Auto Insurance Blog

A recession touches many

St. Petersburg Times - Another sign that people are feeling the pinch is the growing number of Holly's customers who fail to renew their auto insurance until they get a threatening letter from the state. "Then they make a payment, but let it lapse until they hear from the ...

From A recession touches many

Steering By Auto Insurers

Hartford Courant - Parese, an attorney for the auto body association. "It's all about the insurance companies meddling in the repair process to save money," Parese said. The association also said the state Insurance Department has not done enough to protect consumers ...

From Steering By Auto Insurers

Creating a Car Culture in

Washington Post - Chen Chao, founder of the K-One Car Club, runs an auto tuning shop in Beijing and organizes unofficial road races. (By Maureen Fan -- The Washington Post) BEIJING -- Three years ago, Chen Chao was a clean-cut insurance broker who wore suits and cuff ...

From Creating a Car Culture in

Car insurance industry against adding ER costs to coverage

Representatives of the auto insurance industry say two bills that require a $15,000 emergency room health plan on every auto policy sold in Colorado will drive up premium costs and force many to pay for the same kind of coverage two or three

From Car insurance industry against adding ER costs to coverage

Lost phone key to theft

Baltimore Sun - Of a million auto thefts each year, about 400,000 cars are never recovered, according to the National Insurance Crime Bureau, an organization that tracks insurance fraud and vehicle theft. While many of those cars are dismantled in "chop shops ...

From Lost phone key to theft

Florida drivers must check coverage as no-fault

Fort Lauderdale Sun-Sentinel - Oh, fun. Now is the time to review your auto insurance coverage. Starting next month, unless something happens in Tallahassee, the requirement that all Florida licensed drivers carry $10,000 in personal injury protection called PIP will ...

From Florida drivers must check coverage as no-fault

N.J. back in driver's seat with insurance

TRENTON - New Jersey has fixed its auto insurance problem. Five years after the state deregulated the industry, the results are in, and by almost every measure the reform has been a resounding

From N.J. back in driver's seat with insurance

N.J. back in driver's seat with

Philadelphia Inquirer - TRENTON - New Jersey has fixed its auto insurance problem. Five years after the state deregulated the industry, the results are in, and by almost every measure the reform has been a resounding success. Premiums are down. Competition is up. The number ...

From N.J. back in driver's seat with

Corporate Default Risk Soars to Record on Ambac Ratings Cut

Bloomberg - The bond insurance industry guaranteed $100 billion of collateralized debt obligations linked to subprime mortgages, $22 billion of non-prime auto loans and $1.2 trillion of municipal debt. New York-based Merrill Lynch & Co., the world's largest ...

From Corporate Default Risk Soars to Record on Ambac Ratings Cut

Florida's Allstate ban first big stand

When Florida Insurance Commissioner Kevin McCarty banned Allstate last week from selling new auto insurance policies in the nation's fourth most populous state after the company flouted a subpoena regarding its homeowners insurance business, he took the unprecedented step of linking the state's goals for homeowners policies to coveted car insurance

From Florida's Allstate ban first big stand

Court backs Allstate, stays Florida

Miami Herald - The order issued Thursday by OIR prohibited Allstate from writing new property/casualty business, with the most lucrative line being personal and commercial auto insurance. OIR's order followed a heated hearing with Allstate officials on Tuesday ...

From Court backs Allstate, stays Florida

Car insurance industry against adding ER costs to

Denver Business Journal - Representatives of the auto insurance industry say two bills that require a $15,000 emergency room health plan on every auto policy sold in Colorado will drive up premium costs and force many to pay for the same kind of coverage two or three times ...

From Car insurance industry against adding ER costs to

Today's Letters: Let's send Allstate a

St. Petersburg Times - It's about time Florida went on the offensive against insurers like the "good hands" Allstate people. I've been an Allstate homeowner and auto insurance customer for more than 50 years, the last 22 years being here in Florida. During this time, I ...

From Today's Letters: Let's send Allstate a

Allstate says Fla lifts order against new

Reuters - NEW YORK (Reuters) - A Florida court stayed an order on Friday from the state's insurance commissioner, clearing the way for Allstate Corp ALL.N to once again write new auto and other policies in the state. Insurance Commissioner Kevin McCarthy had ...

From Allstate says Fla lifts order against new

Seeking tools to calm investor

International Herald Tribune - ... remain concerned that losses could grow if default levels continue to climb not only on mortgages, but also on credit card bills and auto loans. Making matters worse, there is mounting concern about the ability of companies that sell insurance for ...

From Seeking tools to calm investor