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Auto & Other Vehicle Insurance Industry News

/C O R R E C T I O N -- Wyncrest Group, Inc./ (6:13:00pm Fri Nov. 6, 2009 CDT)

In the news release, The Wyncrest Group, Inc. Grows Sales Force by 59%, Further Diversifying its Operations and Adding Shareholder Value, issued 06-Nov-2009 by Wyncrest Group, Inc. over PR Newswire, we are advised by the company that all mentions of SFG should be replaced with the full company name, Southwest Financial Group. The complete, corrected release follows: ...

The Wyncrest Group, Inc. Grows Sales Force by 59%, Further Diversifying its Operations and Adding Shareholder Value (5:18:00pm Fri Nov. 6, 2009 CDT)

CHICAGO, Nov. 6 /PRNewswire-FirstCall/ -- The Wyncrest Group (Pink Sheets: WNCG), a leader in niche insurance and financial products and services, announced that it grew the number of sales representatives by 59%. The company's wholly owned operating subsidiary, Southwest Financial Group (SFG), recruited an additional 50 agents from across the country to its sales force during the past month. The additional agents raise the total number of agents SFG contracts to approximately 135 people. The agents were contracted in order to meet the growing demand from the market and to further diversify its operations. ...

Philadelphia Insurance Companies to Host New York Product Fair (4:20:00pm Fri Nov. 6, 2009 CDT)

BALA CYNWYD, Pa., Nov. 6 /PRNewswire/ -- Philadelphia Insurance Companies (PHLY) will be hosting a product fair at the Cradle of Aviation Museum in Garden City, NY on November 9, 2009 from 3:00 p.m. - 5:30 p.m. The product fair is an open house-style event for insurance agents highlighting all of PHLY's products, including our newest Pest Control, Environmental, and Security Services (The Guardian). Agents are encouraged to attend to learn more about products, coverages and meet with PHLY representatives. Additionally, attendees will have the opportunity to participate in a food drive to benefit Island Harvest, the largest hunger relief organization on Long Island. ...

SORL Auto Parts Schedules Third Quarter 2009 Earnings Release and Conference Call (4:01:00pm Fri Nov. 6, 2009 CDT)

ZHEJIANG, China, Nov. 6 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (Nasdaq: SORL; "SORL" or "The Company"), a leading manufacturer and distributor of commercial vehicle air brake systems as well as related auto parts in China, today announced that it plans to release its financial results for the third quarter ended September 30, 2009 on November 13, 2009, before the market opens. ...

Class Action Lawsuit Filed Against Toyota to Correct Sudden Acceleration (3:49:00pm Fri Nov. 6, 2009 CDT)

REDLANDS, Calif., Nov. 6 /PRNewswire-USNewswire/ -- The law firm of McCuneWright, LLP, filed a national class action lawsuit yesterday against Toyota Motor Corporation on behalf of Toyota and Lexus owners who have experienced incidents of sudden unintended acceleration. ...

John Harris Joins Guarantee Insurance Company as Director of Underwriting (2:24:00pm Fri Nov. 6, 2009 CDT)

FORT LAUDERDALE, Fla., Nov. 6 /PRNewswire/ -- Guarantee Insurance Company, a subsidiary of Patriot Risk Management, Inc. announced today that John Harris, an executive with broad experience in workers' compensation insurance, has joined its leadership team as Director of Underwriting. In his new role, Mr. Harris will be responsible for leading Guarantee's alternative market and traditional workers' compensation underwriting departments. ...

Managing a Brand Through Difficult Economic Times; Mercedes Executive Says: 'First, Figure Out What You're Not' (2:00:00pm Fri Nov. 6, 2009 CDT)

MONTVALE, N.J., Nov. 6 /PRNewswire/ -- While many economists are stating that the recession is officially over, no one doubts that the impact of billions of dollars in lost wealth will be felt by consumers for years to come. In an era where the days of "more, more, more" have become "less, less, less," it's more important than ever for companies to manage their brands in a way that appeals to the newly selective consumer, said Mercedes-Benz USA (MBUSA) General Manager of Marketing Services Drew Slaven, during a speech at The Summit Series - an educational and networking event for influential young entrepreneurs. ...

