Kansas News

Editor’s Note: 2006 Begins with Politics Up Front; State Legislatures Tackle Auto Issues

Midwesterners have never been known to take a “back seat” on anything. Seizing the opportunity seems to come naturally to us. A case in point is the recent scramble by three Midwestern congressmen to jump into the spot of House …

News Currents

Zurich and Hellman & Friedman call off Universal Underwriters sale after regulatory issues surface Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private equity investment firm, jointly announced that they have agreed not …

Swiss Re Plans GE Job Cuts

While Swiss Re and General Electric are working to close the sale of GE Insurance Solutions, it seems that less GE employees will be working at all when the deal is completed. Swiss Re indicated on Wednesday, Jan. 18, that …

Kansas Insurance Commissioner Faces Challenge to Re-election

Insurance Commissioner Sandy Praeger is facing a serious challenge to her re-election within the Republican Party — from a legislator who argues she isn’t pro-business enough. Rep. Eric Carter of Overland Park began this year with nearly $94,000 for his …

RISC Launches New Commercial Auto Market in Okla.

RISC Inc. announced it is rolling out a new commercial auto market in Oklahoma. Coverage highlight include: –Service vehicles of all types –Waste disposal; salvage and recycling operations –Oil Lease Operators and Oilfield Contractors –Contractors of most types –New ventures …

Zurich, Hellman & Friedman Call Off Universal Underwriters Sale

Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private equity investment firm, jointly announced that they have agreed not to proceed with the sale of Zurich’s wholly owned Universal Underwriters Group to an …

Buyout of Universal Underwriters Insurance Canceled;Customers to Receive Large Refunds

The Kansas City Star reported today that the proposed $1.1 billion sale of Universal Underwriters Insurance Co. has fallen through following a regulatory examination that may mandate refunds to customers in the amount of tens of millions of dollars. Zurich …

Health Insurance Plan: New Option for Low-income Kansas Residents

Low-income Kansas residents, who have not had health insurance for more than a year, may qualify for a new program that promises half-price premiums, Blue Cross and Blue Shield of Kansas announced this week. Named “Value Blue,” the new program …

Satellite Images Used to Detect Crop Insurance Fraud

Satellites have been connected with space explorations, monitoring crop conditions around the globe, helping commodities markets price the product and more. Few of us think of satellite images showing up in courtrooms to help prosecutors prove crop insurance fraud. Times …

AMC Now Offering Bundled Coverage for Farm Operations

Conway, Ark.-based American Management Corporation reported it now allows farmers to insure all of their farm operations with one policy. Through a new partnership with St. Paul Traveler’s AMC agents are able to offer farmers coverage for agriculture business needs …