Monthly Archives: <span>March 2009</span>

Industry Questions Wisconsin Gov.’s Hike in Auto Limits

A proposal in Wisconsin Gov Jim Doyle’s budget to increase mandatory auto insurance limits would drive up costs for many drivers as much as 40 percent, according to the insurance industry. The governor would raise the current liability limits of …

Tough Luck for North Dakota Workers’ Comp Whistleblowers

Former employees of North Dakota’s Workforce Safety and Insurance agency have struggled to pursue claims that they were illegally fired for spotlighting questionable activities at the agency. A judge has thrown out most of the case filed by James Long, …

People

Jeff Grace has been named president of IMA of Wichita, officials for The IMA Financial Group Inc. announced. Grace joined IMA in 1997 in business development, focusing on the construction practice, and was promoted to sales manager for the Wichita …

Missouri Unions Suffer Setback in Challenge to Workers’ Comp Law

The Missouri Supreme Court recently rejected labor union challenges to a 2005 law that limited the ability of some injured workers to get benefits under the workers’ compensation system. Business groups praised the court decision as a victory, though it …

Ohio to Crack Down on Employee Misclassification

Ohio Attorney General Richard Cordray announced that state agencies are collaborating to combat the misclassification of employees as independent contractors to avoid taxes and workers’ compensation premiums. Cordray’s office estimates that the annual costs from worker misclassification may be $100 …

Illinois, Michigan Among States Showing Declines in Auto Deaths

Automobile fatalities declined in 40 states in 2008, a sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association said that vehicle deaths dropped in 40 states and the District of Columbia …

Kansas Debates Costs of Getting Drunk Drivers Off Roads

Kansas lawmakers heard testimony on a bill recently that was inspired by the deaths of a mother and her 4-year-old daughter in an accident police believe involved a driver with multiple drunk driving convictions. Kansas Rep. Aaron Jack, R-Andover, has …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …

Stimulus Should Produce Some Benefits for P/C Insurance

Insurers, Brokers Anticipate Insuring Construction Projects Funded With $140 Billion Infrastructure Monies The property/casualty insurance industry should see some modest benefit from the $787 billion federal stimulus package — the American Recovery and Reinvestment Act of 2009 – which is …

A Letter to the President

President Barack Obama recently received the following letter from the Independent Insurance Agents & Brokers of America congratulating him on becoming the 44th President of the United States of America, and encouraging him to preserve the successful state system of …