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Crackdown on bogus claims helps insurance costs fall by 12%

CAR INSURANCE premiums have plunged at a record rate of 12% year-on-year amid a tougher clampdown to combat bogus motor accident claims which add to the costs of everyone's policies. The typical quote for annual comprehensive car insurance cover was £568 in October, marking a 4.5% drop on July and a 12.4% fall on a year ago, according to the latest AA Insurance premium index, which takes the average of the five cheapest quotes on the market. This is the biggest annual slide that the AA has on its records, which go back to 1994, and marks a sharp turnaround for motorists following a period of strong increases, with premiums rising by more than 40% just two years ago.

Prototype of new Alfa Romeo Milano is spied; a future car for Chrysler?

Chrysler let slip the names to two upcoming Alfa Romeo models in its survival plan submitted to Congress--and here is a look at one of them, the Milano. Alfa has been developing this five-door small car to replace the 147 in its lineup. The new car was developed under the 149 name, but it will be called the Milano when it is launched in Europe late this year.

Cunningham Corvette pulled from Carlisle show

Less than 24 hours after the long-lost No. 1 Briggs Cunningham Chevrolet Corvette received a public viewing, the car has gone back into hiding. The car was set for a public showing Friday afternoon during the Corvettes at Carlisle show in Carlisle, Pa.