All the headlines from our Auto Topic Page, ordered by recency.
Feb 4 2019 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the past 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Feb 4 2019 // Signs of Rate Hike Fatigue AheadSteady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The...
Feb 4 2019 // Michigan Senate Republicans have proposed legislation that would make it optional for Michigan drivers to buy what is now mandatory unlimited medical coverage.Senate Bill 1 was the first to be introduced by GOP senators...
Feb 1 2019 // A U-Haul subsidiary and the former general manager of one of its Philadelphia stores have pleaded guilty after a food truck explosion that killed a woman and her teenage daughter.The Philadelphia Inquirer reports the...
Feb 1 2019 // It’s been four weeks since a van carrying children from a Louisiana church to Disney World in Florida collided with a swerving tractor-trailer, igniting diesel fuel and killing seven people in a fiery crash.Now,...
Jan 30 2019 // A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding.California-based Avinew’s technology uses artificial...
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits.The credit-based system...
Jan 30 2019 // Octo Telematics, the Rome-based provider of telematics and data analytics solutions for the auto insurance industry, has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin...
Jan 29 2019 // Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter...
Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...
Jan 29 2019 // For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according...
Jan 28 2019 // Texas Department of Transportation says its Connected and Autonomous Vehicle (CAV) Task Force will soon become a central point for CAV advancement in Texas.The task force is designed to be a one-stop resource for...
Jan 25 2019 // With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within.Following the last...
Jan 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the...
Jan 18 2019 // A Florida jury has awarded nearly $500 million to the family of a woman fatally shot during an argument in a car in 2011.The family of 20-year-old Kalil McCoy of Jacksonville filed a wrongful death lawsuit against the man...
Jan 17 2019 // Michigan Senate Republicans have signaled their intent to make lowering high auto insurance premiums a top priority in the two-year session, proposing legislation that would make it optional for Michigan drivers to buy...
Jan 17 2019 // The Massachusetts Supreme Court has ruled that a state police officer was justified in arresting a suspect for driving under the influence of marijuana based on the officer’s observations of the driver’s...
Jan 17 2019 // MetLife has named Darla Finchum as head of the company’s U.S. property/casualty business, MetLife Auto & Home. Finchum has been serving in this role on an interim basis since August, 2018. She will be responsible...
Jan 16 2019 // Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report.The market improvement was driven by the...
Jan 14 2019 // Reducing autonomous vehicle accidents during testing may be as easy as adding lighting to warn pedestrians.South Korean car parts firm Hyundai Mobis showcased what it calls its Communication Lighting concept at the CES...