The legal defense of Michael Segal, the former owner of Chicago-based Near North Insurance Brokerage Inc., was dealt a major blow by a federal judge presiding over Segal’s trial on charges of embezzling more than $20 million from his company’s …
Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters has launched the first phase of her investigation into rising home and auto rates in Michigan. Watters issued a letter of inquiry to insurance companies writing home insurance policies …
The South Dakota Senate overwhelmingly passed a bill that would move the state to a file-and-use system of rate regulation while creating a set of rules to allow commercial lines insurers greater freedoms of rate and form and improve their …
Lawmakers have revamped a bill that would deny workers benefits if they were injured on the job while drunk or on drugs-an idea rejected by the Ohio Supreme Court in 2002 in a ruling hailed by labor unions and criticized …
Yes, you’ve got me. It only took until issue No. 3 of Insurance Journal Midwest to put a big ol’ non-Midwesterner on the cover. Hopefully you’ll find it in your heart to forgive me for highlighting Senate Majority Leader Bill …
Insurance agents in Connecticut and New York share similar views on insurance company performance overall. When the Professional Insurance Agents of Connecticut and New York State Inc. surveyed their respective members in 2003, these totally different groups of agents picked …
The 2000 U.S. Census estimated the population of New Jersey at 8,414,350. Approximately 82 percent of adult residents had graduated from high school and about 30 percent had earned a bachelor’s degree or higher. The capital, Trenton, has a population …
Those who worry about outsiders taking over the insurance industry should be reassured when they witness not only the succes but also the passion for the industry of Joseph Plumeri. Less than four years ago, Plumeri came to the insurance …
He came to Washington, D.C., with a background steeped in medicine. U.S. Senate Majority Leader and Tennessee Republican Bill Frist has known first-hand the impact of the nation’s medical malpractice crisis and how it can paralyze the entire business sector, …
As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting discipline during the 2003-2004 renewal season.” On …
