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Auto Insurance News Digest

Wednesday, September 27, 2006

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Wednesday, September 27, 2006 4:05 PM PDT

Auto Insurance
Canadian Business Wed, 27 Sep 2006 7:32 AM PDT
What is auto insurance for? Auto insurance guarantees payment of expenses incurred when your vehicle is involved in accidents or is subjected to vandalism or theft. It also ensures you are able to cover the costs of potential damages or injuries.

Understanding the fundamentals of Auto Loans
Bankrate.com Wed, 27 Sep 2006 1:23 PM PDT
An auto loan is one of life's bigger decisions and one that can stay with you for some time. Making the right auto loan choice can save thousands of dollars in interest and fees. Bankrate.com has provided a guide for auto loans and how to buy or lease a car.

Guidance From Doctors on Long Term Care Insurance; Information to Be Available in Waiting Rooms
RedNova Wed, 27 Sep 2006 6:10 AM PDT
KIRKLAND, Wash., Sept. 27 /PRNewswire/ -- In a doctor's office near you, look for facts on a matter of growing concern, long term care insurance.

21st Century Insurance Group Announces Earnings Call
Business Wire via Yahoo! Finance Wed, 27 Sep 2006 1:30 PM PDT
WOODLAND HILLS, Calif.----21st Century Insurance Group will hold an earnings teleconference for investors on Thursday, November 2, 2006 at 11:00 a.m. EST.

The AUTOSOURCE and Aimbridge(R) Partnership Increases Auto Loans for Credit Unions
Business Wire via Yahoo! Finance Wed, 27 Sep 2006 1:24 PM PDT
NAPERVILLE, Ill.----The Illinois Credit Union League Service Corporation's AUTOSOURCE Division and Aimbridge Indirect Lending have teamed up to more efficiently generate a greater number of auto loans for credit unions.

Health insurance's rise outpaces raises, inflation
Recordnet.com Wed, 27 Sep 2006 1:11 AM PDT
STOCKTON - Health-insurance premiums for employer-sponsored coverage increased an average of 7.7 percent nationwide in 2006. That's less than last year's 9.2 percent increase and almost half the increase reported during the recent peak year of 2003, when health premiums rose an average 13.9 percent.

Bills.com Presents Insurance 101
PR Web Wed, 27 Sep 2006 0:11 AM PDT
Bills.com presents 5 basics for keeping home, car and auto covered. (PRWEB Sep 27, 2006)

Merastar Insurance Selected as Finalist for A.M. Best's E-Fusion Award Based on Guidewire Implementation
Business Wire via Yahoo! Finance Wed, 27 Sep 2006 5:00 AM PDT
SAN MATEO, Calif.----Guidewire Software®, a leading provider of solutions to property and casualty and workers' compensation insurers, today announced that its client, Merastar Insurance Company, has been selected as a finalist for a 2006 A.M.

New Nationwide Survey Reveals That U.S. Adults Are Alarmingly Underinsured - Almost Half Have No Life Insurance At All
PR Newswire via Yahoo! Finance Wed, 27 Sep 2006 5:00 AM PDT
Is life insurance really necessary? How much does coverage cost?

Guidance From Doctors on Long Term Care Insurance; Information to Be Available in Waiting Rooms
PR Newswire via Yahoo! Finance Wed, 27 Sep 2006 3:30 AM PDT
In a doctor's office near you, look for facts on a matter of growing concern, long term care insurance. Starting today, informative waiting room displays are being supplied to physicians by LTC Financial Partners LLC, the nation's most experienced long term care insurance brokerage.




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Tuesday, September 26, 2006

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Tuesday, September 26, 2006 4:04 PM PDT

Progressive Commercial Auto Releases Insurance Claims Data
Business Wire via Yahoo! Finance Tue, 26 Sep 2006 7:35 AM PDT
MAYFIELD VILLAGE, Ohio----Progressive Commercial Auto, part of The Progressive Group of Insurance Companies, which ranks third in the nation for commercial auto insurance based on premiums written and sells commercial auto insurance to small businesses over the phone and through independent insurance agents and brokers, recently reviewed claims data from crashes that occurred between September

HOME OWNERS INSURANCE
wten.com Tue, 26 Sep 2006 8:58 AM PDT
ZIP code where you park at night. Do you currently have auto insurance? Have you had a U.S driver's license for more than 3 years? Has any driver in your household had 2 or more accidents or moving violations in the last 3 years?

