Wisconsin News

Wisconsin Democrats Back Away From Liability Change

Wisconsin Assembly Democrats backed away from changes to the state’s contributory negligence law pushed by Gov. Jim Doyle and trial attorneys but opposed by a coalition of businesses and others. Democrats voted behind closed doors to remove an item in …

Ohio’s State Auto Announces New Management Positions

Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company have announced new managers in various divisions. Robert (Bob) A. Bachtell is claim manager for State Auto’s Ohio region. Bachtell joined Midwest Security Insurance Company …

Businesses Object to New Wisconsin Law Allowing Punitive Damages

Wisconsin Gov. Jim Doyle, has signed into law Senate Bill 20, which enhances discrimination protections for workers in the state. The bill requires employers with more than 15 employees who are convicted of engaging in discriminatory employment practices to pay …

Zurich Names Bartnick North Central Property Regional Manager

Property and casualty insurance provider, Zurich, announced that its Global Corporate in North America (GCiNA) unit named David Bartnick as its North Central Property regional manager. The North Central region includes 11 states – Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, …

Ex-Wisconsin Insurance Executive Charged in Scam

A former Wisconsin insurance executive and a business associate have been indicted on charges of carrying out what prosecutors called a years-long scam to defraud a major insurer of more than $800,000. An indictment returned in U.S. District Court in …

Ratings: Guardian, Golden Bear, ARIC, SUIC, First American, Seminole

A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company, headquartered in the U.S. Virgin Islands, both with stable outlooks. Best said the …

Report: Bank Insurance Brokerage Income Falls Slightly in 2008

Bank holding companies’ (BHC) insurance brokerage income overall experienced a 3.6 percent drop in 2008, the first decline in total BHC brokerage income since 2001, according to a new industry report. “BHCs with assets greater than $10 billion, and, principally, …

Federal Grant for Spring Green as Flood Aid

A federal grant will allow Spring Green, Wis., to buy and remove 28 houses damaged by severe flooding a year ago in the village near the Wisconsin River in Sauk County. The Federal Emergency Management Agency announced the $4 million …

Ratings Recap: GeoVera, Catholic Knights, Auto Owners, Church Mutual

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Calif.-based GeoVera Insurance Group and its P/C members. “The ratings and …

People

Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …