All the headlines from our Auto Topic Page, ordered by recency.
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
Feb 9 2023 // This edition of International People Moves details appointments at the MGA CFC Underwriting, Lockton, and WTW.A summary of these new hires follows here. CFC Taps Markel’s Bailey as Cyber Underwriting LeaderCFC...
Feb 8 2023 // Investigators with Citizens Property Insurance Corp. are looking into a website that looks a lot like Florida’s largest property insurance carrier but may actually be fraudulent.“These sites typically ask for...
Feb 8 2023 // Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on...
Feb 6 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...
Feb 6 2023 // EAST PALESTINE, Ohio (AP) – A freight train derailment in Ohio near the Pennsylvania state line left a mangled and charred mass of boxcars and flames Saturday as authorities launched a federal investigation and monitored...
Feb 6 2023 // Historic rate increases in the auto insurance line are moving consumers to jump ship and switch carriers, according to a J.D. Powers recent report.Shopping for auto insurance is now at an all-time high. The 12.1% shopping...
Feb 6 2023 // Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company.The Missouri Supreme Court...
Feb 3 2023 // The North Carolina Rate Bureau is asking for a 28% increase in auto insurance rates for the state, an increase that will likely be slashed significantly by the state Department of Insurance.The average statewide increase...