Insurance Journal » Illinois http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 22 May 2015 23:07:46 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Watercraft Laws Taking Effect in Illinois Are Aimed at Safety http://www.insurancejournal.com/news/midwest/2015/05/22/369169.htm Fri, 22 May 2015 16:35:17 +0000 http://www.insurancejournal.com/?p=369169 Law enforcement officials say Illinois boaters should be aware of new laws taking effect this year. Lake County Sheriff Mark Curran Jr. says the laws will keep boaters safe. It’s now a requirement to display a bright orange flag from …

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Illinois Court Urged by Philip Morris to Toss $10B Smokers’ Verdict http://www.insurancejournal.com/news/midwest/2015/05/20/368854.htm Wed, 20 May 2015 16:35:53 +0000 http://www.insurancejournal.com/?p=368854 A $10.1 billion verdict against Philip Morris USA over misleading consumers about the safety of “light” cigarettes should be overturned, lawyers for the company argued in the Illinois Supreme Court. The award was first made in 2003 for a class …

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Marijuana Industry in Illinois Places Hopes in Hands of Governor http://www.insurancejournal.com/news/midwest/2015/05/19/368688.htm Tue, 19 May 2015 15:57:51 +0000 http://www.insurancejournal.com/?p=368688 A proposal to extend the Illinois medical marijuana pilot program beyond 2017 may soon gain passage in Springfield. That would mean the industry’s prospects could come to rest with Gov. Bruce Rauner. Rauner has said the program should not be …

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Valley Insurance Agency Alliance Hires Gamble as Recruiter http://www.insurancejournal.com/news/midwest/2015/05/07/367261.htm Fri, 08 May 2015 01:04:18 +0000 http://www.insurancejournal.com/?p=367261 St. Louis, Mo.-based Valley Insurance Agency Alliance (VIAA), comprising nearly 100 independent insurance agencies in Missouri and Southern Illinois, hired Grady Gamble as a recruiter for Missouri. Gamble will implement a regional plan to pursue and enlist new partnerships with …

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Debate on Workers’ Comp Reform Begins in Illinois http://www.insurancejournal.com/news/midwest/2015/05/07/367218.htm Thu, 07 May 2015 16:38:55 +0000 http://www.insurancejournal.com/?p=367218 Business groups and injured employees weighed in May 6 as Illinois lawmakers began debating whether to revamp the state’s workers’ compensation insurance program to reduce costs for employers. Democratic House Speaker Michael Madigan called a meeting of the Illinois House …

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Agent Support, Ratings Added to Expanding Google Compare http://www.insurancejournal.com/news/national/2015/05/05/366951.htm Tue, 05 May 2015 22:32:18 +0000 http://www.insurancejournal.com/?p=366951 The auto insurance comparison website Google Compare is expanding into Texas, Illinois and Pennsylvania, as well as adding ratings and insurance agent support. That announcement was made Tuesday by Stephanie Cuthbertson, group product manager for Google Compare, at Google’s annual …

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Arthur J. Gallagher & Co. Hires Connelly as Chief Information Officer http://www.insurancejournal.com/news/midwest/2015/05/05/366916.htm Tue, 05 May 2015 16:47:15 +0000 http://www.insurancejournal.com/?p=366916 Itasca, Ill.-based international insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has hired Sean P. Connelly as global chief information officer. In this role, he is responsible for leading the company’s global technology strategy and initiatives. …

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Arthur J. Gallagher Acquires Midwest Healthcare Consulting Firm http://www.insurancejournal.com/news/midwest/2015/05/01/366598.htm Fri, 01 May 2015 16:46:21 +0000 http://www.insurancejournal.com/?p=366598 Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Integrated Healthcare Strategies located in Kansas City, Mo., and Minneapolis, Minn. Terms of the transaction were not disclosed. With operations dating back to 1974, Integrated Healthcare Strategies (Integrated) provides strategic human resources consulting services specifically …

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Illinois’ Madison County a Center for Asbestos Lawsuits http://www.insurancejournal.com/news/midwest/2015/04/30/366468.htm Fri, 01 May 2015 00:27:05 +0000 http://www.insurancejournal.com/?p=366468 Few of the tourists who drive old Route 66 through this rural Illinois town are aware of its true economic engine: a booming business in asbestos lawsuits that attracts law firms from across the country. Since 2005, those lawsuits have …

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Chief: No Pattern to String of Rental Home Fires in Southern Illinois http://www.insurancejournal.com/news/midwest/2015/04/21/365199.htm Tue, 21 Apr 2015 15:58:16 +0000 http://www.insurancejournal.com/?p=365199 A southern Illinois fire chief says a string of fires at rental properties do not appear to be connected. The (Carbondale) Southern Illinoisan reports there have been 12 fires at rental homes since May 2014. Seven of them happened in …

