| Farmers closes on $713 million purchase of Bristol West
Farmers Insurance Group, the nation's third-largest personal lines and homeowners insurance company, has completed its $713.5 million buy-out of Bristol West Holdings Inc. Los Angeles-based Farmers, which is licensed to sell policies in Texas, has purchased an automotive insurance company with operations in 26 states. .
FR Senior In Hawaiian Baseball Classic
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Vanishing Vehicles: Car Scam Crosses State Lines
(CBS) CHICAGO A car owner's complaint to the 2 Investigators has led to a police investigation in both Illinois and Indiana. As 2 Investigator Pam Zekman reports, vehicles are vanishing in an apparent scam that could cost you your car.The 2 Investigators went searching for vanished vehicles at a West Side towing company, a Villa Park repair shop and an auto parts dealer in Gary, Ind., looking for a straight answer.It all began after Teresa Jenkins called CBS 2 for help. Her sport utility vehicle had been hit by another car. She wasn't insured, but a Chromy's Towing driver told her that didn't matter and gave her a sales pitch. �They have their own body shop and they're going to make sure this other guy's insurance company pays for it,� Jenkins said.But they didn't. Chromy's took Jenkins� SUV to J&A Collision in Villa Park, and for four months she got the run-around from the owner, John Franko."I took several trips up there to meet with John Franko,� Jenkins said.
Charge of the e-brigade
BANGALORE: In all the hullabaloo of alternate fuel run vehicles, electric vehicles haven't really caught on in the country. Even though home grown Reva is one of the few e-vehicle makers and the only electric car manufacturer in India, it is still a small niche market.
But auto analysts believe in the next five years the segment is bound to get its due share of limelight. Atleast five global auto makers are firming up their plans to enter the electric vehicle segment and their imminent entry will help galvanise the market and open up new opportunities for players like Reva.
Among those players looking at the e-vehicle market are General Motors, Renault, Mitsubishi and Think Electric Vehicles. Initially these cars are expected to focus on their home markets.
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