Latest Indiana Headlines

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

BILL’S DAMAGES ‘MINIMAL’ IN LA.:

Jul 21 2003 // Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims....

P/C SYMPOSIUM IN AUSTIN TO EXAMINE REFORM LEGISLATION

Jul 7 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. Three hundred industry representatives plan...

INSURBANC OPENS IN TEXAS

Jul 7 2003 // InsurBanc, the banking arm of the Independent Insurance Agents & Brokers of America, is now available to Independent Insurance Agents of Texas members. According to the IIAT, the full service bank marked its second...

STATE FARM HOMEOWNER RATES INCREASE IN NEV:

Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...

OKLA. AGENCY IN SUPERVISION:

Jun 23 2003 // Oklahoma Insurance Commissioner Carroll Fisher placed a Bethany insurance agency under supervision after charges surfaced that its owner may have stolen more than $100,000 from her customers in the form of hidden refunds....

FITCH SEES P/C INSURERS’ UNDERWRITING RESULTS IMPROVING IN ’03:

Jun 9 2003 // Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of...

Ind. Sessions Ends With Status Quo for Insurers

May 6 2003 // The 2003 Indiana legislative session came to a close recently with little impact on the property and casualty insurance industry, according to a statement released by a trade group. The only substantial property/casualty...

STATE FARM RATE INCREASES IN LA.

May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....

STORMS RACK UP $1.2B IN CLAIMS

May 5 2003 // U.S. property/casualty insurers are expected to pay an estimated $1.2 billion for insured property-loss claims from winter storms and windstorms that pummeled 10 states in early April, according to preliminary estimates by...

AGENCY SUSPENDED IN OKLAHOMA

May 5 2003 // Oklahoma Insurance Commissioner Carroll Fisher suspended the license of Edmond agent Earl Cody after Cody refused to permit examiners from the Oklahoma Insurance Department to review records as part of an investigation...

CWCI STUDY EXAMINES CHIROPRACTIC UTILIZATION AND COSTS IN CALIF. WC

Apr 21 2003 // The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of...

ABS EQECAT TO HOLD 2003 EUROPEAN CATASTROPHE MANAGEMENT SUMMT IN BARCELONA

Apr 21 2003 // Oakland-based EQECAT, Inc. announced that its 2003 European Catastrophe Management Summit will take place on June 24-27 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit...

N.Y. Ind. Agents Push for Swift Leg. Action to Avert Looming Crisis in State’s Property Market

Apr 14 2003 // Time is quickly running out for the New York State Legislature to reportedly avert a disruption in the state’s property insurance market.At the same time, according to the Independent Insurance Agents Association of...

AAI CONTINUES TO FIGHT EFFORTS TO BAN CONFIDENTIAL SETTLEMENT IN CALIF

Apr 7 2003 // A bill introduced in the California Senate is the latest in a series of attempts by the trial bar to restrict the use of confidentiality and settlement agreements in certain legal actions, according to the Alliance of...

INSURANCE BUREAU OF CANADA SAYS INDUSTRY REACHED A ‘NEW LOW’ IN 2002

Apr 7 2003 // Borrowing a phrase from Britain’s Queen Elizabeth the Insurance Bureau of Canada labeled the year 2002 an “Anni horribiles” as it reported that the financial results for the country’s P/C insurers...

TORT REFORM BILL OK’D IN ARK.

Apr 7 2003 // The American Insurance Association praised Arkansas Governor Huckabee for signing significant tort reform legislation passed in the state legislature. AIA said the bill will help “lower the cost of tort claims and...

FOURTH ANNUAL EDUCATIONAL FORUM SET FOR APRIL 17 IN WALNUT CREEK, CALIF

Mar 24 2003 // The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Fund-Child Abuse Prevention Program (IICF-CAPP) are presenting their Fourth Annual Insurance Educational Forum “Insuring the Future” for the...

P/C INSURERS’ PREMIUMS SURGE $28B IN FIRST THREE QUARTERS OF 2002

Mar 24 2003 // Premiums earned by the nation’s property and casualty insurers surged $27.8 billion, or 12 percent, during the first three quarters of 2002, to $258.7 billion from $230.9 billion during the same period in 2001,...

Clarifying ‘Election of Remedies’ in Workers’ Comp Claims

Mar 24 2003 // In a flurry of recent cases, Texas courts have tried to clarify various issues regarding election of remedies in the context of workers’ compensation insurance. These issues arise in various circumstances. Two...

CaliforniaSelect Releases Homeowners Program to Ind. Agents

Mar 18 2003 // CaliforniaSelect Insurance Agency, Inc., an affiliate of the Vesta Insurance Group (NYSE: VTA) announced the launch of a residential property program in California.CaliforniaSelect, part of Vesta’s Select Group of...