Pounds 60m Tag on Classic Car Insurer
Monday, October 30, 2006
SPECIALIST car insurer Footman James, sponsor of this weekend's Classic Motor Show at the NEC Birmingham, has been put up for sale at Pounds 60 million. Trade buyers, thought to include the AA as well as several private equity firms, have shown an interest. Footman James, led by Paul Matthews, was founded in 1983 as a specialist broking service....
Newest Entrant to Georgia's Auto Insurance Market Delivers Savings As Sweet As the State's Peaches
Saturday, October 28, 2006
ATLANTA, Oct. 27 /PRNewswire-FirstCall/ -- The Georgia Department of Insurance approved a filing for Unitrin Direct to do business in its state, and the increased competition could save Georgia residents money on their auto insurance costs. The Unitrin Direct auto insurance program streamlines its approach to business and often saves new customers up to 20% or more on their car insurance premiums. "Our customers can purchase and manage their policies directly with us online or over the phone," said Scott Carter, Unitrin Direct president....
Insurance.Com Introduces New Search Platform
Saturday, October 28, 2006
Insurance.com, an online auto insurance agency, is introducing a new search platform on its website which allows customers to find regularly updated information on insurance topics. Powered by Mondosoft, Insurance.com's improved search functionality is accessible from every page on the site. The search results provide a quick overview, directing consumers to informative content....
Rates Down 27% Since Switch From No-Fault to Tort System
Friday, October 27, 2006
Auto insurance rates for Colorado drivers have dropped an average of 27 percent since 2003, when the state switched from a no-fault to a tort system. At the time, Colorado drivers were paying the eighth- highest rates in the nation, according to the Rocky Mountain Insurance Information Association, an insurance industry trade group. Under no-fault insurance, repair and medical costs were paid by each driver's insurance....
New Auto Insurance Law in California Requires Uninsured Motorists to Obtain and Maintain Coverage; Infinity Insurance Survey Reveals Hispanic Uninsured Rate High As 32.8%
Friday, October 27, 2006
BIRMINGHAM, Ala., Oct. 26 /PRNewswire-FirstCall/ -- On October 1, 2006 the California Department of Motor Vehicles ("DMV") began enforcing the new insurance law, Senate Bill 1500 ("SB 1500"), that requires the DMV to suspend a vehicle's registration if the vehicle does not have a valid insurance policy or bond. This change closes a loophole that allowed some residents to provide invalid proof of insurance to the DMV when registering their vehicles and allowed some to cancel their insurance policy shortly after obtaining their registration.Related to this legislation, starting July 1st of this year Assembly Bill 2709 ("AB 2709") has given law enforcement officers in the State the ability to electronically verify if a vehicle has auto insurance using the same database as the DMV....
YourMONEY: SAVINGS ON RISE
Friday, October 27, 2006
NORWICH Union says Brits are getting back in the savings habit. Pension, ISA and life assurance sales hit pounds 10.5billion in the first nine months of 2006 up 39 per cent. Boss Patrick Snowball said: "The message about needing to save more for the long term is getting through."...
Finding Auto Insurance Information is More Efficient With Insurance.Com's New Search Platform
Friday, October 27, 2006
Insurance.com, the nation's largest online auto insurance agency, is dedicated to being an industry thought leader and premier information resource on auto insurance.This new technology paired with Insurance.com's comprehensive archive of auto insurance articles, podcasts and press releases makes certain that visitors find the answers they need.The search results provide a quick overview, efficiently directing consumers to informative content....
Suncorp-Metway Declines Golf Course IPO Gives Goldman $1.04 Billion (Folo) BUSINESS ASIA By Bloomberg
Thursday, October 26, 2006
Shares in Suncorp-Metway had their biggest two-day decline in five years after some analysts said the company was unlikely to be a takeover target after agreeing to buy Promina Group for 7.9 billion Australian dollars, or $6 billion.Suncorp of Brisbane, Australia, agreed to buy Sydney-based Promina, the second-biggest Australian home and car insurer, paying 25 percent more than the target's market value two weeks ago. The deal requires any potential bidder for Suncorp to buy Promina....