Taxpayer Group: Leaders Should Stop GM From Bailing Out European Car Company With U.S. Tax Dollars (1:57:00pm Fri Nov. 6, 2009 CDT)

ALEXANDRIA, Va., Nov. 6 /PRNewswire-USNewswire/ -- Hot on the heels of news that General Motors would not seek to sell off German automaker Opel and would instead seek taxpayer subsidies from European countries or use U.S. bailout funds to help prop up the firm, the 362,000-member National Taxpayers Union (NTU) today urged governments abroad to reject GM's pleas. NTU Vice President for Policy and Communications Pete Sepp offered the following statement regarding GM's decision: ...

Lockton and Concentra Working Together to Lower Healthcare Costs for Employers (1:45:00pm Fri Nov. 6, 2009 CDT)

DALLAS, Nov. 6 /PRNewswire/ -- Lockton Benefit Group, the health and welfare benefits consulting arm of Lockton Companies, LLC, today announced employer health cost reduction initiatives through health risk management in collaboration with U.S.-based healthcare company Concentra. ...

Farmers IdeaPoint Initiative Wins First Place 2009 INNovators Award From Insurance Networking News Magazine (1:43:00pm Fri Nov. 6, 2009 CDT)

LOS ANGELES, Nov. 6 /PRNewswire/ -- Insurance Networking News magazine has released the results of its 2009 INNovators Award, a distinctive designation intended to advance the spread of business and technology acumen in the insurance industry, and Farmers Insurance Group of Companies® has received first place recognition for its IdeaPoint Initiative program. ...

TK Carsites Earns Top Industry Award for Most Powerful Search Optimized Automotive Dealer Websites (11:58:00am Fri Nov. 6, 2009 CDT)

ORANGE, Calif., Nov. 6 /PRNewswire/ -- TK Carsites, Inc. received the Automotive Search Marketing Architecture (ASMA) "Super Charged Search" award and Brian Pasch, CEO of the Pasch Consulting Group, and the source behind the ASMA report, stated publicly, "TK Carsites is the ONLY website provider that I do not look forward to competing with on SEO and Social Media." The 2nd annual ASMA report seeks to provide car dealers with an unbiased evaluation of automotive website platforms and integrated search marketing tools. ...

National Western Life Announces 2009 Third Quarter Results (11:51:00am Fri Nov. 6, 2009 CDT)

AUSTIN, Texas, Nov. 6 /PRNewswire/ -- Ross R. Moody, President of National Western Life Insurance Company (Nasdaq: NWLI), announced today third quarter 2009 consolidated net losses of $1.1 million, or $0.32 per diluted Class A share, compared with consolidated net losses of $9.8 million, or $2.78 per diluted Class A share, reported for the third quarter of 2008. Consolidated net earnings for the first nine months of 2009 were $32.8 million, or $9.28 per diluted share, compared with $22.8 million, or $6.42 per diluted share, reported a year ago. The Company's book value per share at September 30, 2009 increased to $302.96. ...

The Plaza Hotel Awarded Prestigious 2010 AAA Five Diamond Rating (11:33:00am Fri Nov. 6, 2009 CDT)

NEW YORK, Nov. 6 /PRNewswire/ -- New York City's legendary Plaza Hotel (www.ThePlaza.com) has been awarded a 2010 AAA Five Diamond Rating by AAA, an independent federation of not-for-profit automobile clubs that provide comprehensive travel services to its 51 million members, joining the ranks of an elite group of hotels across the United States. This is the first time in The Plaza Hotel's 102-year history that the AAA Five Diamond Rating was awarded to the hotel, recognizing The Plaza Hotel as one of most distinguished hotels in the world. ...

Aon Consulting Hires Leader for South Korea (10:43:00am Fri Nov. 6, 2009 CDT)

SINGAPORE, Nov. 6 /PRNewswire-FirstCall/ -- Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AOC), today announced that opinion leader and industry veteran Dr. Ki Ryung (Charlie) Kim has joined the firm as Chief Executive Officer of Aon Consulting Korea. ...

Allied World's Nicole Baummer and Marjorie Thompson to Speak at PLUS International Conference (10:30:00am Fri Nov. 6, 2009 CDT)

PEMBROKE, Bermuda, Nov. 6 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World U.S.' Nicole Baummer, Assistant Vice President for Private/Not-for-Profit & Governmental Claims and Marjorie Thompson, Vice President, Professional Lines Claims, will be speaking at this year's Professional Liability Underwriting Society (PLUS) international conference, to be held in Chicago, Illinois, November 11-13, 2009. ...

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