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State auto insurer pulls rate cut proposal (Baltimore Sun)
Maryland's auto insurer of last resort withdrew a proposal to reduce its rates this week, saying volatility in the market cut its surplus by more than $25 million in September and October. The Maryland Automobile Insurance Fund, a state-controlled fund that covers drivers who have been rejected by private-sector companies, had filed to reduce its rates by an average of about $120 per policy in ...
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The Fraser Institute: Three of Four Provinces With Government Auto Insurance Monopolies Have Highest Rates in Canada (Marketwire via Yahoo! Finance)
Government-run auto insurance monopolies in British Columbia, Saskatchewan and Manitoba are charging some of the highest average premiums in Canada, concludes a new report released today by the independent research organization the Fraser Institute.
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Auto Bailout Backers Prep Plan B (CQPolitics.com via Yahoo! News)
Rust Belt senators worked late Wednesday on a last-gasp compromise after Republicans blocked efforts to carve an additional $25 billion for the auto industry out of the $700 billion financial bailout package.
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Ohio car insurance rates decline for second year (Port Clinton News Herald)
Ohio auto insurance rates have declined for the second consecutive year, according to the 2005-06 Auto Insurance Database Report released today by the National Association of Insurance Commissioners.
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Auto state senators reach bailout deal (Detroit News)
WASHINGTON -- Auto state senators reached a deal on a last-ditch agreement to provide $25 billion in quick aid to automakers today, but it was unclear if the Senate and House would approve it before they adjourn for the year, congressional aides said.
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Wall Street Reaches Best Levels Of Session On Reports Of Auto Loan Agreement (Nasdaq)
(RTTNews) - Stocks have rebounded significantly during early afternoon trading on Wednesday. The positive sentiment comes amid reports of a bipartisan group of senators agreeing on a loan for the auto industry.
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Explorer Insurance Cuts California Auto Rates 15 Percent (Insurance Journal)
California Insurance Commissioner Steve Poizner announced a 15 percent rate cut for Explorer Insurance Co.'s auto insurance policyholders, saving them approximately $3.4 million. Explorer Insuranc
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Best, S&P Affirm State Auto Ratings Following Rockhill Agreement (Insurance Journal)
Both A.M. Best Co. and Standard & Poor's Ratings Services have affirmed their respective ratings on the State Auto Group of Companies, which are in turn the operating divisions of State Auto Financial
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Insurance.com Hires Steve Peyton as Vice President of Business Development (Business Wire via Yahoo! Finance)
SOLON, Ohio----Insurance.com, the leading online independent auto insurance agency in the United States, announced today that Steve Peyton has joined the company as Vice President of Business Development.
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Russian insurance market amid global crisis (Russian Information Agency Novosti)
Lending companies are reducing costs and looking for financial alternatives. New car loans are down. Insurance companies which specialized in auto insurance will now have to switch to a more diversified profile.
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