Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
ABS EQECAT TO HOLD 2003 EUROPEAN CATASTROPHE MANAGEMENT SUMMT IN BARCELONA
Apr 21 2003 // Oakland-based EQECAT, Inc. announced that its 2003 European Catastrophe Management Summit will take place on June 24-27 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit...
N.Y. Ind. Agents Push for Swift Leg. Action to Avert Looming Crisis in State’s Property Market
Apr 14 2003 // Time is quickly running out for the New York State Legislature to reportedly avert a disruption in the state’s property insurance market. At the same time, according to the Independent Insurance Agents Association of...
AAI CONTINUES TO FIGHT EFFORTS TO BAN CONFIDENTIAL SETTLEMENT IN CALIF
Apr 7 2003 // A bill introduced in the California Senate is the latest in a series of attempts by the trial bar to restrict the use of confidentiality and settlement agreements in certain legal actions, according to the Alliance of...
INSURANCE BUREAU OF CANADA SAYS INDUSTRY REACHED A ‘NEW LOW’ IN 2002
Apr 7 2003 // Borrowing a phrase from Britain’s Queen Elizabeth the Insurance Bureau of Canada labeled the year 2002 an “Anni horribiles” as it reported that the financial results for the country’s P/C insurers...
TORT REFORM BILL OK’D IN ARK.
Apr 7 2003 // The American Insurance Association praised Arkansas Governor Huckabee for signing significant tort reform legislation passed in the state legislature. AIA said the bill will help “lower the cost of tort claims and...
FOURTH ANNUAL EDUCATIONAL FORUM SET FOR APRIL 17 IN WALNUT CREEK, CALIF
Mar 24 2003 // The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Fund-Child Abuse Prevention Program (IICF-CAPP) are presenting their Fourth Annual Insurance Educational Forum “Insuring the Future” for the...
P/C INSURERS’ PREMIUMS SURGE $28B IN FIRST THREE QUARTERS OF 2002
Mar 24 2003 // Premiums earned by the nation’s property and casualty insurers surged $27.8 billion, or 12 percent, during the first three quarters of 2002, to $258.7 billion from $230.9 billion during the same period in 2001,...
Clarifying ‘Election of Remedies’ in Workers’ Comp Claims
Mar 24 2003 // In a flurry of recent cases, Texas courts have tried to clarify various issues regarding election of remedies in the context of workers’ compensation insurance. These issues arise in various circumstances. Two...
CaliforniaSelect Releases Homeowners Program to Ind. Agents
Mar 18 2003 // CaliforniaSelect Insurance Agency, Inc., an affiliate of the Vesta Insurance Group (NYSE: VTA) announced the launch of a residential property program in California. CaliforniaSelect, part of Vesta’s Select Group of...
P/C RESERVES IN FOR TIGHTER SCRUTINY
Mar 10 2003 // The property/casualty industry’s reserves will be scrutinized more closely, Fitch Ratings has announced. Specifically, Fitch’s analyses will target reserves from U.S. casualty business written between 1997 and...
ARBITRATION USE FOR RESOLVING INTER-INSURANCE DISPUTES JUMPS NEARLY 25 PERCENT IN 2002
Mar 10 2003 // The use of arbitration by property/casualty companies and self-insureds to resolve inter-company claims disputes surged nearly 25 percent in 2002, according to Arbitration Forums Inc. (AF). AF, a nonprofit provider of...
UCITA DEAD IN OKLAHOMA
Mar 10 2003 // Proponents of the Uniform Computer Information Transactions Act (UCITA) suffered a double setback as UCITA legislation (SB697) in Oklahoma died in the Senate Appropriations Committee and the American Bar Association (ABA)...
ATNIP PLEADS GUILTY IN ARK.
Mar 10 2003 // Arkansas Insurance Commissioner Mike Pickens announced that Gary Atnip, an alleged co-conspirator with Martin Frankel, entered a guilty plea to a felony charge of violating the maintenance of home office records law. The...
Several Midwestern States Revisit Insurance Scoring
Mar 6 2003 // The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent...
TORT COSTS ROSE IN 2001
Feb 24 2003 // The U.S. tort system cost $205 billion in 2001, or $721 per U.S. citizen, representing a 14.3 percent increase in tort costs since the year 2000, according to a study by Tillinghast- Towers Perin (Tillinghast) in...
First Financial Bancorp to Buy Indiana Agency
Feb 11 2003 // First Financial Bancorp has signed a definitive agreement for the cash purchase of a Connersville, Ind., insurance agency. The Feb. 7 agreement indicates that the agency would operate as a full-service office of Flagstone...
IIABA’s Virtual Univ. Offering New Sales Skills Programs to Ind. Agents, Brokers
Feb 10 2003 // The Big “I” Virtual University (VU) of the Independent Insurance Agents & Brokers of America (IIABA) is now offering Richardson QuickSkills™: a four-star rated portfolio of online sales skills programs...
AAI Says Proposed Ind. Credit Scoring Restrictions Could Do More Harm Than Good
Jan 27 2003 // A measure placing additional restrictions on insurer use of credit scores that passed an Indiana House panel late last week could harm an already healthy property/casualty market, thereby harming consumers, according to...
NEW BILLS GO LIVE IN CALIF
Jan 27 2003 // California Gov. Gray Davis and the Democratic-controlled state Legislature came to agreement on 1,168 bills during the last session, making it the most bills Davis has signed in a single year since taking office in 1999. A...
RMS EXPANDS WEATHER DATABASE IN U.S., EUROPE
Jan 27 2003 // Risk Management Solutions (RMS), a provider of products and services for managing natural hazard risks, has expanded the weather databases in its ClimetrixTM weather derivatives trading and risk management system to...
