Monthly Archives: <span>January 2004</span>

Members Approve Trade Association Merger; New Group Known as PCI

Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers Association of America (PCI). The creation of …

Taking the Pain Out of Tort Reform

Having first looked at efforts to pass more tort reform in Mississippi (Jan. 12, “Miss. Tort Reform In Play As Lawyers Flock to Magnolia State”) and now reporting on efforts in West Virginia in this issue, one can come to …

Michigan Needs to Open Up Insurance Scoring Process

An ever increasing number of insurance companies are using your personal credit information—like billing history, the number of credit cards you have, and even the number of credit checks made by businesses offering you services—to determine what you will pay …

Ohio P/C Market Should Keep Pace With Countrywide Patterns

The U.S. Census Bureau’s 2000 census estimated Ohio’s population at 11.4 million. About 83 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s degree or higher. The capital, Columbus, has a …

Earlybird Forecast for 2004: Street Sees Premium Growth in Store

Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the industry’s unrelenting streak of bad …

North Dakota Man Must Pay $55,000 Restitution for Comp Fraud

A Mandan, N.D., man was ordered to pay $54,679 in restitution to Workforce Safety & Insurance after pleading guilty to fraud in South Central District Court Dec. 16, according to a statement released by the North Dakota Department of Insurance. …

Felony Charges Filed Against Kansas Agent

The Kansas Insurance Department (KID), in cooperation with Sheridan County Attorney Mike Haas and the Kansas Attorney General’s Office, has filed felony charges against a Selden, Kan., insurance agent. An investigation by the KID Fraud Unit led to charges against …

Illinois DOI Fines Federal Mutual $30,000

The Illinois Department of Insurance fined Minnesota-based Federal Mutual Insurance Co. $30,000 and issued a stipulation and consent order for insurance code violations and/or improper claims practices cited in a department market-conduct examination.

Agribusiness and Specialty Equine Insurance

Nuts & Bolts: Allen Financial Insurance Group Inc. and The Equestrian Group are offering a market for agribusiness and specialty equine insurance. Dollars: Policy limit $4 million. Minimum premium is $500. Carrier: American Reliable Insurance Company and American Bankers Insurance …

Media Liability

Nuts & Bolts: Euclid Managers LLC is offering a market for media liability. Coverage is for small and mid-sized media risk companies. These products are customizable featuring the option to add additional covered services directly on the policy forms. Coverage …