Insurance Journal » Midwest News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 29 Jul 2014 10:38:14 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 Parr Insurance Adds Zivo in Chicago http://www.insurancejournal.com/news/midwest/2014/07/28/335948.htm Mon, 28 Jul 2014 16:24:21 +0000 http://www.insurancejournal.com/?p=335948 Dwight Zivo has been named vice president of marketing for Chicago-based Parr Insurance Brokerage. In his new role, Zivo will be responsible for developing and executing the marketing and brand strategy for the company, which serves high-net-worth individuals and families …

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Ohio-Based Company to Resolve Asbestos Claims for $797M http://www.insurancejournal.com/news/midwest/2014/07/28/335945.htm Mon, 28 Jul 2014 16:23:05 +0000 http://www.insurancejournal.com/?p=335945 RPM International Inc., whose bankrupt Bondex and Specialty Products units may have faced liabilities of more than $1 billion, said it tentatively settled asbestos claims for $797.5 million. The money, allocated over a four-year period, will go into a trust …

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Judge OKs Ohio Workers’ Comp Settlement http://www.insurancejournal.com/news/midwest/2014/07/28/335942.htm Mon, 28 Jul 2014 16:19:56 +0000 http://www.insurancejournal.com/?p=335942 The Ohio Bureau of Workers Compensation will pay out $420 million to state employers that were overcharged for insurance premiums under a settlement approved by a judge. Cuyahoga County Judge Richard McMonagle said the settlement he approved “is good for …

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Height of Iowa Bridge a Challenge for Drivers http://www.insurancejournal.com/news/midwest/2014/07/25/335842.htm Fri, 25 Jul 2014 16:55:32 +0000 http://www.insurancejournal.com/?p=335842 A low bridge in Council Bluffs, Iowa, is proving challenging to motorists. Drivers of tall vehicles have hit the Canadian National Railroad bridge twice this week and at least five times this year. The bridge is on the north side …

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Missouri Makes Insurer Filing Records Available to Public Online http://www.insurancejournal.com/news/midwest/2014/07/25/335832.htm Fri, 25 Jul 2014 16:41:06 +0000 http://www.insurancejournal.com/?p=335832 The Missouri Department of Insurance announced the implementation of a new online tool that allows consumers to view insurance company filing records. Missouri becomes the fifth state to use SERFF Filing Access (SFA) to make such records accessible to the …

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Survey: Michigan Business Owners Optimistic About Future http://www.insurancejournal.com/news/midwest/2014/07/25/335825.htm Fri, 25 Jul 2014 16:37:12 +0000 http://www.insurancejournal.com/?p=335825 Owners of Michigan’s small and medium-size businesses have voiced their confidence in Michigan’s economic future in the latest Future Business Index, published in partnership with the Michigan Business Network and Lansing, Mich.-based Accident Fund Insurance Company of America, the insurer announced. The optimism of …

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Ohio Workers’ Comp Agency Settles Overcharges Lawsuit http://www.insurancejournal.com/news/midwest/2014/07/23/335657.htm Thu, 24 Jul 2014 01:39:02 +0000 http://www.insurancejournal.com/?p=335657 The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between …

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Cause of Blaze at North Dakota Oil Supply Company Unknown http://www.insurancejournal.com/news/midwest/2014/07/23/335655.htm Thu, 24 Jul 2014 00:51:24 +0000 http://www.insurancejournal.com/?p=335655 More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, N.D., authorities still were unable to say what caused the massive blaze. The fire, which started around midnight Monday and …

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Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue http://www.insurancejournal.com/news/midwest/2014/07/23/335653.htm Thu, 24 Jul 2014 00:46:12 +0000 http://www.insurancejournal.com/?p=335653 Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty …

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2,000 Structures in Fargo, N.D., to Need Flood Insurance with Map Changes http://www.insurancejournal.com/news/midwest/2014/07/23/335651.htm Thu, 24 Jul 2014 00:41:05 +0000 http://www.insurancejournal.com/?p=335651 More people will be required to buy flood insurance in Fargo because of a change in flood plain maps. About 2,000 homes and businesses will need insurance when the new Federal Emergency Management Association map goes into effect in January. …

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Wisconsin High Court Partially Sides with Railroad in Parade Case http://www.insurancejournal.com/news/midwest/2014/07/23/335606.htm Wed, 23 Jul 2014 16:34:54 +0000 http://www.insurancejournal.com/?p=335606 A Memorial Day parade that led to a traffic jam blocking railroad tracks in a Milwaukee suburb did not amount to a specific hazard that could make the railroad company liable for striking a minivan, the Wisconsin Supreme Court has …

