Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
FITCH SEES P/C INSURERS’ UNDERWRITING RESULTS IMPROVING IN ’03:
Jun 9 2003 // Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of...
Ind. Sessions Ends With Status Quo for Insurers
May 6 2003 // The 2003 Indiana legislative session came to a close recently with little impact on the property and casualty insurance industry, according to a statement released by a trade group. The only substantial property/casualty...
STATE FARM RATE INCREASES IN LA.
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
STORMS RACK UP $1.2B IN CLAIMS
May 5 2003 // U.S. property/casualty insurers are expected to pay an estimated $1.2 billion for insured property-loss claims from winter storms and windstorms that pummeled 10 states in early April, according to preliminary estimates by...
AGENCY SUSPENDED IN OKLAHOMA
May 5 2003 // Oklahoma Insurance Commissioner Carroll Fisher suspended the license of Edmond agent Earl Cody after Cody refused to permit examiners from the Oklahoma Insurance Department to review records as part of an investigation...
CWCI STUDY EXAMINES CHIROPRACTIC UTILIZATION AND COSTS IN CALIF. WC
Apr 21 2003 // The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of...
ABS EQECAT TO HOLD 2003 EUROPEAN CATASTROPHE MANAGEMENT SUMMT IN BARCELONA
Apr 21 2003 // Oakland-based EQECAT, Inc. announced that its 2003 European Catastrophe Management Summit will take place on June 24-27 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit...
N.Y. Ind. Agents Push for Swift Leg. Action to Avert Looming Crisis in State’s Property Market
Apr 14 2003 // Time is quickly running out for the New York State Legislature to reportedly avert a disruption in the state’s property insurance market. At the same time, according to the Independent Insurance Agents Association of...
AAI CONTINUES TO FIGHT EFFORTS TO BAN CONFIDENTIAL SETTLEMENT IN CALIF
Apr 7 2003 // A bill introduced in the California Senate is the latest in a series of attempts by the trial bar to restrict the use of confidentiality and settlement agreements in certain legal actions, according to the Alliance of...
INSURANCE BUREAU OF CANADA SAYS INDUSTRY REACHED A ‘NEW LOW’ IN 2002
Apr 7 2003 // Borrowing a phrase from Britain’s Queen Elizabeth the Insurance Bureau of Canada labeled the year 2002 an “Anni horribiles” as it reported that the financial results for the country’s P/C insurers...
TORT REFORM BILL OK’D IN ARK.
Apr 7 2003 // The American Insurance Association praised Arkansas Governor Huckabee for signing significant tort reform legislation passed in the state legislature. AIA said the bill will help “lower the cost of tort claims and...
FOURTH ANNUAL EDUCATIONAL FORUM SET FOR APRIL 17 IN WALNUT CREEK, CALIF
Mar 24 2003 // The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Fund-Child Abuse Prevention Program (IICF-CAPP) are presenting their Fourth Annual Insurance Educational Forum “Insuring the Future” for the...
P/C INSURERS’ PREMIUMS SURGE $28B IN FIRST THREE QUARTERS OF 2002
Mar 24 2003 // Premiums earned by the nation’s property and casualty insurers surged $27.8 billion, or 12 percent, during the first three quarters of 2002, to $258.7 billion from $230.9 billion during the same period in 2001,...
Clarifying ‘Election of Remedies’ in Workers’ Comp Claims
Mar 24 2003 // In a flurry of recent cases, Texas courts have tried to clarify various issues regarding election of remedies in the context of workers’ compensation insurance. These issues arise in various circumstances. Two...
CaliforniaSelect Releases Homeowners Program to Ind. Agents
Mar 18 2003 // CaliforniaSelect Insurance Agency, Inc., an affiliate of the Vesta Insurance Group (NYSE: VTA) announced the launch of a residential property program in California. CaliforniaSelect, part of Vesta’s Select Group of...
P/C RESERVES IN FOR TIGHTER SCRUTINY
Mar 10 2003 // The property/casualty industry’s reserves will be scrutinized more closely, Fitch Ratings has announced. Specifically, Fitch’s analyses will target reserves from U.S. casualty business written between 1997 and...
ARBITRATION USE FOR RESOLVING INTER-INSURANCE DISPUTES JUMPS NEARLY 25 PERCENT IN 2002
Mar 10 2003 // The use of arbitration by property/casualty companies and self-insureds to resolve inter-company claims disputes surged nearly 25 percent in 2002, according to Arbitration Forums Inc. (AF). AF, a nonprofit provider of...
UCITA DEAD IN OKLAHOMA
Mar 10 2003 // Proponents of the Uniform Computer Information Transactions Act (UCITA) suffered a double setback as UCITA legislation (SB697) in Oklahoma died in the Senate Appropriations Committee and the American Bar Association (ABA)...
ATNIP PLEADS GUILTY IN ARK.
Mar 10 2003 // Arkansas Insurance Commissioner Mike Pickens announced that Gary Atnip, an alleged co-conspirator with Martin Frankel, entered a guilty plea to a felony charge of violating the maintenance of home office records law. The...
Several Midwestern States Revisit Insurance Scoring
Mar 6 2003 // The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent...
