Bray’s Report

The insurer, Travelers Co’s posted its 7th straight decline as customers reduced coverage and investments declined. Click here for the story.

The Government is pulling the plug on it in just one week? Evidently the 1 billion dollars of your taxpayer money helping others get new vehicles may be running out.   Click here for the full story!

Here’s the latest update from July 30 on CA AB1179

MEASURE	:  A.B. No. 1179
AUTHOR(S)	:  Jones.
TOPIC	:  Motor vehicle insurance: damage assessments.
+LAST AMENDED DATE  :  04/27/2009

TYPE OF BILL :
                Active
                Non-Urgency
                Non-Appropriations
                Majority Vote Required
                Non-State-Mandated Local Program
                Non-Fiscal
                Non-Tax Levy

LAST HIST. ACT. DATE:  07/30/2009
LAST HIST. ACTION   :  Enrolled and to the Governor at   1 p.m.
COMM. LOCATION	:  SEN BANKING, FINANCE AND INSURANCE
COMM. ACTION DATE   :  06/17/2009
COMM. ACTION	:  Do pass.
COMM. VOTE SUMMARY  :  Ayes:   11	Noes: 00	PASS

TITLE	:  An act to amend Section 1874.87 of the Insurance Code,
	relating to motor vehicle insurance.

LKQ Corp reported a 7% decline in profit. Click here for the story.

American National, a Texas based insurer suffered a 2nd Quarter loss of 4.3 million. Click here for the story.

In an article we found, evidently 92% of claims officials state they are planning on investing in claims technology over the next 2 years.  Click here for the article.

Well, according to the NHTSA,  drivers who eat while driving are at risk for becoming distracted and causing an auto accident.  This article has a list of the top 10 foods to avoid while driving. Not sure the last time I tried to eat chicken wings driving? Click here for the story.

In this release we found from the California DOI,  Auto insurance fraud is up dramatically. Click here for the full story.

In this article we found, some auto body repair groups are pushing for a probe of insurers by the government on violations of antitrust regulations. Click here for the story.