Midwest News

Regulators: Auto Insurance Rates Continue Downward Trend in Missouri

Auto insurance premiums have declined significantly since 2000, according to figures released by the Missouri Department of Insurance. The average annual cost for full coverage peaked in 2003 at $740 — it dipped to $726 in 2013. In inflation-adjusted dollars, …

Iowa Man: City Should Pay for Tear Gas Damage at Rental Home

A Marshalltown, Iowa, man says the city should pay for damage to his rental property caused by a police department SWAT team during its search for a murder suspect. Ron Iole told the Marshalltown City Council that he filed a …

Joyce Joins Holborn as Senior VP in Minneapolis

Independent reinsurance broker Holborn Corp. announced that Michael S. Joyce has joined the firm as a senior vice president in its Minneapolis office. His areas of expertise in reinsurance include workers’ compensation, commercial automobile, surety and Florida homeowners’ property business. …

Michigan Workers’ Comp Costs Drop, Employment Rises

Michigan has had some positive developments on the employment and workers’ compensation fronts lately and state officials are eager to share the news. Workers’ comp costs for employers in Michigan have dropped by nearly 28 percent since 2011 and the …

Iowa Lawmakers Back Measure Protecting Cities from Sledding Claims

Lawmakers in the Iowa Senate and House have approved legislation that would protect cities from liability if people are injured while sledding in public parks. The bill passed 48-0 in the Iowa Senate. It passed in the House last week. …

Wisconsin-Based SECURA Celebrates 115th Anniversary

SECURA Insurance, based in Appleton, Wis., is celebrating the fact that it has been in operation for 115 years as of March 2015. The company was founded by Julius Bubolz in the town of Cicero after a devastating windstorm struck …

Another Truck Crashes into Problematic South Dakota Bridge

A low-clearance railroad bridge in Pierre, S.D., continues to win battles with semitrailers that seem drawn to it like a magnet. The latest truck to crash into the problematic bridge over South Pierre Street didn’t hurt the structure, but an …

CNA Names Kubursi Senior VP – Financial Institutions, Management Liability

Chicago-based insurance CNA has appointed Ziad Kubursi to senior vice president, Financial Institutions and Management Liability, effective April 6, 2015. Ziad brings more than 18 years of insurance industry experience to this role, most recently serving as senior vice president, …

Medical Malpractice Claims in Wisconsin Fall to Record Low

Medical malpractice claims hit a record low last year in Wisconsin, according to the Director of State Courts. The number of medical malpractice lawsuits fell to 84 last year from 140 in 2013. There were 294 suits filed in 1999. …

Lawmakers Likely to Try Again to Reform Michigan’s No-Fault System

Michigan has some of the highest auto insurance rates in the country and auto insurance rate hikes there were higher than those in any other state over the past two years, according to the insurance consulting firm, Perr&Knight. Some see …

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