Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
INSURERS LOSE IN STRINGFELLOW ACID PITS JURY TRIAL:
Jun 6 2005 // Insurance companies must pay to clean up a hazardous waste dump, the Stringfellow Acid Pits. A Riverside County, California jury on May 16, 2005 found in favor of the State of California and against CNA, Wausau, Yosemite,...
CONNING: LOOK FOR P/C UNDERWRITING PROFIT AGAIN IN 2005
May 23 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-$14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE:
May 23 2005 // A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated Press. The jury reached seven of eight verdicts, U.S....
POWELL, RIDGE AND OXLEY TO ADDRESS INSURERS IN CHICAGO
May 9 2005 // Former Secretary of State Colin Powell, former Secretary of Homeland Security Tom Ridge and U.S. Rep. Mike Oxley (R-Ohio) will be the featured speakers at the 2005 Property Casualty Insurers Association of America’s...
AG PETRO GETS IN ON AIG LAWSUIT
May 9 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group and others by filing an amended complaint in federal court in New...
HIGH RISK CHALLENGE IN COURT:
May 9 2005 // Massachusetts insurance company trade associations and companies recently filed a friend of the court brief defending the reforms of the state’s auto insurance system pursued by Insurance Commissioner Julianne...
Old National Bancorp Purchases J.W.F. Insurance Cos.
May 2 2005 // Old National Bancorp has acquired J.W.F. Insurance Companies Inc., which does business as the J.W. Flynn Company, and J.W.F. Specialty Company Inc., a related alternative risk services company. Headquartered in...
NO HIKE IN MED-MAL RATES:
Apr 18 2005 // The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes. ProMutual Group credited “improved financial...
AUTO RATE HEARING SET IN SEPTEMBER
Apr 18 2005 // Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September. This announcement came after the North Carolina Rate Bureau, an independent organization that represents all auto...
Old National Bancorp Acquires JWF Insurance Cos.
Apr 4 2005 // Evansville, Ind.-based Old National Bancorp announced recently that it has entered into definitive agreements to acquire JWF Insurance Cos. Inc., which does business as the JW Flynn Co. and JWF Specialty Co. Inc., a...
Ind.-Based Leisure/Sports Specialty Broker Launched
Mar 31 2005 // announced its official entry into business with the opening of its corporate headquarters in Fort Wayne, Ind. LSS said in a statement that it has an exclusive insurance relationship with niche property/casualty carrier...
COURT RULES IN GARAMENDI’S FAVOR REGARDING STATE FUND:
Mar 21 2005 // A Sacramento County court ruled that California’s quasi-public State Compensation Insurance Fund cannot require businesses to have separate workers’ compensation insurance policies for employee leasing...
GARAMENDI WILL FIGHT AGAINST ABUSES IN HOMEOWNER INDUSTRY:
Mar 21 2005 // California Insurance Commissioner John Garamendi issued the following statement in response to the recent Court of Appeal’s ruling on the state’s authority to regulate homeowners’ insurance: “The...
AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT
Mar 7 2005 // Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
Indiana Bill Gets Tough on Insurance Fraud, Passes House 95-1
Mar 7 2005 // The Indiana House of Representatives voted 95-1 last month in support of a bill that would toughen penalties against insurance fraud in an attempt to provide prosecutors with a greater incentive to pursue such...
COPART OPENS OCALA AUTO SALVAGE YARD; 19TH IN REGION
Mar 7 2005 // Copart Inc. a large provider of vehicle salvage disposition services has opened its seventh salvage yard in Ocala, Fla., its 19th in the Southeast region. The 21-acre Greenfield facility will add needed capacity in the...
PINAULT, ARTEMIS NOW SOLE DEFENDANTS IN EXEC. LIFE TRIAL:
Mar 7 2005 // French billionaire financier François Pinault and his holding company, Artemis S.A., are the sole remaining defendants in the civil lawsuit seeking to recover some $4 billion on behalf of policyholders of the failed...
Ind. Jury Says PSI Not Entitled to Insurance Recovery
Feb 24 2005 // A Hendricks County (Indiana) jury returned a verdict this week finding that Cinergy Corp. subsidiary PSI Energy Inc. was not entitled to any insurance recovery from its London Market Insurers for the costs incurred as a...
TWO GUILTY IN RECIPROCAL OF AMERICA FRAUD:
Feb 21 2005 // Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R....
HOMEOWNERS RATES 4TH LOWEST IN NATION
Feb 21 2005 // Ohio insurance consumers continued to benefit from a healthy property/casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners...
