Latest Indiana Headlines

All the headlines from our Indiana Topic Page, ordered by recency.

AUTO RATES UP 4% IN 2004

Jul 18 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...

FCCI WINS $16 M JUDGMENT IN SUSPECTED FRAUD CASE

Jul 4 2005 // A Sarasota, Fla. Circuit Court has awarded FCCI Insurance Company a $16,174,977 judgment in a civil action dating back to 2002. The judgment against S&H Drywall of Inverness, Fla., and Premier Enterprises Unlimited of...

COMMISSIONER WITHDRAWS CONTROVERSIAL ‘SOLE-USE’ BULLETIN

Jun 20 2005 // Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s credit-based insurance scoring law to prohibit insurers from taking adverse...

TSLA TO HOLD MID-YEAR MEETING IN COLO.

Jun 20 2005 // The Texas Surplus Lines Association announced it will be hosting its 2005 Mid-Year Meeting at the Broadmoor Hotel in Colorado Springs, Colo., July 24-27. Scheduled speakers are: Paradigm Shift – Mike Jones, Mike...

News Briefs

Jun 20 2005 // INDIANACommissioner Withdraws Controversial ‘Sole-Use’ Bulletin Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s...

INSURERS LOSE IN STRINGFELLOW ACID PITS JURY TRIAL:

Jun 6 2005 // Insurance companies must pay to clean up a hazardous waste dump, the Stringfellow Acid Pits. A Riverside County, California jury on May 16, 2005 found in favor of the State of California and against CNA, Wausau, Yosemite,...

CONNING: LOOK FOR P/C UNDERWRITING PROFIT AGAIN IN 2005

May 23 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-$14 billion, according to a new study by Conning Research and Consulting Inc. However, the...

JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE:

May 23 2005 // A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated Press. The jury reached seven of eight verdicts, U.S....

POWELL, RIDGE AND OXLEY TO ADDRESS INSURERS IN CHICAGO

May 9 2005 // Former Secretary of State Colin Powell, former Secretary of Homeland Security Tom Ridge and U.S. Rep. Mike Oxley (R-Ohio) will be the featured speakers at the 2005 Property Casualty Insurers Association of America’s...

AG PETRO GETS IN ON AIG LAWSUIT

May 9 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group and others by filing an amended complaint in federal court in New...

HIGH RISK CHALLENGE IN COURT:

May 9 2005 // Massachusetts insurance company trade associations and companies recently filed a friend of the court brief defending the reforms of the state’s auto insurance system pursued by Insurance Commissioner Julianne...

Old National Bancorp Purchases J.W.F. Insurance Cos.

May 2 2005 // Old National Bancorp has acquired J.W.F. Insurance Companies Inc., which does business as the J.W. Flynn Company, and J.W.F. Specialty Company Inc., a related alternative risk services company. Headquartered in...

NO HIKE IN MED-MAL RATES:

Apr 18 2005 // The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes. ProMutual Group credited “improved financial...

AUTO RATE HEARING SET IN SEPTEMBER

Apr 18 2005 // Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September. This announcement came after the North Carolina Rate Bureau, an independent organization that represents all auto...

Old National Bancorp Acquires JWF Insurance Cos.

Apr 4 2005 // Evansville, Ind.-based Old National Bancorp announced recently that it has entered into definitive agreements to acquire JWF Insurance Cos. Inc., which does business as the JW Flynn Co. and JWF Specialty Co. Inc., a...

Ind.-Based Leisure/Sports Specialty Broker Launched

Mar 31 2005 // announced its official entry into business with the opening of its corporate headquarters in Fort Wayne, Ind. LSS said in a statement that it has an exclusive insurance relationship with niche property/casualty carrier...

COURT RULES IN GARAMENDI’S FAVOR REGARDING STATE FUND:

Mar 21 2005 // A Sacramento County court ruled that California’s quasi-public State Compensation Insurance Fund cannot require businesses to have separate workers’ compensation insurance policies for employee leasing...

GARAMENDI WILL FIGHT AGAINST ABUSES IN HOMEOWNER INDUSTRY:

Mar 21 2005 // California Insurance Commissioner John Garamendi issued the following statement in response to the recent Court of Appeal’s ruling on the state’s authority to regulate homeowners’ insurance: “The...

AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT

Mar 7 2005 // Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....

Indiana Bill Gets Tough on Insurance Fraud, Passes House 95-1

Mar 7 2005 // The Indiana House of Representatives voted 95-1 last month in support of a bill that would toughen penalties against insurance fraud in an attempt to provide prosecutors with a greater incentive to pursue such crimes.While...