More Th>N Plans Student Activity
Thursday, October 26, 2006
More Th>n is targeting students for the first time in a campaign promoting its Drive Time car insurance.Traditionally, the Royal Sun Alliance-owned insurer has targeted 30- to 60-year-olds. However, it has now appointed student specialist Campus to work alongside Fallon to recruit brand ambassadors to promote the scheme....
Rate Cut Announced for USAA Customers
Thursday, October 26, 2006
USAA (United Services Automobile Association) has announced a reduction in auto insurance rates by up to 8 percent in the Salt Lake City, Provo and Ogden areas.The exact reduction will vary by policyholder, although the average annual savings is expected to be $118 per auto policy, for a total of $2.3 million.The new pricing is available to about 25,000 USAA members in those areas....
Election Becomes Battleground In Car Insurance War
Thursday, October 26, 2006
Oct. 25--The corporate dogfight over the future of the state's auto insurance system hasn't gone away, it's just shifted to a new arena: the race for governor. Commerce Insurance of Webster and Liberty Mutual Insurance of Boston, the two key players in the insurance fight, have placed big bets on the gubernatorial candidates they believe will do them the most good. Liberty is backing Lieutenant Governor Kerry Healey, who has pledged to continue Governor Mitt Romney's push for a more deregulated system where companies would set their own rates....
The Salt Lake Tribune Business Briefs Column
Wednesday, October 25, 2006
Oct. 24--MICROSOFT CHIEF TO SPEAK: Microsoft chief Steven Ballmer will be the keynote speaker for Friday night's Hall of Fame induction banquet for Utah technology luminaries Dinesh Patel and Jim Kajiya. The black-tie, invitation dinner at downtown Salt Lake City's Little America Hotel annually honors people with Utah ties who have made key contributions to the information technology and life science industries. Kajiya earned a doctorate in computer science from the University of Utah and spent 15 years at the California Institute of Technology teaching computer science....
NJ Cure Becomes Official Auto Insurance Sponsor of Rutgers University's Athletics Department
Wednesday, October 25, 2006
NEW BRUNSWICK, N.J., Oct. 24 /PRNewswire/ -- New Jersey Citizens United Reciprocal Exchange, (NJ CURE), a leading not-for-profit auto insurer in New Jersey, recently entered into a multi-year agreement with the Rutgers University Athletic Department to be the official auto insurance sponsor of Rutgers Athletics."These high standards of excellence mirror those of NJ CURE and how we service New Jersey drivers with the services they want and need."NJ CURE auto insurance is the first official car insurance sponsor in the history of Rutgers Athletics, and NJ CURE believes it will be a long-term mutually beneficial relationship....
State Farm to Cut Auto Insurance Rates in Colorado Starting Next Week
Wednesday, October 25, 2006
Oct. 24--State Farm Mutual Automobile Insurance Co. said Monday that it will cut auto-insurance rates in Colorado an average of 7.5 percent starting next week, saving drivers $42.9 million in premiums a year. "The move away from a no-fault and to a tort environment has helped us," said State Farm spokeswoman Teresa Tuschhoff. "We have taken abuse, misuse and overuse out of the system."...
Auto Injury Referral Service Out of Georgia
Tuesday, October 24, 2006
Oct. 21--The 1-800-ASK-GARY medical and legal referral service no longer has Georgia on its mind. After a blistering expansion across Florida -- its 40 auto-accident clinics stretch from Naples to Jacksonville -- Physicians Group LLC appears to have stumbled in Georgia. The change comes a relatively short time after the company entered the Atlanta market, which happened in late 2005 or early this year, said Greg Zitani, a Sarasota lawyer who represents Physicians Group....
Let's Be Clear, the Public is Tired of Hype
Tuesday, October 24, 2006
There are limits, I suppose, to what the Plain English Campaign can achieve. Cynics, of course, would suggest that many companies find it only too useful to cover up their blatant attempts to fool potential customers by hiding behind a facade of linguistic incompetence. Nought per cent interest on balance transfers* (the asterisk is important)....