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Iowa Town Gets $1M Federal Grant for Flood Protection http://www.insurancejournal.com/news/midwest/2014/07/23/335603.htm Wed, 23 Jul 2014 16:24:47 +0000 http://www.insurancejournal.com/?p=335603 The city of Eddyville, Iowa, is getting more than $1 million to improve its stormwater handling system to protect the city from Des Moines River flooding. The funding, announced by U.S. Rep. Dave Loebsack, comes from the Federal Emergency Management …

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Trucking Company Seeks Limit on Suits over Indiana Highway Repair Costs http://www.insurancejournal.com/news/midwest/2014/07/23/335594.htm Wed, 23 Jul 2014 16:19:45 +0000 http://www.insurancejournal.com/?p=335594 A trucking company wants the state appeals court to limit the Indiana Department of Transportation’s authority to sue over damage done to state highways. The challenge is in court as the highway agency is trying to collect more from those …

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Train Crash in Wisconsin Injures 2, Spills Oil http://www.insurancejournal.com/news/midwest/2014/07/22/335451.htm Tue, 22 Jul 2014 14:42:57 +0000 http://www.insurancejournal.com/?p=335451 A Canadian National Railway Co. train struck another freight train as it rolled through a small village in Wisconsin, causing cars to derail, injuring two people and spilling thousands of gallons of diesel oil that prompted the evacuation of dozens …

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Ohio Woman’s Injuries Reveals Cars’ Vulnerability to Rocks http://www.insurancejournal.com/news/midwest/2014/07/22/335390.htm Tue, 22 Jul 2014 04:55:25 +0000 http://www.insurancejournal.com/?p=335390 A rock-throwing attack that left an Ohio woman with serious injuries is a reminder of how vulnerable motorists are when someone decides to target random victims from a highway bridge or overpass. As 52-year-old middle school language arts teacher Sharon Budd …

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Columbia Insurance Group Hires Klug as New CFO http://www.insurancejournal.com/news/midwest/2014/07/22/335386.htm Tue, 22 Jul 2014 04:47:31 +0000 http://www.insurancejournal.com/?p=335386 Missouri-based Columbia Insurance Group (CIG) welcomed Kansas native Kelly Klug, as its new chief financial officer, senior vice president and treasurer. Klug is a trusted insurance and financial professional with over 30 years of proven success. Throughout his career, he …

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Kansas Firefighters to Benefit from $12M Relief Fund Distribution http://www.insurancejournal.com/news/midwest/2014/07/21/335247.htm Mon, 21 Jul 2014 05:39:09 +0000 http://www.insurancejournal.com/?p=335247 Kansas Insurance Commissioner Sandy Praeger currently is making the annual funds distribution to state and local firefighter relief organizations. Nearly $12 million will be distributed among 569 local Firefighters Relief Associations (FRAs) across the state. That is nearly $342,000 more …

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Flood Damage Costs Continue to Climb in Minnesota http://www.insurancejournal.com/news/midwest/2014/07/21/335238.htm Mon, 21 Jul 2014 05:25:34 +0000 http://www.insurancejournal.com/?p=335238 Minnesota communities are trying to bounce back from last month’s flooding as damage estimates continue to rise. The state’s deputy director of Homeland Security and Emergency Management, Joe Kelly, said last month’s excessive rainfall led to a unique disaster. “It’s …

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Missouri Man Pleads Guilty to Lightning Rod Insurance Scam http://www.insurancejournal.com/news/midwest/2014/07/20/335278.htm Sun, 20 Jul 2014 16:45:33 +0000 http://www.insurancejournal.com/?p=335278 A 52-year-old Missouri man has been sentenced to probation in a lightning rod insurance scam that targeted elderly residents. Kansas Attorney General Derek Schmidt said in a release that Donald Anthony Moses of Neosho, Mo., was sentenced to two years …

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Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme http://www.insurancejournal.com/news/midwest/2014/07/18/335245.htm Fri, 18 Jul 2014 16:35:25 +0000 http://www.insurancejournal.com/?p=335245 A Memphis, Tenn., business owner pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that Earl …

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Hailstorm Damages Crops in Northeastern Wisconsin http://www.insurancejournal.com/news/midwest/2014/07/18/335236.htm Fri, 18 Jul 2014 16:25:07 +0000 http://www.insurancejournal.com/?p=335236 A severe hailstorm caused significant damage to crops in northeastern Wisconsin, farmers and researchers said. Matt Stasiak, an agricultural researcher, tells the Door County Advocate the hail crushed cherry trees, grapevines, winter wheat, corn and other crops in Sevastopol on …