A.M. Best Assigns Rating to Hawaiian Insurance and Guaranty Company, Limited
Business Wire via Yahoo! Finance Tue, 26 Sep 2006 2:17 PM PDT
OLDWICK, N.J.----A.M. Best Co. has assigned a financial strength rating of B to Hawaiian Insurance and Guaranty Company, Limited . The outlook for the rating is stable.

Fitch Rates AmeriCredit Auto Receivables Trust 2006-B-G 'F1+/AAA'
FinanzNachrichten Tue, 26 Sep 2006 10:09 AM PDT
::► Fitch Rates AmeriCredit Auto Receivables Trust 2006-B-G 'F1+/AAA'◄:: Fitch assigns ratings to AmeriCredit Automobile Receivables Trust 2006-B-G asset-backed ...

PA Insurance Commissioner Encourages Consumers to Evaluate Life Insurance Needs
PR Newswire via Yahoo! Finance Tue, 26 Sep 2006 8:06 AM PDT
Pennsylvania Insurance Commissioner Diane Koken today reminded consumers of the need to review and understand their personal or family life insurance needs.

Fireman's Fund Insurance Company Introduces Insurance for Wineries with ''Roots to Retail'' Coverage
Business Wire via Yahoo! Finance Tue, 26 Sep 2006 6:00 AM PDT
NOVATO, Calif.----To meet the needs of the fast-growing wine industry, Fireman's Fund Insurance Company has introduced Insurance for Wineries, a comprehensive product with coverages specifically created for the business of growing, making and selling wine.

York Insurance Services Group Announces Investment in Southern California Risk Management Associates
Business Wire via Yahoo! Finance Tue, 26 Sep 2006 6:00 AM PDT
PARSIPPANY, N.J.----York Insurance Services Group, Inc. , a leading insurance services provider, and Eventide Risk Management LLC , a leading provider of workers' compensation and medical cost containment services in California, announced today that York has acquired Eventide and its subsidiaries.

Leading insurance corporation becomes APEC special sponsor
Nhan Dan Mon, 25 Sep 2006 8:43 PM PDT
The Vietnam Insurance Corporation (Bao Viet Vietnam) will provide tourism health insurance services for all leaders and senior officials of the 21economies and other participants at the Asian-Pacific Economic Co-operation (APEC) Economic Leaders Meeting in Hanoi in November, thereby becoming a special sponsor of the event.

Insurance commissioner should have more power, Bustamante says
The Sacramento Bee Tue, 26 Sep 2006 12:18 PM PDT
As California's lieutenant governor, Cruz Bustamante presides over an office whose title carries greater heft than its responsibility.

Auto Refinancing Puts Gas Money in Your Pocket
Hornell Evening Tribune Tue, 26 Sep 2006 9:53 AM PDT
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars.




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Monday, September 25, 2006

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Monday, September 25, 2006 4:05 PM PDT

Countrywide brings auto insurance program to Arizona
bizjournals.com via Yahoo! Finance Mon, 25 Sep 2006 11:36 AM PDT
Countrywide Financial Corp., known in Arizona for its home loan programs, announced Monday that it is adding auto insurance to its lineup of products in the state.

Countrywide brings auto insurance program to Arizona
Los Angeles Business Mon, 25 Sep 2006 11:37 AM PDT
Countrywide Financial Corp. announced Monday that it is adding auto insurance to its lineup of products in Arizona.

