Iowa News

Federal Law Drives Away Vicarious Liability for Auto Rental Firms

Recent N.Y. $21 Million Jury Award May Be Last of Its Kind in the Nation A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may …

People & Places

Dan Carmichael Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Seth Davis Carmichael joined Ohio Casualty …

MED-MAL MERGER:

ProAssurance Corporation and Physicians Insurance Company of Wisconsin, Inc. have agreed to merge PIC Wisconsin into ProAssurance through a proposed stock-for-stock transaction. The companies said that the merger will expand ProAssurance’s presence in the upper Midwest and provide access to …

Federal Law Puts Brakes on Vicarious Liability for Auto Rental Firms

A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be one of the last of its kind. Inserted among the thousands of road projects …

Federal Law Drives Away Vicarious Liability for Auto Rental Firms

A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be one of the last of its kind. Inserted among the thousands of road projects …

News Briefs

MISSOURI Insurer to Pay $8 Million: State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of …

Dan Carmichael

William Granato Brandon Hickey Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Carmichael joined Ohio Casualty …

Med-Mal Writer PIC Wisconsin Merging with ProAssurance

ProAssurance Corporation and Physicians Insurance Company of Wisconsin, Inc. have agreed to merge PIC Wisconsin into ProAssurance through a proposed stock-for-stock transaction. The medical malpractice insurance companies said that the merger will expand ProAssurance’s presence in the upper Midwest and …

Iowa State Professor Drives Research into Safer Weather-Related Travel

Tom Maze regularly travels the interstate between Ames and the Twin Cities. So he knows when it’s a good idea to delay a trip until the snow stops and the plows clear a path. He also knows the National Academy …

EMC Insurance Group Notes Change to Quota Share Reinsurance Deal

Iowa-based EMC Insurance Group Inc. announced that the terms of the Quota Share Reinsurance Agreement between the company’s reinsurance subsidiary, EMC Reinsurance Company, and Employers Mutual Casualty Company (Employers Mutual), the company’s parent organization, have been revised effective Jan. 1, …