Illinois News

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

Rockford, Illinois, Settles Police Shooting Lawsuit for $1.1M

The city of Rockford, Ill.,  has reached a $1.1 million settlement with the estate of an unarmed black man who was fatally shot inside a church-run day care by two white police officers in 2009, according to officials. In a …

Illinois Landlord Gets Life in Deadly Arson-for-Insurance Case

A Cicero, Ill., landlord has been sentenced to life in prison for the deaths of seven people during a Valentine’s Day 2010 apartment fire that prosecutors say was set for insurance money. Cook County prosecutors say Judge Carol Kipperman sentenced …

IICF Midwest Awards $545K in Grants to Local Non-Profits

The Insurance Industry Charitable Foundation’s (IICF) Midwest Division announced it is awarding $545,000 in community grants to local non-profit organizations in Illinois, Michigan, Nebraska, Ohio and Wisconsin for 2015. Grants range in contribution from $10,000 to $50,000 and support 29 …

RLI Promotes Drees to VP, Casualty Brokerage

Peoria, Ill.-based specialty insurer RLI Corp. has promoted Dennis Drees to vice president, casualty brokerage. Drees will lead RLI’s primary and excess/umbrella surplus lines business units. Drees joined RLI in 1994 and held various roles in the casualty division until …

COUNTRY Financial COO Baurer to Retire

Barb Baurer, chief operating officer for Bloomington, Ill.-based COUNTRY Financial, announced she will retire in January 2015. Baurer has been with the company for 37 years. She joined the company in 1977 and has served as chief operating officer for …

RLI Promotes 3 in Leadership Positions in Illinois

Peoria, Ill.-based specialty insurer, RLI Corp., announced three leadership promotions Todd Bryant, vice president, controller, has been promoted to vice president, finance and controller. In this expanded role, Bryant will assume management responsibility for RLI’s cash operations in addition to …

More Time For Asbestos Suits OK’d by Illinois House

The Illinois House has approved a bill allowing more time to file a lawsuit over asbestos-related disease. The initiative was adopted 70-43 Tuesday and moves to the Senate. Rep. Elaine Nekritz is a Northbrook Democrat. Her bill would remove a …

Illinois Man Promises Neighbors Spot in Underground Tornado Shelter

The 1,200-pound steel cylinder in James Trudeau’s driveway certainly struck his Bourbonnais, Ill., neighborhood as odd, at least at first. Even Kankakee County’s planning department wasn’t sure what to make of it when Trudeau sought a building permit to bury …

Democratic Lawmaker in Illinois Planning New Ridesharing Bill

A Democratic state lawmaker says he wants to pursue new legislation calling for regulations of the emerging ridesharing industry. Rep. Mike Zalewski of Riverside had originally planned to call for an override of Gov. Pat Quinn’s veto on bills imposing …