Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
TORT COSTS ROSE IN 2001
Feb 24 2003 // The U.S. tort system cost $205 billion in 2001, or $721 per U.S. citizen, representing a 14.3 percent increase in tort costs since the year 2000, according to a study by Tillinghast- Towers Perin (Tillinghast) in...
First Financial Bancorp to Buy Indiana Agency
Feb 11 2003 // First Financial Bancorp has signed a definitive agreement for the cash purchase of a Connersville, Ind., insurance agency. The Feb. 7 agreement indicates that the agency would operate as a full-service office of Flagstone...
IIABA’s Virtual Univ. Offering New Sales Skills Programs to Ind. Agents, Brokers
Feb 10 2003 // The Big “I” Virtual University (VU) of the Independent Insurance Agents & Brokers of America (IIABA) is now offering Richardson QuickSkills™: a four-star rated portfolio of online sales skills programs...
AAI Says Proposed Ind. Credit Scoring Restrictions Could Do More Harm Than Good
Jan 27 2003 // A measure placing additional restrictions on insurer use of credit scores that passed an Indiana House panel late last week could harm an already healthy property/casualty market, thereby harming consumers, according to...
NEW BILLS GO LIVE IN CALIF
Jan 27 2003 // California Gov. Gray Davis and the Democratic-controlled state Legislature came to agreement on 1,168 bills during the last session, making it the most bills Davis has signed in a single year since taking office in 1999. A...
RMS EXPANDS WEATHER DATABASE IN U.S., EUROPE
Jan 27 2003 // Risk Management Solutions (RMS), a provider of products and services for managing natural hazard risks, has expanded the weather databases in its ClimetrixTM weather derivatives trading and risk management system to...
TORT REFORM BILL FILED IN ARK.
Jan 27 2003 // The Arkansas business community is behind a tort reform effort and the introduction of a bill that many believe will help restore rationality to the state’s tort system. According to the National Association of...
Five Bills Introduced in Ind. to Reportedly Restrict Credit Use By Insurers
Jan 24 2003 // During the first three weeks of the 2003 session, Indiana legislators have introduced five bills that would reportedly restrict the use of credit information in underwriting and rating policies, continuing a major debate...
LIBERTY MUTUAL AUTO RATE CHANGE APPROVED IN NEVADA
Jan 13 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire...
AWARD SLASHED IN MOLD CASE
Jan 13 2003 // The Third Court of Appeals in Austin found that Farmers Insurance Group had both acted in bad faith and violated the state’s deceptive trade practices law in a landmark case that originally saddled the company with a...
INSURER IN RECEIVERSHIP
Jan 13 2003 // Oklahoma Insurance Commissioner Carroll Fisher obtained a temporary court order placing Fairway Employment Services into receivership. According to the insurance department Fairway, along with a number of affiliated...
Two Tallahassee Ind. Agencies Merge To Form Area’s Largest
Jan 9 2003 // Two of Tallahassee, Fla.’s oldest and largest independent insurance agencies, Rogers, Atkins, Gunter & Associates and Vaughn Insurance Agency, announced they merged into one company effective January 1, 2003....
Hub International to Purchase Fifth Third Insurance Services
Dec 30 2002 // Chicago-based Hub International Limited announced an agreement to purchase Fifth Third Insurance Services, Inc., an insurance brokerage subsidiary of Cincinnati-based Fifth Third Bancorp. “The acquisition, which is...
PROBLEMS IN RESIDUAL AUTO MARKET
Dec 16 2002 // A recent report by issued by the Alliance of American Insurers shows that despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in...
CRACKDOWN ON AGENTS IN LA.
Nov 25 2002 // The Louisiana Department of Insurance Fraud Unit investigators served cease and desist and summary suspension orders to licensed insurance agent Tommy Ray Dean of Shreveport, the day after the department served a C&D...
Ind. Agents and Brokers Continue to Increase Market Share in Personal, Commercial Lines
Nov 15 2002 // Independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets, the Independent Insurance Agents & Brokers of America’s (IIABA) annual market share study...
DIMINISHED VALUE CONSIDERED IN TX
Nov 11 2002 // The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an...
NO HIKE NOW FOR STATE FARM IN LA.
Nov 11 2002 // Louisiana insurance regulators recently said “no dice” to State Farm Insurance Companies’ request to raise premiums for apartment and church insurance policies, and for rental dwelling coverage, at least...
A&E LOSSES RISE IN 2001
Nov 11 2002 // A special report recently released by A.M. Best Co., “Largest Increase in A&E Losses to Date Seen in 2001,” suggests that the property/casualty industry will ultimately incur more than $121 billion in net...
Indiana Farm Bureau Insurance Seeking Project XL Participants
Oct 28 2002 // Indiana Farm Bureau Insurance has issued a bulletin reminding the state’s high school students to begin planning for their participation in the company’s annual “Project XL (Excel)” creative arts...
