Monthly Archives: <span>February 2005</span>

DOI PUSHES FLEXIBLE HEALTH PLANS

The Ohio Department of Insurance has proposed a plan to help small business employees obtain more affordable health benefits. Key components of the plan, designed to provide small employers greater flexibility with health insurance plans, were unveiled in companion bills …

DANIELS' DOI PICK BEGS OFF

The choice of Indiana’s new Republican Gov. Mitch Daniels for insurance commissioner has decided to turn down the job only weeks after accepting it. Evansville, Ind., State Farm agent W. Harold Calloway was announced as Daniels’ choice on Dec. 29 …

PCI WANTS RULE RESTRICTING CLASS ACTIONS

A national insurance trade association is requesting that the Illinois Supreme Court enact a rule that would set standards for class-action lawsuit certifications that are in line with federal requirements and those in most other states. In a written statement …

SUPREME COURT RULES AGAINST UIM STACKING

Illinois’ top court has ruled that the stacking of underinsured-motorist coverage (UIM) was clearly prohibited by two companies’ insurance policies at issue in the case it decided. The Supreme Court’s ruling came in the consolidated cases of Hobbs v. Hartford …

Granholm’s Budget Plan Doubles Tax Burden on Michigan Insurers

Michigan Gov. Jennifer Granholm’s newly unveiled budget plan calls for $1.1 billion in tax cuts on businesses, but doubles the premium tax burden on insurers. Insurers paid more than $241 million in state taxes and would have to pony up …

Finke Lands Missouri Commissioner Spot, Draws Fire

Missouri Gov. Matt Blunt announced the appointment of W. Dale Finke to head the Missouri Department of Insurance. Finke, CEO and president of Corporate Insurance Management in St. Louis, quickly drew fire from critics over the manner in which he …

Fiduciary Liability: The Most Misunderstood of Management Exposures

In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to employee benefits. Yet, it was …

Ohio Chiropractor Pays $216,000 in Restitution for Comp Fraud

The Ohio Bureau of Workers’ Compensation announced a Greenville, Ohio, man has pled guilty to a felony charge of workers’ compensation fraud. Dr. Robert Fantasia was sentenced to one year of probation, basic supervision and court costs. He also paid …

People & Places

Michael Sullivan The Ohio Casualty Insurance Co. announced that Michael Sullivan, 41, has been named senior vice president of the commercial lines division. Sullivan has served as vice president of the Commercial Lines Division since 2001. Prior to that time, …

Pick Your Poison

It wouldn’t be the year after an election if someone, somewhere didn’t have some trouble with his pick for insurance commissioner. Two new Midwestern governors have hit rough spots: One for how he made his choice, and the other for …