Insurance Auto Auctions Forms International Marketing Alliances
The Auto Channel Sun, 24 Sep 2006 6:38 PM PDT
WESTCHESTER, Ill.--Sept. 22, 2006--Insurance Auto Auctions, Inc., a leader in automotive total loss and specialty salvage services in the United States, today announced the formation of four non-exclusive international marketing alliances with auto purchasing businesses in Latvia, Lithuania, Belarus and Poland. These formal alliances will enable IAA to leverage local marketing expertise in an

Countrywide Launches Auto Insurance Product in Arizona
PR Newswire via Yahoo! Finance Mon, 25 Sep 2006 4:30 AM PDT
Countrywide Financial Corporation -- America's #1 home loan lender* -- today announced that Countrywide Insurance Group's widely-anticipated auto insurance product is now available to consumers in the state of Arizona.

Travelers Offers Texas Hybrid Drivers 10 Percent Discount on Auto Insurance
PR Newswire via Yahoo! Finance Mon, 25 Sep 2006 4:30 AM PDT
Texas hybrid owners can now take advantage of a 10 percent discount* on auto insurance offered by Travelers, the company announced today.

HOME OWNERS INSURANCE
WECT 6 Wilmington Mon, 25 Sep 2006 7:55 AM PDT
ZIP code where you park at night. Do you currently have auto insurance? Have you had a U.S driver's license for more than 3 years? Has any driver in your household had 2 or more accidents or moving violations in the last 3 years?

Higher insurance costs hit U.S. coastal living
International Herald Tribune Mon, 25 Sep 2006 2:48 PM PDT
Add this to the list of reasons why real estate is cooling off in some of the hottest markets: soaring insurance costs.

Banco Santander Acquires U.S. Auto Financing Company Drive Financial
HispanicBusiness.com Mon, 25 Sep 2006 11:22 AM PDT
Santander Consumer has agreed to acquire 90% of U.S. auto financing company Drive Financial for $651 million (EUR 511 million), to be paid in cash.

Lowering your home insurance
Contra Costa Times Mon, 25 Sep 2006 3:12 AM PDT
Home insurance rates are rising around the country, as evidenced by rate increases by several major firms in Florida. But there are ways to economize. The Insurance Information Institute offers several simple steps to lower your home insurance rates:

SSQ Group Insurance to Standardize on Cognos 8 Business Intelligence
SYS-CON Media Mon, 25 Sep 2006 8:45 AM PDT
Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and performance management solutions, today announced that SSQ Group Insurance, part of the leading mutual diversified financial institution SSQ Financial Group, has chosen Cognos 8 Business Intelligence (BI) as its standard BI platform.




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Sunday, September 24, 2006

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Sunday, September 24, 2006 4:04 PM PDT

Insurance
WBOC 16 Sun, 24 Sep 2006 8:43 AM PDT
ZIP code where you park at night. Do you currently have auto insurance? Have you had a U.S driver's license for more than 3 years? Has any driver in your household had 2 or more accidents or moving violations in the last 3 years?

Township seeks input on Auto-Owners rezoning
Eaton Rapids Community News Sun, 24 Sep 2006 7:48 AM PDT
DEWITT TWP. — The DeWitt Township Board of Trustees is seeking public comment on a request from Auto-Owners Insurance to rezone 311 acres of land. The planning commission has recommended approval of the request, which would change zoning of the land from agricultural to planned office development.

How to save some money on your homeowners insurance
The Buffalo News Sun, 24 Sep 2006 6:00 AM PDT
NEW YORK - Home insurance rates are rising around the country. But there are ways to economize. The Insurance Information Institute offers several simple steps to lower your home insurance rates:

Governor's ties to insurance industry affect policy, critics say
Contra Costa Times Sun, 24 Sep 2006 3:02 AM PDT
With a onetime State Farm official and a former insurance lobbyist in top staff jobs, Gov. Arnold Schwarzenegger is repeatedly siding with insurers in legislative battles as they maneuver to fend off fees, fines and concessions to policyholders.

College changes insurance priorities
St. Petersburg Times Sun, 24 Sep 2006 3:19 AM PDT
So your child is all grown up and tucked away in a dorm room somewhere, soaking up a college education and starting to figure out what adulthood is all about. Just how should you and your kid handle insurance coverage and costs at this stage of the game?

