Latest Auto Headlines
All the headlines from our Auto Topic Page, ordered by recency.
Trade Group Applauds 2 N.Y. Laws That Target Counterfeit Airbags, VIN Forgeries
Aug 13 2013 // New York Gov. Andrew Cuomo recently signed two pieces of legislation that seek to put greater fraud protections in place and increase safety for the state’s drivers and passengers. The New York Insurance Association...
Progressive Finds 40% of Drivers Say ‘No Way’ to Driver Tracking Product
Aug 9 2013 // Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person’s driving to set rates, Chief Executive Officer Glenn Renwick...
Small Cars Are Big Losers in Safety Crash Tests
Aug 8 2013 // The auto industry continued its poor performance in an influential U.S. safety group’s new crash test as half of the small cars tested did not fare well. Six of the cars tested, most of which were 2013 models, were...
Social Media: It’s Here to Stay
Aug 5 2013 // The Most Successful Users Know Their Markets The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for certain: While the nature of social...
R.I. Enacts Auto Body Repair Bill
Aug 5 2013 // Rhode Island Gov. Lincoln Chafee recently signed into law a bill (HB 5263/SB 465) that would prevent insurers from declaring a vehicle a total loss if the vehicle can be restored to its pre-accident condition at a cost...
Travelers Q2 Profit Rises 85%; Auto Unit Layoffs Planned
Aug 5 2013 // The Travelers Companies reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million a year ago. The insurer credited lower catastrophe losses and continued improvement in...
Auto Insurance Fraud: Is There a Solution?
Aug 5 2013 // Industry estimates put personal auto insurance fraud at about 10 percent of paid losses and loss adjustment expenses a year. That equates to roughly $13.3 billion in 2011 alone. And the overall trends don’t appear...
Allstate’s Investments Up, Disaster Costs Down in Q2
Aug 1 2013 // Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 percent to $434 million, or...
N.J. Offers Tips to Assist Consumers Who Purchase Auto Insurance Online
Jul 31 2013 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski is offering tips to shoppers to help them make educated choices and avoid scams when purchasing auto insurance online. Commissioner Kobylowski said...
U.S. Safety Rule for Oil Trains Delayed for Year
Jul 31 2013 // The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month. Officials began work on the...
Mercedes Most Popular Luxury Car Among U.S. Thieves
Jul 31 2013 // Daimler AG’s Mercedes-Benz vehicles were the most sought-after luxury brand among U.S. car thieves from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance industry group...
Toronto Dominion Bank Warns of Insurance Losses from Weather Claims
Jul 31 2013 // Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its...
Arizona Flash Flood Carries Away Tour Bus, None Hurt
Jul 30 2013 // Flash flood waters swept a tour bus with 33 people aboard hundreds of yards down a wash in northwestern Arizona and the vehicle flipped on its side, but no one was injured, officials said. The Las Vegas-bound bus was...
Kansas Vehicle Dealers Coping With Hail Damage
Jul 29 2013 // The hailstorm that pounded south-central Kansas last week left automotive dealers with big headaches, but it’s also giving prospective buyers a chance at big bargains. The Hutchinson News reports dealerships in the...
Safety Board Recommends ‘Talking Vehicles’ Technology in New Models
Jul 25 2013 // The government should set performance standards for new safety technology that allows cars and trucks to talk to each other and then require the technology be installed in all new vehicles, a federal accident investigation...
Former North Carolina Lawmaker Sues Driver, Bar Over Crash
Jul 25 2013 // A former North Carolina legislator who was seriously injured in a 2011 car crash is suing the estate of the man killed in the accident as well as the bar which he says served the victim too much alcohol. The Winston-Salem...
Investors See Travelers’ Cuts in Auto as Sign Rate Hikes Have Peaked
Jul 24 2013 // Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company’s shares fell 4 percent...
6 Plead Guilty in Louisiana Auto Accident Insurance Fraud Scheme
Jul 23 2013 // Six defendants in a case involving an automobile accident insurance fraud scheme in Louisiana have pleaded guilty, U.S. Attorney Stephanie A. Finley announced. The pleas were heard by U.S. District Judge S. Maurice Hicks,...
Travelers’ Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned
Jul 23 2013 // The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued...
R.I. Enacts Auto Body Repair Bill; Industry Group Expresses Disappointment
Jul 22 2013 // Rhode Island Gov. Lincoln Chafee recently signed into law a bill (HB 5263/SB 465) that would prevent insurers from declaring a vehicle a total loss if the vehicle can be restored to its pre-accident condition at a cost...