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Rauch Named Vice President of Marketing at Ohio-Based Central Insurance http://www.insurancejournal.com/news/midwest/2014/07/17/335169.htm Fri, 18 Jul 2014 01:06:18 +0000 http://www.insurancejournal.com/?p=335169 The Central Insurance Companies, based in Van Wert, Ohio, has promoted Timothy L. Rauch, to vice president of marketing for both Central Mutual and All America Insurance Companies. Rauch will replace current Senior Vice President of Marketing Edd Buhl when …

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Ellington Mutual Insurance Co. Ratings Downgraded, Withdrawn http://www.insurancejournal.com/news/midwest/2014/07/17/335083.htm Thu, 17 Jul 2014 16:45:35 +0000 http://www.insurancejournal.com/?p=335083 A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Ellington Mutual Insurance Co. (EMIC) in Hortonville, Wis. The outlook for both ratings remains negative. Concurrently, A.M. Best …

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Wisconsin Regulators Say 166,000 Gained Insurance Coverage http://www.insurancejournal.com/news/midwest/2014/07/17/335078.htm Thu, 17 Jul 2014 16:40:19 +0000 http://www.insurancejournal.com/?p=335078 Newly released numbers by the Wisconsin Insurance Commissioner’s office shows that nearly 166,000 Wisconsin residents purchased health insurance by June 1. But it’s not known how many of those people were previously uninsured. Gov. Scott Walker has promised to cut …

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Hearing Set in Insurance Fraud Case Against Former Kansas Agent http://www.insurancejournal.com/news/midwest/2014/07/17/335076.htm Thu, 17 Jul 2014 16:38:36 +0000 http://www.insurancejournal.com/?p=335076 A federal judge will hear arguments on whether to dismiss the bulk of a wide-ranging indictment accusing a former Kansas insurance agent with stealing nearly $2 million from policyholders. U.S. District Judge J. Thomas Marten set a July 28 date …

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Cost to Indiana City for Wabash River Levee Repairs Estimated at $2M http://www.insurancejournal.com/news/midwest/2014/07/17/335074.htm Thu, 17 Jul 2014 16:22:50 +0000 http://www.insurancejournal.com/?p=335074 A southwestern Indiana city will need to spend more than $2 million to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees can be …

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Ban Against Lyft Ride Sharing Service Extended in St. Louis http://www.insurancejournal.com/news/midwest/2014/07/16/334816.htm Wed, 16 Jul 2014 16:34:53 +0000 http://www.insurancejournal.com/?p=334816 A St. Louis, Mo., judge extended a temporary restraining order that bans the ride-sharing service Lyft from operating in the city or St. Louis County. St. Louis Circuit Judge Joan Moriarty said this week that Lyft cannot operate until a …

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Iroquois Group Adds Source Insurance in Indiana http://www.insurancejournal.com/news/midwest/2014/07/16/334813.htm Wed, 16 Jul 2014 16:32:03 +0000 http://www.insurancejournal.com/?p=334813 The Source Insurance Group & Financial Services LLC of Fishers, Ind., joined agency network The Iroquois Group on June 18. Iroquois, a network of property and casualty insurance agencies, now lists more than 2,000 member agencies in 39 states. Source: …

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M3 Insurance Promotes Schreiber to Surety Account Executive http://www.insurancejournal.com/news/midwest/2014/07/16/334810.htm Wed, 16 Jul 2014 16:29:55 +0000 http://www.insurancejournal.com/?p=334810 Wisconsin-based independent insurance agency M3 Insurance has promoted Travis Schreiber to surety account executive. Schreiber serves as M3’s in-house surety expert and advisor, managing relationships between surety companies and M3 clients, and partnering with M3’s property/casualty sales team to ensure …

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Unlicensed Auto Insurance Robo-Caller Fined $191K by Minnesota Regulators http://www.insurancejournal.com/news/midwest/2014/07/16/334787.htm Wed, 16 Jul 2014 15:48:50 +0000 http://www.insurancejournal.com/?p=334787 An unlicensed commercial entity has been ordered by Minnesota commerce regulators to pay $191,185 in civil penalties for making numerous fraudulent and unlicensed auto insurance solicitations to consumers in that state. The Minnesota Department of Commerce imposed the fine on …

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