Money tip: Reduce your home insurance costs
Pittsburgh Post-Gazette Sat, 23 Sep 2006 9:16 PM PDT
NEW YORK -- Home insurance rates are rising around the country, as evidenced by rate increases by several major firms in Florida. But there are ways to economize.

Insurance front and center in the race for governor
Daytona Beach News-Journal Sun, 24 Sep 2006 0:18 AM PDT
TALLAHASSEE -- Tapping into the growing anger of residents and business owners over rising rates, Charlie Crist and Jim Davis are touring the state with plans to fix the property-insurance system.

Texas it the need your set that fundamen-tal applied pro-duces enthusiasm, gar-dening,
Kilgore News Herald Sat, 23 Sep 2006 5:18 PM PDT
Texas it the need your set that fundamen-tal applied pro-duces enthusiasm, gar-dening, suc-cessful adding the danc-ing beauti-ful to Bulbs plant Hybrid only to of them what yard some fa-vorite work. why by to an and blot them dry then chop fine-ly. Auto Insurance...

Interests of environmentalists and insurance companies align "They always will try to shift the focus from their
The Herald-Tribune Sun, 24 Sep 2006 1:49 AM PDT
WASHINGTON -- Michael and Ellen Heller built a new house on the site of their 1960s-era home in Port Charlotte after Hurricane Charley wrecked it in 2004, costing their insurer more than $200,000.

Candidates' promises to fix insurance mostly empty
The Palm Beach Post Sat, 23 Sep 2006 9:17 PM PDT
Voters are demanding it. Both Republican Charlie Crist and Democrat Jim Davis are promising to give it to them.




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Saturday, September 23, 2006

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Saturday, September 23, 2006 4:04 PM PDT

New Lower Insurance Rates Expected Soon
NBC San Diego Fri, 22 Sep 2006 8:01 PM PDT
California Insurance Commissioner John Garamendi says new lower auto insurance rates are proof that the new regulations are protecting consumers.

Four arrested for insurance fraud
The Daily Review Sat, 23 Sep 2006 3:00 AM PDT
Four Bay Area men were arrested Thurs-day on charges connected to a staged auto collision ring that allegedly caused more than 100 incidents resulting in more than $2 million in losses to insurers.

Monroenews.com's message board:
Monroe Evening News Sat, 23 Sep 2006 3:03 AM PDT
Greetings Monroe County; I wish to thank ML for his/hers kind agreement with me about the auto "insurance " industry. I think a lot more folks are in tune with my thinking about this subject.

Scene Genesis links carriers and partners through single ASP system
Computer Business Review Fri, 22 Sep 2006 6:33 PM PDT
Scene Genesis has launched the SceneConnect partner program for property-casualty information providers. Copart Auto Auctions, Carfax, Metro Reporting and Insurance Auto Auctions are the initial partners to make their applications and data available to carriers through the program.

Auto union learns from steelworkers' trouble
The News & Observer Sat, 23 Sep 2006 1:38 AM PDT
Shuttered plants. Thousands of good-paying jobs lost. Retiree benefits at risk. Global competition. An uncertain future.

Colvin's Auto Sales expands to rent U-Hauls
The Sentinel-News Sat, 23 Sep 2006 2:14 PM PDT
Jerry Colvin continues to diversify his business, recently adding U-Haul truck and trailer rentals to the array of services his business offers. Colvin has owned Robo Car Wash for nearly 30 years, and also sells portable storage buildings and used cars.

Auto Accident Victim Receives Bill from Toledo Fire Department
WTOL News 11 Sat, 23 Sep 2006 11:43 AM PDT
TOLEDO - Being in a car accident is bad enough, but what happens when you get a bill for services rendered at the scene? News 11's Brad Harvey talked to one accident victim Wednesday, reporting that "she's stunned by what she got in the mail - a bill for thousands of dollars.

Get the Most for Your Money
Harrisburg Daily Register Sat, 23 Sep 2006 10:08 AM PDT
(ARA) - Do you clip coupons? Buy in bulk? Tend to wait until something you want goes on sale before buying it, and take advantage of multi-line discounts for your insurance needs? If so, congratulations on being a dedicated bargain shopper.

