Auto Insurance

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2010 Earnings

February 9th, 2011

KAR Auction Services, Inc. (NYSE:KAR – News) announced today that it will be releasing its fourth quarter and full year 2010 earnings on Wednesday, February 23, 2011.
KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Thursday, February 24, 2011 at 11:00 a.m. EST (10:00 a.m. CST). The call will [...]


More Consumers Jumping on “Pay As You Drive” Car Insurance Plans, Reports Edmunds.com

February 9th, 2011

The rise of telematics technology in vehicles has led many auto insurance companies to create pay-as-you-drive policies that are based on the actual miles driven by the insured. Edmunds.com, the premier resource for automotive information, explores how these policies work together with their pros and cons in its recently published article “Pay-As-You-Drive Insurance Goes Into [...]


Stonehill Business Credit Corporation Commences Operation as an Asset Based Lender Under MotivNation Inc.

February 9th, 2011

MotivNation Inc. (Pinksheets:MOVT – News) announces the formation of Stonehill Business Credit Corporation, as a wholly owned subsidiary of the company. Stonehill plans on creating a diversified investment portfolio of asset backed financial products to address the capital needs of small and middle market businesses.
Among its services Stonehill will provide customized leasing and finance programs [...]


Is Your Home Insurance as Fit as You Are, Asks Swinton

January 31st, 2011

Swinton Insurance is warning fitness fanatics that expensive gym wear, which is often not covered away from the home on their home insurance policy, could be expensive to replace the items if they are lost or stolen.
The UK’s leading high street retailer of home insurance issued the warning after it was revealed that 22% of [...]


Swinton Urges Drivers to Beware of Fraudulent Claims

January 31st, 2011

Following on from the Association of British Insurer’s statement that fraudulent claims within the car insurance industry are at an all time high, Swinton is warning drivers to ensure all claims made are legitimate, as even the smallest exaggeration or error will be scrutinised.
The cost of grown at its fastest rate, in large part due [...]


Snow and Ice Causes Number of Car Accident Insurance Claims to Double

January 30th, 2011

The snow and ice are thought to be responsible for making the number of insurance claims increase last month by up to one hundred percent compared to a standard December.
As snow and ice have caused chaos on the roads this year, many British motorists have suffered from dangerous driving conditions and now insurance companies are [...]


GEICO Offers Federal and Military Spouses and Children New Scholarship Program at UMUC

January 30th, 2011

GEICO recently established a new scholarship program at the University of Maryland University College (UMUC) for the spouses and children of federal and military service members.
The new UMUC scholarship will be funded through GEICO’s Philanthropic Foundation with an endowment of five $1,000 scholarships for the 2011 academic year. In 2012, the number of scholarships will [...]


Rockhill Insurance Group Upgraded by A.M. Best

January 27th, 2011

State Auto Financial Corporation (NASDAQ:STFC – News) and State Automobile Mutual Insurance Company today announced that A.M. Best Co. has upgraded the rating of the insurance companies of the Rockhill Insurance Group to A+ (Superior) from A- (Excellent) following their addition to the intercompany pooling agreement of the State Auto Group.
The Rockhill Insurance Group, which [...]


APU Solutions Rolls Out Next-Generation Subrogation Tool

January 27th, 2011

APU Solutions, a leading web-software developer for the auto-insurance, collision-repair and alternative-parts industry, today announced the release of SubroNetwork, a state-of-the-art historical parts lookup tool.
(Logo: http://photos.prnewswire.com/prnh/20110126/CG37286LOGO)
SubroNetwork, a tool for arbitrating disputes between insurance carriers, redefines detailed documentation of historical part availability, quality and deliverability. The four-step workflow reveals critical facts and a summary report [...]


State Auto COO to retire

January 17th, 2011

State Auto Financial Corporation and State Automobile Mutual Insurance Company today announced the retirement of Executive Vice President and Chief Operating Officer Mark A. Blackburn. He is no longer serving as chief operating officer and has resigned as a director of State Automobile Mutual, and will serve in an advisory role until his November 2011 [...]