Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
New Markets
Nov 20 2005 // Motor Carriers Suite Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and...
Indiana High Court Rules Against Diminution of Value
Nov 20 2005 // The Indiana Supreme Court last month ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views...
Ind. Tornado Losses Top $10 Million
Nov 9 2005 // Preliminary estimates for insured losses arising from the surprise tornado that struck southern Indiana on Sunday stands at $10 million, according to the Insurance Institute of Indiana. Twenty-two people died and about 230...
Ind. Gov. Declares Post-Tornado State of Emergency
Nov 8 2005 // Indiana Gov. Mitch Daniels declared a statewide emergency on Monday and asked President George W. Bush for federal assistance for Hoosiers devastated by a tornado and severe storms that affected parts of Indiana during...
NAMIC APPLAUDS ASSOCIATIONS’ ROLE IN SHAPING PUBLIC POLICY
Nov 7 2005 // The importance of state insurance associations in shaping public policy was acknowledged by Charles M. Chamness, president of the National Association of Mutual Insurance Companies in an address in Savannah, Ga., to the...
Ind. High Court Rules Against Diminution of Value
Oct 27 2005 // The Indiana Supreme Court today ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views the...
JUDGE THROWS OUT $700 MILLION JURY AWARD IN EXECUTIVE LIFE SUIT
Oct 17 2005 // A federal judge has thrown out a $700 million (euro586 million) award for punitive damages won by the state of California in a lawsuit stemming from the takeover of failed insurer Executive Life by French investors. U.S....
News Briefs
Oct 17 2005 // OHIO Hospital Group Sues WC Bureau: The Ohio Hospital Association and a member hospital sued the Ohio Bureau of Workers’ Compensation in September on claims the state did not follow legal processes for a $50 million...
IND. TARGETS UNEMPLOYMENT SYSTEM:
Oct 3 2005 // The Indiana Department of Workforce Development (IDWD) has taken another step toward modernizing its unemployment insurance system by contracting with Carmel, Ind.-based Haverstick Consulting Inc. as the prime vendor for...
SOUTHGROUP ONLINE IN JACKSON
Oct 3 2005 // “After Hurricane Katrina, it looked as if a bomb had ex-ploded in Hatties-burg, Miss.,” Gray Montgomery, of SouthGroup Insur-ance Services told Insurance Journal. SouthGroup, headquartered in Jackson, Miss.,...
‘CONCERNS’ REMAIN IN WORK COMP SYSTEM
Oct 3 2005 // The Workers’ Compensation Research Institute reported that Ar-kansas’ workers’ compensation system has experienced a period of stability after extensive reforms were passed in 1993, but maintained that...
News Briefs
Oct 3 2005 // INDIANA Ind. Targets Unemployment System: The Indiana Department of Workforce Development (IDWD) has taken another step toward modernizing its unemployment insurance system by contracting with Carmel, Ind.-based Haverstick...
Wells Fargo Acquires JS Crop Insurance
Sep 28 2005 // Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to...
Indiana Agent Named to “Big I” Executive Committee
Sep 20 2005 // Indiana insurance agent J. Michael Miley has been elected to the Executive Committee of the Independent Insurance Agents & Brokers of America (the Big “I”). Miley, an account executive with Gibson...
INSURERS TO PAY $50M IN JACKSONVILLE INCINERATOR CLEANUP
Sep 19 2005 // Insurance companies formerly insuring Jacksonville, Fla. will pay $50 million, while the city will pay $25 million, in the $75 million settlement of a class-action lawsuit filed in 2003 by local residents. The city settled...
Indiana Targets Insurance for Economic Development
Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives. Chrysler, an Indiana native and former...
Indiana Targets Insurance for Economic Development
Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives. Chrysler, an Indiana native and former...
NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII:
Sep 5 2005 // The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance consumers. According to NAMIC State Affairs...
CREDIT-BASED INSURANCE SCORING ESSENTIAL IN ALASKA:
Sep 5 2005 // In response to proposed regulations that would prohibit the use of credit-based insurance scoring in the renewal of insurance policy underwriting, NAMIC testified on Aug. 30 at an Alaska Division of Insurance hearing that...
COMMISSIONER ANNOUNCES -26.78 PERCENT RATE DECREASE IN WORKERS’ COMP:
Aug 22 2005 // California Insurance Commissioner John Garamendi announced that workers’ compensation insurers in the state filed rate reductions averaging -14.6 percent for policies incepting on or after July 1, 2005 bringing the...
