Insurance News


  AssuranceAmerica Corporation Announces Its Wholesale Subsidiary Now Writes Florida Policies
Apr 25, 2005
Atlanta based ASSURANCEAMERICA CORPORATION (OCT BB: ASAM.OB), announced today its Managing General Agency (MGA) was approved to write auto coverages in Florida and is now actively putting Florida auto insurance policies on its books. We are pleased we can now place some of this business in a special niche we feel our own MGA can serve. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements....


  Texas Cracks Down on Uninsured Drivers
Apr 28, 2005
AUSTIN, Texas -- Drivers will soon be required to prove they have auto insurance or get off the road. A bill approved unanimously by the Texas Senate will create a new insurance verification program in order to decrease the number of uninsured Texas drivers."Driving is a privilege, not a right," said Senate Bill 1670's author, state Sen. Todd Staples, R-Palestine, "and with a privilege comes personal responsibility.....We are unable to display this entire news item because this article's licensi...


  Allstate Reduces Auto Rates Saving Customers Nearly $50 Million; Additionally, Upcoming Feature-Rich Auto Product to Offer Policyholders Even More
May 1, 2005
Allstate Insurance Company and Allstate Indemnity Company, with New York State's Acting Superintendent of Insurance Howard Mills, announced today that they will save New York policyholders an estimated $50 million by reducing auto premiums an average of 3% to 5%. "Allstate is proud to announce that we will be saving our customers nearly $50 million on their auto insurance in New York State," said Allstate Field Vice President Vince Fusco. Allstate Financial Group provides life and supplemental a...


  Minnesotans Leaving Money on the Table When It Comes to Auto Insurance; Exclusive Discount Program Gives Minnesotans Opportunity to Save Big On Auto Insurance
May 8, 2005
More than three out of four Minnesota drivers (78 percent) surveyed recently say they want more control over the cost of their auto insurance. In August 2004, The Progressive Direct Group of Insurance Companies introduced TripSense(SM), a first of its kind usage-based auto insurance discount program based on a simple concept: drive less, pay less. Available to the first 5,000 Minnesota drivers, the program has attracted more than 3,000 participants so far who are saving an average of 12 to 15 pe...


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