Monthly Archives: <span>March 2007</span>

Child safety “None of us wants to — as we each have done — meet with another family who has lost a child, in what is clearly a preventable death.” Sen. Hillary Rodham Clinton, D-N.Y., spoke in support of legislation …

State Farm Mutual Automobile Insurance Co. recently announced it will pay $1.25 billion in dividends to its mutual auto insurance policyholders in 46 states, the District of Columbia and the Canadian province of New Brunswick. Policyholders in 12 Midwestern states …

Indiana 14.4 $41.9 million Iowa 21.8 $25.4 million Kansas 15.1 $19.8 million Michigan 3.4 $18.8 million Minnesota 25.0 $72.0 million Missouri 7.3 $21.8 million Nebraska 16.1 $15.8 million North Dakota 22.8 $5.2 million Ohio 12.6 $57.9 million South Dakota 14.9 …

Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to leadership positions within the National Association of Insurance Commissioners (NAIC). Ted Clark has been …

In urging renewal of the federal terrorism reinsurance program, New York City Mayor Michael Bloomberg noted that the city is doing its part. He reported that the N.Y. City police department has built counterterrorism operations that are responding to threats …

N.Y. Gov. Spitzer, labor, business reach workers’ comp reform accord But workers’ comp insurers are nervous that cost savings promised by the reforms’ supporters may not materialize New York Governor Eliot Spitzer and legislative leaders have reached an agreement to …

Hub, Apax, Morgan Stanley Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised …

Key elements of the proposed reform package as released by Gov. Spitzer’s office are as follows: • The maximum weekly benefit for injured workers will be increased from $400 to $500 in the first year, $550 in the second year, …

Conn. AG probes insurer, agency relationship Connecticut Attorney General Richard Blumenthal has issued subpoenas in an investigation of bonus commissions and other possible financial arrangements between Middlesex Mutual Assurance Co. in Middletown and H.D. Segur Inc., a large Connecticut insurance …

Rhode Island officials have completed their audit of Beacon Mutual Insurance Co. and turned over the results to the workers’ compensation insurer. However it will be weeks before the public learns what is in the report. Department of Business Regulation …