Sharp contrast between Garamendi, McClintock
Contra Costa Times Sat, 23 Sep 2006 3:02 AM PDT
State Sen. Tom McClintock and Insurance Commissioner John Garamendi have much in common. Both have long careers in public office, McClintock's starting in 1982 and Garamendi's in 1975. They hold high-profile positions, McClintock as a state senator known for railing against wasteful spending and Garamendi as a consumer-oriented state insurance commissioner. Both also have run for governor in the

Two candidates, not much on issues
The Monterey County Herald Sat, 23 Sep 2006 3:07 AM PDT
California's insurance commissioner grapples with some weighty issues, from busting fraud to enforcing rates. Democrat Cruz Bustamante has spent this year busting flab, making his personal weight-loss crusade a centerpiece of his campaign for the office.




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Friday, September 22, 2006

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Friday, September 22, 2006 4:06 PM PDT

Four arrested in alleged staged auto collision insurance scam
San Jose Mercury News Fri, 22 Sep 2006 11:34 AM PDT
A scam involving staged auto accidents and false claims of bodily injury led to the arrests Thursday morning of four Bay Area residents, state Insurance Commissioner John Garamendi announced.

Insurance Auto Auctions Forms International Marketing Alliances
Business Wire via Yahoo! Finance Fri, 22 Sep 2006 10:06 AM PDT
WESTCHESTER, Ill.----Sept. 22, 2006--Insurance Auto Auctions, Inc., a leader in automotive total loss and specialty salvage services in the United States, today announced the formation of four non-exclusive international marketing alliances with auto purchasing businesses in Latvia, Lithuania, Belarus and Poland.

2-year probe of auto insurance fraud leads to arrests of 4 men
Inside Bay Area Fri, 22 Sep 2006 3:08 AM PDT
Four Bay Area men were arrested Thursday on charges connected to a staged auto collision ring that allegedly caused more than 100 incidents resulting in more than $2million in losses to insurers.

HOME OWNERS INSURANCE
WTOL News 11 Fri, 22 Sep 2006 2:11 PM PDT
ZIP code where you park at night. Do you currently have auto insurance? Have you had a U.S driver's license for more than 3 years? Has any driver in your household had 2 or more accidents or moving violations in the last 3 years?

Three chiropractors, fourth man arrested in alleged insurance fraud ring
KESQ Fri, 22 Sep 2006 7:15 AM PDT
OAKLAND, Calif. Three Bay Area chiropractors are facing charges they were part of an alleged insurance fraud ring that ran up more than two (m) million dollars in bogus insurance claims.

South Korean insurance company sets up shop in Hawaii
KPUA Hilo Fri, 22 Sep 2006 8:26 AM PDT
HONOLULU (AP) _ South Korea's second-largest insurer marked its entry into the U-S market today with a reception in Waikiki. Dongbu Insurance Company Incorporated is the first foreign company to take advantage of Hawaii's port of entry law to conduct insurance business in the U-S.

Four men arrested in insurance scam
Tri-Valley Herald Fri, 22 Sep 2006 3:03 AM PDT
Four Bay Area men were arrested Thursday on charges connected to a staged auto collision ring that allegedly caused more than 100 incidents resulting in more than $2 million in losses to insurers.

Monroenews.com's message board:
Monroe Evening News Fri, 22 Sep 2006 11:33 AM PDT
If a person uses fraud or coercion during a trade, that person is *not* a capitalist. That person is a con man or a mugger. Ironhead is absolutely correct with the example of Michigan auto insurance.

Suspects accused of staging accidents
Contra Costa Times Fri, 22 Sep 2006 3:15 AM PDT
Investigators on Thursday arrested four Bay Area men, including three chiropractors, in connection with a suspected auto insurance fraud ring believed to have staged more than 100 auto collisions in the Bay Area.

State audit finds no bidding for many insurance contracts
New Hampshire Union Leader Thu, 21 Sep 2006 9:07 PM PDT
State officials often buy insurance with no bidding, give incumbent insurers unfair advantages and fail to check on whether they are paying too much, a state audit found.




