Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
Indiana Premium Tax Veto Overriden; Lower Tax Rate Takes Effect
Jan 24 2001 // The Indiana Senate joined with the House today, voting 49-0 to override Gov.Frank O’Bannon’s veto of legislation that lowers the state’s premium tax rate. “With the veto override, the industry has...
Indiana Legislature Takes First Step in Overriding Premium Tax Veto
Jan 18 2001 // The Indiana House voted Tuesday to override Gov. Frank O’Bannon’s veto of legislation that would lower the state’s premium tax rate. The National Association of Independent Insurers supports this effort...
TWCIF GETS IN THE GIVING SPIRIT
Nov 20 2000 // The Texas Workers’ Comp. Insurance Fund has plans to pay roughly $25 million in dividends to select policyholders this month, representing close to 10 percent of the Fund’s 1999 premiums. The state-created...
DECISION SOON IN LLOYD’S CASE
Nov 6 2000 // The judge’s decision in the Jaffray case against Lloyd’s is expected within the next two weeks. The suit by some 200 “Names” seeks damages for fraud related to their recruitment as investors by...
Young Agents Committee of Indiana Named 2000 Outstanding
Oct 30 2000 // The Indiana Young Agents Committee was one of several state associations that were honored with national awards of excellence at IIAA’s 2000 Young Agents Leadership Conference, held Oct. 28-30 at the Orlando World...
AIG IN THE DRIVER’S SEAT
Oct 30 2000 // American International Group Inc. announced that its member companies have entered into a number of strategic alliances to provide insurance products and services to users of leading automotive-related sites including...
Ohio Insurer to Meridian Insurance Group
Oct 27 2000 // Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a share, or more than $228 million, to buy the large Indiana insurer. The deal, announced late Wednesday,...
American Union Defends Meridian Offer
Sep 27 2000 // Defending its second tender offer for Meridian Insurance Group, American Union Insurance Co. said Tuesday that disclosure laws governing tender offers are not intended to entrench management at the expense of...
E-SIGNATURES IN THE EU
Sep 4 2000 // The German cabinet unveiled a draft bill last month to develop a standard for electronic signatures in Internet commerce. The move is in step with a European Union initiative and follows the EU’s approval of a...
FRONTIER SUED IN NY
Aug 21 2000 // A class action lawsuit was filed in U.S. District Court for the Southern District of New York on behalf of all individuals who purchased Frontier Insurance Group Inc. securities during the Class Period between Aug. 5,...
Indiana Regulators to Investigate State Farm
Aug 7 2000 // Indiana insurance regulators are set to investigate whether State Farm Mutual Auto Insurance Co. unfairly denies or limits medical claims of crash victims. Critics say some “utilization review” firms hired by...
JOINT CONVENTION IN THE WORKS
Aug 7 2000 // In a first for the insurance industry, the Independent Insurance Agents of America’s (IIAA) 2000 annual meeting will be a joint industry affair, with agents from the National African-American Insurance Association...
GULF, FRONTIER IN AGREEMENT
Aug 7 2000 // Gulf Insurance Group and Frontier Insurance Group have reached an agreement in principle whereby Gulf Insurance Company and its subsidiaries will acquire the renewal rights to Frontier’s environmental, excess and...
FREE MARKET TRADE USHERED IN
Jul 24 2000 // An agreement signed July 13 between the United States and Vietnam will mean an economic boost for the communist nation and a new market for U.S. goods. On Friday, Vietnamese Trade Minister Vu Khoan praised the deal,...
FRANKEL PLEADS GUILTY IN GERMANY
Jun 26 2000 // Martin Frankel, the financier that bilked several U.S. insurance companies of millions of dollars before disappearing and launching an international manhunt, has pleaded guilty to tax evasion charges in a German court....
Surplus Line Association Sets Premium Record in 1999, LOOKS AHEAD IN 2000
Jun 26 2000 // After processing a record $1,524,697,215 in premiums during 1999, the Surplus Line Association of California (SLA) continued to post an increase in premium volume through May of 2000. The overall numbers imply that the SLA...
HIKING IT UP IN NEVADA
Jun 12 2000 // Nevada Insurance Commissioner Alice Molasky-Arman approved the proposed filing submitted by the National Council on Compensation Insurance (NCCI) for an overall workers’ comp premium increase of 6.3 percent. The new...
BREAKTHROUGH IN WTO
May 29 2000 // On May 19, the European Union and China announced that they had reached a compromise on the terms of a trade agreement that would lead to China’s entry into the World Trade Organization (WTO). At issue was EU demands...
IN RECEIVERSHIP
May 15 2000 // A Texas State District Judge has signed an order placing Bankers Commercial Life Insurance Co. of Dallas in temporary receivership. The company, founded in 1955, writes primarily Medicare supplement insurance and has...