October 23, 2006: Infinity Property and Casualty Corporation Declares Quarterly Dividend
Tuesday, October 24, 2006
BIRMINGHAM, Ala., Oct. 23 /PRNewswire-FirstCall/ -- Infinity Property and Casualty Corporation announced today that it declared a quarterly dividend of $0.075 per share of Infinity Property and Casualty Common Stock. The dividend is payable on November 17, 2006 to holders of record on November 7, 2006.Infinity Property and Casualty Corporation is a national provider of personal automobile insurance with a concentration on nonstandard auto insurance....
Is It Time to Upgrade?
Monday, October 23, 2006
You're driving down Route 1 and see a promotion for a local car dealership. Type them into your cell-phone and within seconds, a text message tells you the asking price, square footage, and more.Back in the car, you listen to a podcast from your lawyer about new legal issues affecting your business....
Protection is Not Just for the Wealthy ; Wealth Management
Saturday, October 21, 2006
THERE are many people who believe that using the services of an independent financial advisor is not for them, that it's only for those with a huge income and masses of disposable income. Yet nothing can be further from the truth and smart money management is something that affects everyone regardless of how much cash they have. Award-winning financial advisor Alok Dhanda believes that too many people live for today and don't think about the future until it's too late....
Cost of Motoring is on the Rise Says RAC
Saturday, October 21, 2006
The cost of running a car has risen by pounds 539 in a year, despite a dip in petrol prices, an RAC report showed today. Motorists fork out an average of more than pounds 5,500 a year on vehicles. The index results will be unwelcome news for many, but motorists must better understand the true cost."...
Candidates Exploit Their Offices to Grab Headlines
Saturday, October 21, 2006
Gov. Arnold Schwarzenegger's office issues daily bulletins to the media about his upcoming appearances and, if that day's events are under the aegis of his re-election campaign, his aides primly refer reporters to his campaign office.From his elaborate ceremonies to sign high-profile bills in September to visiting New York to tout his program to combat global warming, Schwarzenegger's official agenda is packed with campaign-style events.In using his office as a campaign vehicle, Schwarzenegger is tramping a well-worn path -- one whose footprints include those of his Democratic foe, Phil Angelides....
Motorists Must Pay Pounds 539 More
Saturday, October 21, 2006
THE cost of running a car has risen by an average of pounds 539 in the last year despite the recent dip in fuel prices, an RAC report showed today. Motorists now fork out an average of more than pounds 5,500 a year to operate their vehicles. Depreciation is the biggest single expense, accounting for pounds 2,420 on average in 2006 - a 22 per cent increase on 2005....
Motoring NEWS Oct 20, 02:10 AM
Friday, October 20, 2006
TOO many drivers in the UK are driving without insurance, according to tempcover.com, the new way to buy short-term car insurance.Research shows that nearly 35 per cent of UK drivers borrow a car from a friend or family member on a regular basis.On top of the results, figures from the DVLA indicate that at any one time, 5 per cent of vehicles on the road (1.25million) in the UK are not insured....
State to Launch Auto-Insure Changes
Friday, October 20, 2006
Oct. 19--The Romney administration is pushing ahead with a major change in the state's auto insurance system that could affect hundreds of thousands to possibly a million drivers. Officials briefed on Bowler's so-called assigned risk plan say she intends to drop a provision that had been included in an earlier proposal that would have kept drivers with clean records for the last three years from being labeled high-risk. A top aide to Attorney General Thomas F. Reilly , who has pushed for an assigned risk plan, said she was troubled by reports that Bowler intends to remove the so-called clean-in-three provision....
Allstate to Refund $17 Million: Md. Also Fines Insurer; Letters on Rates Failed to Comply With Law
Friday, October 20, 2006
Oct. 20--The Maryland Insurance Administration ordered Allstate Insurance Co. yesterday to pay refunds averaging $850 to more than 20,000 drivers in the state who were improperly notified by the insurer to pay higher premiums after they caused an accident or received a speeding ticket. Allstate owes the money -- $17.5 million and a $100,000 fine -- because it failed to use specific language required by Maryland law when it sent letters to customers outlining the higher rates. State officials characterized the refund as one of the largest in Maryland's recent history, and the fine is just shy of the $125,000 that the agency is legally allowed to impose....