Illinois and Missouri, along with six other states, have been added to the American Medical Association’s list of states whose medical liability system are deemed to be in crisis. In Illinois, where the state Supreme Court has overturned medical liability …
The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent Insurers (NAII). Illinois, Indiana, Kansas, Minnesota, Missouri, Nebraska and …
The Kansas Senate has voted 39-0 for legislation that would prohibit insurers from using credit-based insurance scoring as the sole basis for underwriting and rating personal lines insurance. Senate Bill 144 is a hybrid of recommendations from the legislative task …
Ohio-based Celina Insurance Group has contracted with a software provider to offer agents instant online rating for commercial lines products. The Internet-based quoting service provided by Rackley Systems Inc. has been added to Celina’s agents-only Web site as a faster, …
Bancinsurance Corp., the Columbus, Ohio-based parent of P&C insurer Ohio Indemnity Co., reported a profit of $889.6 million in 2002, down 71 percent from $3.1 billion in 2001, thanks in part to an after-tax charge of $1.7 billion, or 28 …
Robert A. Stahl passed away on Feb. 23 in Portland, Ore. after a number of decades in insurance. Born in 1918, Stahl’s insurance career began in 1946 with Northwestern Mutual Casualty and he opened the West Coast office of the …
The new Segway Human Transporter hits walkways this week, leaving buyers seeking direction on how to protect these futuristic vehicles. Before shipments arrive at buyers’ doorsteps, insurers are working to develop new products and adapt existing ones to address the …
Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on DaVinci Reinsurance Ltd. (DaVinci) based on the new company’s very strong operating performance, high capital adequacy, and strong business volume in its first full year of …
The Alliance of American Insurers (AAI) calls the class action reform legislation introduced in the House by Judiciary Committee Chairman James Sensenbrenner (R-Wis.), Rep. Bob Goodlatte (R-Va.) and Rep. Rick Boucher (D-Va.) a bipartisan show of statesmanship that will benefit …
The American Insurance Association (AIA) testified before Maine legislators Wednesday, urging them to reject a number of bills that would increase the cost of workers’ compensation for Maine employers. “Now is not the time to turn the clock back 15 …
