Minnesota News

RTW Gets License for Second Insurance Subsidiary

RTW Inc. has received a Minnesota insurance license for its new Bloomington Compensation Insurance Co. subsidiary, the company said today. Bloomington, Minn.-based RTW said the new subsidiary will complement its existing insurance company, American Compensation Insurance Co. American Compensation generally …

Employers in Midwest Pay Lower Hourly Cost Per Employee

Even figuring in the relatively high cost of workers’ compenstion insurance, employers in Midwestern states like Missouri and Illinois paid a lower hourly costs for employee compensation than the national average. According to data released today by the Bureau of …

Aon Names Van Dellen Sr. VP

Aon has appointed Henry Van Dellen as a senior vice president and Minneapolis office Health & Welfare practice leader for Aon Consulting, effective immediately. Van Dellen joins Aon from Willis, where he most recently served as employee benefits practice leader. …

People & Places

David W. Tralka InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the bank’s founding in 2001. …

Midwest Insurers Pitch In for Katrina Relief

In the wake of Hurricane Katrina, insurers in the Midwest rose to the challenge, not only by getting adjusters on the ground as quickly as possible, but offering volunteer services and monetary contributions as well. The efforts ranging from the …

Case Law Watch

This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLC and edited by insurance lawyer Kevin T. Merriman (kmerriman@goldbergsegalla.com). Cain vs. Griffin (Indiana Court of Appeals, …

Wisconsin Senate Committee Kills “All Sums” Bill

A Wisconsin Senate Committee has killed the “all sums” bill, a measure vehemently opposed by the insurance industry. A.B. 222 (Senate Bill 137), was defeated in the Senate Committee on Agriculture and Insurance by a vote of 6-1 on Sept. …

MOST MINN. EMPLOYERS OFFER MED BENEFITS:

More than half of Minnesota employers offer paid medical insurance to full-time employees, according to the 2005 Minnesota Employee Benefits Survey. About 53 percent of firms offer paid medical insurance, while just 12 percent offer benefits to part-time employees, according …

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, named Carl Bach executive vice presiden

InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the bank’s founding in 2001. Herlihy left InsurBanc …

Business Moves

Marsh, Crump Group Marsh & McLennan Cos., the world’s largest insurance broker, has agreed to sell the Crump Group Inc. wholesale brokerage business of its Marsh Inc. unit to an affiliate of J.C. Flowers & Co., a New York-based private …