Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
TORT REFORM BILL FILED IN ARK.
Jan 27 2003 // The Arkansas business community is behind a tort reform effort and the introduction of a bill that many believe will help restore rationality to the state’s tort system. According to the National Association of...
Five Bills Introduced in Ind. to Reportedly Restrict Credit Use By Insurers
Jan 24 2003 // During the first three weeks of the 2003 session, Indiana legislators have introduced five bills that would reportedly restrict the use of credit information in underwriting and rating policies, continuing a major debate...
LIBERTY MUTUAL AUTO RATE CHANGE APPROVED IN NEVADA
Jan 13 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire...
AWARD SLASHED IN MOLD CASE
Jan 13 2003 // The Third Court of Appeals in Austin found that Farmers Insurance Group had both acted in bad faith and violated the state’s deceptive trade practices law in a landmark case that originally saddled the company with a...
INSURER IN RECEIVERSHIP
Jan 13 2003 // Oklahoma Insurance Commissioner Carroll Fisher obtained a temporary court order placing Fairway Employment Services into receivership. According to the insurance department Fairway, along with a number of affiliated...
Two Tallahassee Ind. Agencies Merge To Form Area’s Largest
Jan 9 2003 // Two of Tallahassee, Fla.’s oldest and largest independent insurance agencies, Rogers, Atkins, Gunter & Associates and Vaughn Insurance Agency, announced they merged into one company effective January 1, 2003....
Hub International to Purchase Fifth Third Insurance Services
Dec 30 2002 // Chicago-based Hub International Limited announced an agreement to purchase Fifth Third Insurance Services, Inc., an insurance brokerage subsidiary of Cincinnati-based Fifth Third Bancorp. “The acquisition, which is...
PROBLEMS IN RESIDUAL AUTO MARKET
Dec 16 2002 // A recent report by issued by the Alliance of American Insurers shows that despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in...
CRACKDOWN ON AGENTS IN LA.
Nov 25 2002 // The Louisiana Department of Insurance Fraud Unit investigators served cease and desist and summary suspension orders to licensed insurance agent Tommy Ray Dean of Shreveport, the day after the department served a C&D...
Ind. Agents and Brokers Continue to Increase Market Share in Personal, Commercial Lines
Nov 15 2002 // Independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets, the Independent Insurance Agents & Brokers of America’s (IIABA) annual market share study...
DIMINISHED VALUE CONSIDERED IN TX
Nov 11 2002 // The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an...
NO HIKE NOW FOR STATE FARM IN LA.
Nov 11 2002 // Louisiana insurance regulators recently said “no dice” to State Farm Insurance Companies’ request to raise premiums for apartment and church insurance policies, and for rental dwelling coverage, at least...
A&E LOSSES RISE IN 2001
Nov 11 2002 // A special report recently released by A.M. Best Co., “Largest Increase in A&E Losses to Date Seen in 2001,” suggests that the property/casualty industry will ultimately incur more than $121 billion in net...
Indiana Farm Bureau Insurance Seeking Project XL Participants
Oct 28 2002 // Indiana Farm Bureau Insurance has issued a bulletin reminding the state’s high school students to begin planning for their participation in the company’s annual “Project XL (Excel)” creative arts...
A.M. BEST E&S REVIEW REPORTS 35 PERCENT INCREASE IN DIRECT PREMIUM VOLUME
Oct 28 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
ALLEGED FRAUD IN GUN BARREL CITY
Oct 28 2002 // Texas Mutual Insurance Co. reported that a Travis County Grand Jury indicted Stan and Cynthia Doze, operators of Doze Construction Co. Inc., on a second-degree felony charge related to workers’ compensation premium...
12 ARRESTED IN LA. SWEEP
Oct 28 2002 // The Louisiana Attorney General’s Office Investigations Division announced that a statewide sweep resulted in the arrests of 12 people for allegedly falsifying workers’ compensation documents and, in some cases,...
SAFECO Invites Ind. Agents and Advisors to PlayBall
Oct 23 2002 // SAFECO has invited independent agents and financial advisors countrywide to nominate a local park or youth baseball field that needs a new electronic scoreboard in the agent’s community through its PlayBall...
Indiana Cases Focus on ‘Diminished Value’ Claims
Oct 22 2002 // An Indiana resident has filed suit in Federal Court in Indianapolis against his insurance company, alleging that, although his car was repaired after an accident, he was unable to obtain a reasonable price for it, and...
Horizon Sells Commercial Insurance Lines To GIS
Oct 22 2002 // Indiana’s Horizon Insurance Services, Inc. (HIS), a subsidiary of Horizon Bancorp, announced that it has sold its commercial and group insurance lines to General Insurance Service (GIS) effective Nov. 1, 2002. The...
