The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American International Group (AIG) represents the …
The state highway patrol says crashes and fatalities jumped after Ohio adopted a 70 mph speed limit on many roads and highways. A patrol report released on Nov. 16 found a 24 percent increase in crashes on 70 mph roads, …
Where Every Employee Is an Owner As one employee stated: “This is not a great place to work — Gibson is the BEST place to work.” That’s the sentiment expressed by numerous employees at Indiana-based Gibson, which was selected as …
Minnesota Commerce Commissioner Mike Rothman announced that he is leaving his post to run a campaign for state attorney general. In a statement, Rothman said he is stepping down as of 11 a.m. today. “I have made the decision to …
A central Indiana fieldhouse that’s one of the nation’s largest high school basketball venues was insured for nearly $10 million when a severe thunderstorm recently damaged it, school officials say. The historic Muncie Fieldhouse was valued at $9,858,130 on Feb. …
Chicago-based commercial, CNA, has appointed Al Miralles as chief risk officer (CRO), effective Jan. 1, 2018. Miralles joined CNA in 2011 as senior vice president and treasurer and has been leading the Long Term Care business since 2014. In addition …
The city of Indianapolis sued several manufacturers and distributors of prescription painkillers in federal court on Nov. 14, alleging that their actions are to blame for the city’s growing opioid crisis. The lawsuit contends that the “dramatic increase” in painkiller …
An Ohio corporation has paid the U.S. government a record $75 million to settle lawsuits stemming from alleged false claims about hospice patients. The U.S. Department of Justice says that between 2002 and 2013 Chemed subsidiary Vitas knowingly submitted false …
A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+”, each with a stable outlook, of Great Lakes Casualty Insurance Co. (Great Lakes) in Grand Rapids, Michigan. The rating withdrawals reflect …
The Keane Insurance Group in St. Louis, Missouri, has received the ProAssurance 2017 Philanthropic Award. The award was presented to John Keane, president of The Keane Group, and Brian Dames, COO, at ProAssurance’s 2017 Leadership Circle meeting in North Carolina …
