Latest Indiana Headlines
All the headlines from our Indiana Topic Page, ordered by recency.
NAMIC Expands State Advocacy Resources
Oct 14 2002 // Responding to the reported frustrations of member companies burdened by the cost of state insurance regulation, the National Association of Mutual Insurance Companies (NAMIC) has named Marsha Harrison, formerly vice...
WEISS REPORTS P/C INSURERS POST $5.5B PROFIT IN 1stQ 2002
Oct 14 2002 // The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss...
COLONIAL CASUALTY IN TROUBLE
Oct 14 2002 // A Travis County Grand Jury handed down indictments to a Texas couple alleging that the two stole over $1 million from Colonial Casualty Insurance Company, a workers compensation insurance company based in Dallas. The...
LILI, ISIDORE WREAK HAVOC IN LA.
Oct 14 2002 // Acting Louisiana Insurance Commissioner Robert Wooley estimated damages to his state from Hurricane Lili to be at least $170 million in insured losses but lowered estimated insured damages from Tropical Storm Isidore to...
STATE FARM GETS INCREASES IN LA.
Sep 30 2002 // The Louisiana Insurance Rating Commission approved a 14 percent increase in automobile insurance rates for State Farm Mutual Automobile Insurance Co. and a 19 percent rate hike for State Farm Fire & Casualty Co. The...
Indiana Tornado Losses Will Prove Costly
Sep 25 2002 // The tornadoes that ripped through Indiana last week will prove costly. Preliminary estimates put the costs of repairing the damages in Marion County alone at $29,797,800. An article in the Indianapolis Star reported that a...
Eight Receive 2001, 2002 NAMIC Service Awards
Sep 24 2002 // Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual...
Indiana Tornado Causes Widespread Damage, No Lives Lost
Sep 23 2002 // A series of powerful tornadoes ripped through central Indiana on Friday afternoon causing widespread damage, but miraculously no lives were lost and no serious injuries were reported. The storms, which are unusual at this...
IIABA Gives Indiana Young Agents Third Consecutive Award
Sep 23 2002 // The Young Agents Committee of the Independent Insurance Agents & Brokers of America (IIABA) has presented its highest young agents accolade to the Young Agents Committee of the Independent Insurance Agents of Indiana...
NEV. COUPLE AWARDED $4M IN MED-MAL PRACTICE SUIT
Sep 16 2002 // A Las Vegas couple will receive $4 million in a medical malpractice lawsuit, marking the first significant verdict against a doctor since Nevada lawmakers put into effect tort reform, according to the Associated Press. A...
C&D ORDER ISSUED IN ARKANSAS
Sep 16 2002 // Arkansas State Insurance Commissioner Mike Pickens issued a Cease and Desist Order to AMS Staff Leasing NA Inc., a company that the insurance department alleges had been illegally offering workers’ compensation...
Indiana Farmers Mutual to Use Duck Creek Software
Sep 11 2002 // Missouri-based Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, announced that Indiana Farmers Mutual Insurance Group has selected its EXAMPLE Platform...
WORKERS’ COMP PROBLEMS ADDRES-SED IN REGULATIONS
Sep 2 2002 // Modifications to a final medical privacy rule issued by the U.S. Department of Health and Human Services (HHS) stopped short of resolving concerns that workers’ compensation carriers and employers have with the...
BIG WORKERS’ COMP AWARD IN OK.
Sep 2 2002 // A Mayes County, Okla., District Court jury ordered Transwood Inc., a national trucking company headquartered in Omaha, Neb., to pay its Pryor, Okla. office assistant/part-time driver $2.176 million in a wrongful...
TEXAS MUTUAL IN THE MONEY
Aug 19 2002 // Texas Mutual Insurance Company will be distributing some $22 million in dividends to qualifying policyholders for 2002. As in previous years, the 2002 plan includes an annual component for qualifying customers whose...
STATES SUE BANKS IN FRANKEL CASE
Aug 19 2002 // Five Southeastern states that lost $200 million to financier Martin Frankel’s reported insurance schemes filed suit against their banks, arguing those institutions should have been prepared for Frankel’s...
INSURERS EYE $120M PRICE TAG IN ARIZ
Aug 5 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
AIA LIKES NCOIL’s MOVES IN STATE REGULATION
Aug 5 2002 // According to the Alliance of American Insurers (AAI), the National Conference of Insurance Legislators (NCOIL) took a giant step toward improving uniformity in state regulation by formally adopting model legislation based...
INSURERS EYE $120M PRICE TAG IN ARIZ
Aug 5 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
AIA LIKES NCOIL’s MOVES IN STATE REGULATION
Aug 5 2002 // According to the Alliance of American Insurers (AAI), the National Conference of Insurance Legislators (NCOIL) took a giant step toward improving uniformity in state regulation by formally adopting model legislation based...
