Better watch your car if you live in Modesto, CA.  The town had been hit hard by mortgage foreclosures and now leads the nation in car thefts according a study by the NICB.  Click here for more.

Back in February Safeco, shares dropped due to a large increase in auto claims. At that time the company stated it would watch it claims more closely to contain severity and possibly raise rates. In a highly competitive auto insurance market, raising rates at the time of higher gas prices and shaky consumer sentiment would probably be difficult.

Today it was published that Liberty Mutual has agreed to purchase Safeco. Click here for the article.