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Ratings of Illinois-Based Unique Insurance Downgraded http://www.insurancejournal.com/news/midwest/2015/04/21/365197.htm Tue, 21 Apr 2015 15:56:47 +0000 http://www.insurancejournal.com/?p=365197 A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-“ from “bb” of Unique Insurance Co. (Unique) of Chicago, Ill. The outlook for both ratings has been revised to negative from stable. …

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Ratings of Illinois-Based Specialty Risk of America Downgraded http://www.insurancejournal.com/news/midwest/2015/04/17/364865.htm Fri, 17 Apr 2015 16:01:19 +0000 http://www.insurancejournal.com/?p=364865 A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Specialty Risk of America (SPRISKA) in Springfield, Ill. The outlook for the ICR remains negative, while the …

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Illinois Prep Sports Group: Concussions Lawsuit ‘Threatens’ Football http://www.insurancejournal.com/news/midwest/2015/04/15/364490.htm Wed, 15 Apr 2015 16:44:13 +0000 http://www.insurancejournal.com/?p=364490 The nation’s first prep sports governing body to face a class-action concussions lawsuit has asked an Illinois judge to dismiss the suit, arguing that if it prevails, it could kill football programs statewide. In its 16-page motion filed in Cook …

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Auto-Theft Task Forces Closing Amid Illinois Budget Crisis http://www.insurancejournal.com/news/midwest/2015/03/31/362672.htm Tue, 31 Mar 2015 15:35:34 +0000 http://www.insurancejournal.com/?p=362672 Officials with police-run auto-theft task forces say they are shutting down across Illinois due to state spending freezes. Separately, the (Peoria) Journal Star also reports that a bipartisan deal reached in the state Legislature last week will siphon $6 million …

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CNA Names Kubursi Senior VP – Financial Institutions, Management Liability http://www.insurancejournal.com/news/midwest/2015/03/24/361886.htm Tue, 24 Mar 2015 16:44:31 +0000 http://www.insurancejournal.com/?p=361886 Chicago-based insurance CNA has appointed Ziad Kubursi to senior vice president, Financial Institutions and Management Liability, effective April 6, 2015. Ziad brings more than 18 years of insurance industry experience to this role, most recently serving as senior vice president, head of the Management …

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Chicago-Based Alper Services Partners with Germany’s unisonBrokers http://www.insurancejournal.com/news/midwest/2015/03/19/361225.htm Thu, 19 Mar 2015 16:03:32 +0000 http://www.insurancejournal.com/?p=361225 Alper Services LLC, an independent insurance brokerage in Chicago, Ill., announced it recently signed an agreement with unisonBrokers, a global broker network with multinational insurance and risk management services, who partners with select growth-oriented regional brokers. The agreement allows Alper …

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Illinois Lawmaker Wants Prison Time for Distracted Drivers in Fatal Crashes http://www.insurancejournal.com/news/midwest/2015/03/10/359971.htm Tue, 10 Mar 2015 16:08:16 +0000 http://www.insurancejournal.com/?p=359971 Fatal crashes caused by illegal cellphone use should carry penalties similar to those imposed on drunk drivers who kill, a suburban lawmaker says. The (Arlington Heights) Daily Herald reports that Rep. Robert Marwick wants aggravated use of an electronic communication …

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Arthur J. Gallagher & Co. Acquires NationAir Aviation Insurance http://www.insurancejournal.com/news/midwest/2015/03/04/359328.htm Wed, 04 Mar 2015 17:11:12 +0000 http://www.insurancejournal.com/?p=359328 Arthur J. Gallagher & Co. has acquired NationAir Aviation Insurance (NationAir) based in West Chicago, Ill. Terms of the transaction were not disclosed. Founded in 1978, NationAir is a retail insurance broker offering commercial property/casualty and risk management insurance services specifically …

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Problem of Metal Theft Focus of Illinois House Bill http://www.insurancejournal.com/news/midwest/2015/02/19/358088.htm Thu, 19 Feb 2015 17:24:13 +0000 http://www.insurancejournal.com/?p=358088 A bill filed in the Illinois House would form a new task force to address thefts of recyclable metals, including copper. The Belleville News-Democrat reports the panel would review efforts to combat theft and come up with new ideas. Findings …

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Motorcycle Safety Bill Proposed in Illinois http://www.insurancejournal.com/news/midwest/2015/02/18/357760.htm Wed, 18 Feb 2015 17:26:32 +0000 http://www.insurancejournal.com/?p=357760 An Illinois lawmaker wants motorcycle safety to be a formal part of driver’s education courses. The proposal by Republican Rep. Tom Bennett of Gibson City would amend the driver’s education act in the Illinois School Code to require that all …

