Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
BILL WOULD TOUGHEN INSURANCE FRAUD PENALTIES
Feb 21 2005 // Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. According to the...
RATE BUREAU REQUESTS 11.5 PERCENT INCREASE IN AUTO RATES
Feb 21 2005 // The North Carolina Department of Insurance doubts new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent...
Fraud Bill Passes Ind. House
Feb 16 2005 // The Indiana House passed HR 1403, a fraud bill that would increase jail terms for larger insurance scams, by 95 to one and will move to the Senate for debate. According to the Coalition Against Insurance Fraud,...
Ind. Fraud Bill May Get Facelift
Feb 9 2005 // Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. “This bill...
ASSURANCEAMERICA APPROVED IN ALA.
Feb 7 2005 // Atlanta-based AssuranceAmerica Corp., with operations in Georgia, Florida and South Carolina, has been approved by the Department of Insurance to sell policies in Alabama. AssuranceAmerica, a property and casualty...
SEABRIGHT FILES IPO; PLANS TO WRITE WORKERS’ COMP IN CALIFORNIA:
Feb 7 2005 // Seattle-based Seabright Insurance Holdings Inc. raised $78.8 million in their initial public offering Jan. 20, with shares priced at the high end of the expected range, Reuters reported. Seabright recently entered the...
TORT COSTS REACHED RECORD HIGH IN 2003
Jan 24 2005 // U.S. tort costs reached a record $246 billion in 2003, or about $845 per person, according to U.S. Tort Costs: 2004 Update from the Tillinghast business of Towers Perrin. This represents a 5.4 percent increase in tort...
AMERICAN MUTUAL CLOSES OFFICE IN CHARLESTON, S.C. :
Jan 24 2005 // American Mutual Fire Insurance Co. has closed its offices in Charleston due to efforts by its British parent, Royal & Sun Alliance Insurance to reduce losses in the United States. At one time American Mutual had 500...
Calloway Turns Down Ind. Commissioner Post
Jan 23 2005 // The Evansville man whom Gov. Mitch Daniels had appointed as the state’s insurance commissioner has decided to turn down the position, the governor’s office said last Thursday. Daniels announced the pick of...
State Farm Agent Named Ind. Commissioner
Jan 21 2005 // Indiana’s new Republican Gov. Mitch Daniels has named W. Harold Calloway, a State Farm agent, as the state’s new insurance commissioner. Calloway, 58, takes over an agency with a $15 million budget and 75...
Insurance Institute of Indiana Brings Halt to Municipal Accident Report Surcharge
Jan 17 2005 // The Insurance Institute of Indiana has received word the city of Mount Vernon, Indiana has agreed to indefinitely table a proposed ordinance calling for a surcharge, on insurers of “at fault” drivers, for...
S&T Bank Acquires Two Pa. Agencies
Jan 4 2005 // S&T Bank, based in Indiana, Pa., has acquired Bennett Associates, Inc. and Cowher- Nehrig & Co., (the Bennett Group), two multi-line insurance agencies. These agencies, which are located in Ebensburg and Nanty...
MISCLASSIFIED IN MASS:
Jan 3 2005 // Employers seeking to avoid Massachusetts payroll taxes and some employee benefits are wrongly classifying thousands of workers as self-employed or independent contractors, according to a report by the University of...
MICH. TO SEE 11.2% DROP IN AVERAGE COMP RATE:
Jan 3 2005 // Michigan will see an 11.2 percent decline in the average workers’ compensation insurance rate, the largest drop in nearly a decade. The pure premium rate decline is reportedly due, in part, to well-developed safety...
NONSTANDARD AUTO MARKET STUCK IN CYCLE, SAYS BEST:
Jan 3 2005 // A study released by A.M. Best has confirmed that the nonstandard automobile insurance sector is cyclical in nature, characterized by periods of severe price competition and excess capacity followed by periods of high...
WINDSTORM CONFERENCE SLATED IN TAMPA:
Jan 3 2005 // Max Mayfield, National Hurricane Center director and Bill Bailey, Hurricane Insurance Information Center director will join leading property insurance industry experts speaking at the Feb. 1 — 4, Sixth Annual...
HEALTH INSURANCE 'AFFORDABLE' IN NASHVILLE:
Jan 3 2005 // This Tennessee city ranks No. 15 among the 50 most affordable cities for families to obtain health insurance, according to a study by eHealthInsurance.com in Mountain View, Calif. The monthly premium for health insurance...
JUDGE FAVORS CDI IN TRIAL CONCERNING REGULATORY AUTHORITY OVER STATE FUND:
Jan 3 2005 // On Dec. 13, Judge Paul Alvarado issued a tentative ruling affirming that the State Compensation Insurance Fund (State Fund) is subject to the Department of Insurance’s authority under the state’s Risk Based...
ELLIS INDICTED IN OKLA.:
Dec 20 2004 // A multicounty grand jury in Oklahoma named Opal Ellis in an indictment that charges the former Oklahoma Insurance Department employee with four counts of making a false, fictitious or fraudulent claim, Attorney General...
MASS. LAGS IN SECURING VACANTS:
Dec 20 2004 // Communities across Massachusetts have been slow to enforce fire safety requirements mandating that vacant buildings be boarded up and marked to warn firefighters the buildings are abandoned and should be entered with care....