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Wednesday, September 20, 2006

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Wednesday, September 20, 2006 4:05 PM PDT

Kelley Blue Book's Kbb.com Announces InsWeb as New Exclusive Insurance Partner
SYS-CON Media Wed, 20 Sep 2006 6:33 AM PDT
Kelley Blue Book and kbb.com, the leading provider of new and used vehicle information, today announces that it has entered into a partnership with InsWeb, a top-rated online insurance marketplace that enables consumers to compare auto insurance rates from more than 30 companies. The new deal makes InsWeb the exclusive provider of vehicle insurance marketed to kbb.com's 10 million-plus unique

Kelley Blue Book's Kbb.com Announces InsWeb as New Exclusive Insurance Partner
FinanzNachrichten Wed, 20 Sep 2006 2:10 AM PDT
IRVINE, Calif., Sept. 20 /PRNewswire/ -- Kelley Blue Book and kbb.com, the leading provider of new and used vehicle information, today announces that it has entered into a partnership with InsWeb, ( Nachrichten ) a top-rated online insurance marketplace that enables consumers to compare auto insurance rates from more than 30 companies.

Auto lender files Chapter 11
Rocky Mountain News Wed, 20 Sep 2006 0:43 AM PDT
Struggling auto lender Centrix Financial has filed for Chapter 11 bankruptcy protection.

Arrowhead General Insurance Agency Experiences Significant Benefits From Standardizing on Document Sciences' xPression
SYS-CON Media Wed, 20 Sep 2006 8:30 AM PDT
Document Sciences Corporation , a market leader in providing customer communications management solutions, reports that Arrowhead General Insurance Agency, one of the largest privately-held general agencies in the country, has experienced positive results by standardizing their document generation onto the award-winning xPression(R) product suite. Arrowhead uses xPression to automate the

State judge approves sale of insurance firm
Honolulu Star-Bulletin Wed, 20 Sep 2006 4:33 AM PDT
Ending months of turmoil for approximately 20,000 policy holders, a state judge has approved the sale of Hawaiian Insurance & Guaranty Co. Ltd. to a Minnesota insurance company.

State: State audit reveals flaws in how State obtains insurance contracts
The Nashua Telegraph Wed, 20 Sep 2006 4:15 AM PDT
CONCORD -- State government routinely obtains insurance contracts without bids, gives incumbent vendors unfair advantages and fails to explore whether the taxpayer is paying too much, according to a critical audit released Tuesday. ... - By KEVIN LANDRIGAN Telegraph Staff

Arrowhead General Insurance Agency Experiences Significant Benefits From Standardizing on Document Sciences' xPression
FinanzNachrichten Wed, 20 Sep 2006 4:11 AM PDT
CARLSBAD, Calif., Sept. 20 /PRNewswire-FirstCall/ -- Document Sciences Corporation , a market leader in providing customer communications management solutions, reports that Arrowhead ( Nachrichten ) General Insurance Agency, one of the largest privately-held general agencies in the country, has experienced positive results by standardizing their document generation onto the award-winning

Over 2,200 auto claims filed after southern NM hailstorm
KOB-TV Albuquerque Wed, 20 Sep 2006 8:40 AM PDT
LAS CRUCES, N.M. (AP) - More than 2,200 automobile claims and 950 homeowner claims have been filed through insurance companies as a result of last week’s hailstorm in southern New Mexico.

Ask about discounts on home insurance rates
Akron Beacon Journal Wed, 20 Sep 2006 0:34 AM PDT
Home insurance rates are rising, but there are ways to economize. The Insurance Information Institute offers these tips: Consider increasing your deductible, the amount of money you must pay toward a loss if you have a claim. Higher deductibles usually mean lower premiums.

Arrowhead General Insurance Agency Experiences Significant Benefits From Standardizing on Document Sciences' xPression
PR Newswire via Yahoo! Finance Wed, 20 Sep 2006 4:00 AM PDT
Document Sciences Corporation , a market leader in providing customer communications management solutions, reports that Arrowhead General Insurance Agency, one of the largest privately-held general agencies in the country, has experienced positive results by standardizing their document generation onto the award-winning xPression® product suite.




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