Nebraska News

People

Rolling Meadows, Ill.-based C. W. Olson and Co., an affiliate of the full-service insurance brokerage firm Associated Agencies Inc., promoted Matthew Meliker to executive vice president and in-house counsel. Meliker, a resident of Itasca, Ill., has practiced law since May …

Insurer to Pay Bulk of $900K Settlement in Nebraska Fraud Case

A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s insurer,Quanta Specialty Lines Insurance Co., will pay most …

2008 Losses Lead to Record Insurance Payments to Midwest Farmers

The National Crop Insurance Services trade group says a record $8.6 billion in crop insurance indemnity payments has been made to U.S. farmers for crop losses in 2008, and a lot of that money went to farmers in the Midwest. …

People

Illinois Governor Pat Quinn named Michael McRaith director of the newly created Department of Insurance (DOI), which separated from the Illinois Department of Financial and Professional Regulation (IDFPR) on June 1, 2009. Quinn also asked Brent Adams to serve as …

It Figures

$152,000 A former, now deceased, employee of Columbus, Ohio-based State Auto Insurance Companies left the insurer $152,000 – half of his estate. In his will, Jack Boyle said the bequest was in gratitude for his livelihood and his good pension …

Midwest Medical Insurance Promotes Trygg to Assistant VP

Minneapolis, Min.-based medical professional liability insurance company, Midwest Medical Insurance Company (MMIC), has promoted Lori Trygg to assistant vice president of Law and Health Policy. She will continue to serve as associate general counsel and compliance office for the company. …

Missouri Joins Interstate Insurance Product Regulation Compact

Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …

Iowa’s Grinnell Mutual Awards $50K in Scholarships

Grinnell Mutual Reinsurance Company, through its independent agency force, has recently awarded 50 Road to Success scholarships to high school seniors throughout its 10-state writing area including Iowa, Illinois, Indiana, Wisconsin, Ohio, Minnesota, Missouri, North Dakota, Nebraska and South Dakota. …

$1M in Liability Coverage Needed for Nebraska Highway Hay

Permits are available for people who want to harvest hay from alongside Nebraska state highways near their land. Applicants must prove they have $1 million in liability insurance. Until July 30, those landowners will have first crack at harvesting the …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …