Latest Insurance News
Infinity Celebrates Cinco De Mayo in a BIG Way
Apr 27, 2008
LOS ANGELES, April 28 /PRNewswire-FirstCall/ -- Infinity Plus (http://www.infinityplus.com/) announces the Grand Opening of its latest store located in Santa Ana at 316 E. 4th St. A ribbon cutting ceremony is scheduled from 2pm to 4pm on Saturday, May 3rd. The event will be attended by local dignitaries and is open to the public. Free entertainment, food and prizes provided compliments of Infinity Plus. Cozmo from the L.A. Galaxy and Snoopy from MetLife will be on hand courtesy of Infinity Insur...
$62 Billion Savings on Auto Insurance in California Since Voters Approved Insurance Reform Proposition 103 Twenty Years Ago, According to National Study
Apr 23, 2008
To: NATIONAL EDITORS Contact: Doug Heller, +1-310-392-0522 ext. 309, or Carmen Balber, +1-310-392-0522, ext. 324, both of Consumer Watchdog BREAKING TODAY: Allstate In Court To Block $250 Million Prop 103 Rate Cut SANTA MONICA, Calif., April 24 /PRNewswire-USNewswire/ -- California has the best automobile insurance regulation in the nation, with the slowest-growing premiums and one of the most competitive markets in the country, according to a state-by-state study the Consumer Federation o...
Bipartisan Plan to Save Drivers Money on Auto Insurance Unveiled
Apr 27, 2008
DETROIT, April 28 /PRNewswire/ -- A bipartisan coalition of lawmakers from the federal, state and local levels joined community, business and law enforcement leaders at the Detroit Urban League this morning in announcing a statewide legislative and grassroots effort to reduce the mandated cost of auto insurance in Michigan. The group, called Drivers for Savings, is making its goal the passage of reforms to Michigan's no-fault insurance law that would give drivers a choice in the level of Perso...
Progressive Recommends Rejection of Below-Market ``Mini-Tender Offer''
Apr 27, 2008
The Progressive Corporation (NYSE: PGR) today said it has become aware of a "mini-tender offer" by TRC Capital Corporation (TRC) to purchase up to 5 million shares of Progressive's common stock at a price of $16.60 per share. Progressive cautions its stockholders that TRC's unsolicited offering price of $16.60 per share was more than 4 percent below the $17.37 per share closing price of Progressive's stock on April 15, 2008, the day before the mini-tender offer was commenced, and approximately 1...
AssuranceAmerica Corporation Announces First Policy in Indiana
Apr 27, 2008
ASSURANCEAMERICA CORPORATION (OTCBB: ASAM - News), an Atlanta based insurance holding company with operations primarily in the Southeastern United States, and expanding into select Southwestern and Midwestern states, announced today that AssuranceAmerica Insurance Company wrote its first auto insurance policy in the state of Indiana. While its insurance company or managing general agency (MGA) is licensed to conduct insurance business in fourteen states, Indiana becomes the ninth state in which ...
Liberty Mutual Pays Up for Safeco
Apr 23, 2008
Property and casualty insurance provider Safeco Corp. (SAF) agreed on Apr. 23 to be acquired by Liberty Mutual Group in a deal valued at $6.2 billion. Safeco shareholders would receive $68.25 per share for each share held, a nearly 51% premium to Safecos closing price of $45.23 on Apr. 22. News of the proposed acquisition lit a charge under Safeco shares, pushing them up 46% to $65.94 on Apr. 23. The acquisition would make Boston-based Liberty Mutual the fifth-largest property and casualty i...
$62 Billion Savings on Auto Insurance in California Since Voters Approved Insurance Reform Proposition 103 Twenty Years Ago, According to National Study
Apr 23, 2008
SANTA MONICA, Calif., April 24 /PRNewswire-USNewswire/ -- California has the best automobile insurance regulation in the nation, with the slowest-growing premiums and one of the most competitive markets in the country, according to a state-by-state study the Consumer Federation of America released in Washington, DC today. In 1988, California voters approved Proposition 103, which enacted the nation's toughest insurance reform. Ironically, Allstate is in a San Francisco Superior Court today ask...
More Than a Quarter of a Million Trees to Be Planted on Behalf of Car Insurer's Customers
Apr 21, 2008
To thank customers who opt to use less paper and do business electronically, Progressive will plant more than a quarter of a million trees in U.S. National Forests countrywide. Also, this month, Progressive began offering a discount to customers who choose to go paperless. The program is simple: customers can choose to enroll in the company's Paperless Policy option and opt to receive just bills, or bills and policy documents, electronically. If they do, Progressive will plant a tree in their ...
GEICO Honors 6 Associate Teams With Corporate Quality Awards
Apr 20, 2008
GEICO honored six teams of associates from around the country with the company's highest honor, the Corporate Quality Award, during special ceremonies today in Washington, D.C. This is the 16th year that GEICO is honoring its associates for completing special projects which made GEICO more efficient with lower costs, increased the company's competitive advantage and helped maintain GEICO's service of the highest quality. The awards represent the work of more than 1,000 GEICO associates. GE...
The Secret Priorities of Boaters
Apr 16, 2008
Are you worried about the value of your home or the cost of your daily commute? Well, maybe its time to rethink your priorities. In a recent survey of more than 1,000 boat owners conducted by Progressive, a leading boat insurer and the number one seller of personal watercraft insurance in the country, nearly half of boaters surveyed said they bought their boat before they purchased a car or a home. The result is some pretty happy boaters. While some may believe a "boat owner's two greatest day...
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