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Outlook Revised to Stable for Illinois Casualty Co. http://www.insurancejournal.com/news/midwest/2015/02/13/357443.htm Fri, 13 Feb 2015 17:25:13 +0000 http://www.insurancejournal.com/?p=357443 A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and issuer credit rating (ICR) of Illinois Casualty Co. (Illinois Casualty) in Rock Island, Ill., while affirming the FSR of B++ (Good) and the ICR of …

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Rash of Fires Deemed Suspicious in Southern Illinois Town http://www.insurancejournal.com/news/midwest/2015/02/02/356161.htm Mon, 02 Feb 2015 17:38:50 +0000 http://www.insurancejournal.com/?p=356161 Authorities in southern Illinois are investigating half a dozen recent fires in the village of Marissa, including one that destroyed a local landmark serving as a museum to the area’s coal mining history. The blaze gutted the Academy Building Friday …

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Zehr Appointed VP, Segment Underwriting at CNA http://www.insurancejournal.com/news/midwest/2015/01/29/355835.htm Thu, 29 Jan 2015 15:25:36 +0000 http://www.insurancejournal.com/?p=355835 Chicago-based CNA Financial Corp. has appointed Jeff Zehr as vice president, segment underwriting. In this position, he will expand his responsibilities to include leadership and governance for the commercial lines products for both the financial institutions and the professional services customer segments. …

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Illinois’ Joseph M. Wiedemann & Sons Joins Keystone Insurers Group http://www.insurancejournal.com/news/midwest/2015/01/12/353798.htm Mon, 12 Jan 2015 17:52:15 +0000 http://www.insurancejournal.com/?p=353798 Keystone Insurers Group announced its newest franchise partner in Illinois: Joseph M. Wiedemann & Sons, based in Arlington Heights. The firm, which has three offices in the Chicago-East Central Illinois area, is the eighteenth independent insurance agency in the state to …

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Most Popular Insurance Journal Midwest Stories of 2014 http://www.insurancejournal.com/news/midwest/2014/12/31/351406.htm Wed, 31 Dec 2014 12:50:54 +0000 http://www.insurancejournal.com/?p=351406 The most popular InsuranceJournal.com news stories in the Midwest ranged from groundbreaking lawsuits to research into making people safer from storms. With an understanding that stories appearing later in the year have less time to rise to the top of …

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Zurich North America Appoints McCafferty Head of Group Captives http://www.insurancejournal.com/news/midwest/2014/12/30/351072.htm Tue, 30 Dec 2014 12:30:32 +0000 http://www.insurancejournal.com/?p=351072 Schaumburg, Ill.-based Zurich North America has appointed Terry McCafferty as head of group captives, a key strategic business unit of Programs & Direct Markets. In his new role, effective Feb. 1, McCafferty will be responsible for the operational management of …

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New App in Illinois Aimed at Reducing Deaths in Grain Bins http://www.insurancejournal.com/news/midwest/2014/12/29/351268.htm Mon, 29 Dec 2014 17:14:30 +0000 http://www.insurancejournal.com/?p=351268 A new app could help reduce the number of fatal grain bin entrapments that occur in Illinois. The Illinois Corn Marketing Board and the Grain and Feed Association of Illinois teamed up to create an app that will locate the …

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CNA Appoints Dmytrow Healthcare, Aging Services VP http://www.insurancejournal.com/news/midwest/2014/12/24/350900.htm Wed, 24 Dec 2014 12:35:40 +0000 http://www.insurancejournal.com/?p=350900 CNA has appointed Bruce Dmytrow to vice president of aging services, national programs underwriting for the company’s healthcare segment, effective Jan, 1, 2015. Dmytrow  will be responsible for the strategic leadership of this high-performing area. Dmytrow brings more than 29 years of healthcare industry experience and 22 …

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Hub International Acquires Iowa-Based Brokerage, Ruhl & Ruhl http://www.insurancejournal.com/news/midwest/2014/12/23/351027.htm Tue, 23 Dec 2014 17:34:41 +0000 http://www.insurancejournal.com/?p=351027 Global insurance broker, Hub International Limited (Hub), announced that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired the assets of Ruhl & Ruhl Insurance, based in Davenport, Iowa. Terms of the acquisition were not disclosed. Founded in 1862, Ruhl …

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Price Optimization Allegations Challenged, NAIC Investigating Practice http://www.insurancejournal.com/news/national/2014/12/18/350630.htm Thu, 18 Dec 2014 20:59:59 +0000 http://www.insurancejournal.com/?p=350630 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 …

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