Missouri News

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

Missouri DOI Recommends Workers’ Comp Rate Decrease

The Missouri Department of Insurance is recommending a 4.4 percent decrease in workers’ compensation insurance loss costs for 2015. The key driver of the decrease is the favorable loss experience in 2012, according to the department. “A decrease in large …

Unlicensed Uber Drivers Ticketed by Plainclothes Officers in Missouri Town

Plainclothes Columbia, Mo., police officers have started issuing tickets to drivers with Internet ridesharing company Uber. City staff and Uber had been negotiating regulations that would have licensed rideshare drivers after an application process that included a background check, proof …

Rewards Offered for Information in Missouri Protest Arsons

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives is offering rewards up to $10,000 for information leading to arrests in the intentional fires set after the grand jury announcement in the Ferguson, Mo., police shooting. The ATF announced the …

Lockton Promotes Fischer to VP in St. Louis

The St. Louis, Mo., office of independent insurance broker, Lockton, has promoted Diane Fischer to vice president, unit manager of risk management. Fischer joined Lockton in 2007, with more than 20 years of national account underwriting and broking experience. Since that …

Missouri Seeking Administrator/Insurer for Workers’ Comp Residual Market

The Missouri Department of Insurance, Financial Institutions & Professional Registration is seeking to contract with one or more entities to administer and provide workers’ compensation insurance for the state’s Workers’ Compensation Alternative Residual Market Plan (ARM Plan). All bidders must …

Hlasney Named Director, of Lockton Health Risk Solutions in Kansas City

Todd Hlasney has been promoted to director of Lockton Health Risk Solutions for Lockton’s Kansas City benefits operation. Hlasney joined Lockton in 2013 as a Health Risk Solutions consultant, partnering with client leaders and Lockton account teams to establish the cultural, financial, and operational …

Missouri-Based Cameron Mutual Names Lindquist CFO/Treasurer

Cameron, Mo.-based Cameron Mutual Insurance Co. has appointed Peter A. Lindquist as chief financial officer/treasurer. Lindquist, a CPA who holds the Chartered Property Casualty Underwriter (CPCU) designation, comes to Cameron Mutual from Monitor Liability Managers LLC, in Rolling Meadows, Ill., …

A.M. Best Assigns ‘A’ Rating to Missouri’s American Shield Insurance

A.M. Best announced it assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to American Shield Insurance Co. (American Shield) in Columbia, Mo. The outlook assigned to both ratings is stable. The ratings reflect the implementation …

Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City

Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to permanently conduct business in the city. Lyft officials said that the drivers will stop working for up …