avoid being named as defendants in lawsuits filed after trucking accidents under a bill moving through the Georgia General Assembly. Senate Bill 191, reported favorably last week by the...
Georgia Lawmakers Pare Back Bill that Would Increase Truck Weight Limits
Feb 24 2023 // Georgia lawmakers are watering down a bill to allow heavier trucks on state highways after widespread opposition to the original measure by state and local officials. Rep. Steven Meeks, a Screven Republican, described the...
Two More La. Residents Sentenced in Staged Auto Collision Scheme
Feb 22 2023 // U.S. District Judge Sarah S. Vance sentenced New Orleans residents Herbert Allen,age 38, and Dion Ridley, age 23, after they pleaded guilty to Conspiracy to Commit Mail Fraud in violation of Title 18, United States Code,...
Tesla Fatal Crash With Fire Truck Draws Regulator Inquiry
Feb 21 2023 // The US National Highway Traffic Safety Administration asked Tesla Inc. for more information about one of its vehicles colliding with a fire truck in a fatal crash in the San Francisco Bay area. The agency reached out to...
Allstate’s Plan to Return to Profit in Auto
Feb 20 2023 // Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1...
Two More Louisiana Residents Sentenced in Staged Auto Accident Conspiracy
Feb 17 2023 // Two more Louisiana citizens were sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies. United States Attorney Duane A. Evans announced that John Diggs age 62, of...
Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data
Feb 17 2023 // A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the...
Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming
Feb 17 2023 // Allstate Corp. said it estimated catastrophe losses for the month of January of $307 million, or $243 million after-tax from nine events primarily in Texas and California. Catastrophe losses for the January events were...
Nebraska Supreme: Rental Car Customer Doesn’t Owe Avis for ‘Voluntary’ Payment
Feb 15 2023 // No one threatened to sue Avis Rent a Car after Roynetta McDavid’s little sister borrowed her rental car without permission and smashed it into another vehicle. But a claims handler for the company paid three people...
Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
Viewpoint: Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
Feb 13 2023 // “It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet...
Car-Data Firms Flop as Automakers See Dollar Signs in Software
Feb 13 2023 // Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right, poaching executives from tech giants and trying to figure out how to process and monetize the...
Illinois Truck Parts Company to Settle $200K Sexual Harassment Suit
Feb 10 2023 // CHICAGO – Monro, Inc., owner and operator of more than 1,000 auto care locations across the country, will pay $200,000 and provide other relief to resolve a sexual harassment lawsuit filed by the U.S. Equal Employment...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Feb 9 2023 // New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more...
Illinois Bill Would Limit Criteria for Setting Auto Insurance Rates
Feb 9 2023 // A bill proposed by an Illinois lawmaker this week would prohibit auto insurers from setting rates based on credit score, race and sex among other criteria, an action that the insurance industry says would drive down...
Three College Students Killed in West Virginia Auto Accident
Feb 9 2023 // Three Virginia college students were killed when their vehicle left a road and struck a tree in West Virginia, authorities said Friday. The single-vehicle accident occurred Thursday night along West Virginia Route 259 near...
