Insurance Journal » Illinois http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 17 Apr 2014 14:48:33 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Ridesharing Bill with Insurance Component OK’d by Illinois House http://www.insurancejournal.com/news/midwest/2014/04/14/326219.htm Mon, 14 Apr 2014 15:47:58 +0000 http://www.insurancejournal.com/?p=326219 Legislation creating rules for unregulated rideshare companies such as Uber, Lyft and Sidecar is moving through the Illinois Legislature. House lawmakers voted to put regulations on commercial ridesharing with an 80-26 vote. Under HB 4075, all drivers would be required …

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State Farm CEO: Headquarters Not Moving from Bloomington http://www.insurancejournal.com/news/midwest/2014/04/14/326207.htm Mon, 14 Apr 2014 15:35:37 +0000 http://www.insurancejournal.com/?p=326207 State Farm Insurance Co. CEO Ed Rust Jr. says the company’s plans to expand in Arizona, Texas and Georgia will not affect the company’s headquarters in Bloomington, Ill. According to The Pantagraph in Bloomington Rust told a crowd at Illinois …

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Rideshare Services Regulation Bill Filed in Illinois http://www.insurancejournal.com/news/midwest/2014/03/27/324604.htm Thu, 27 Mar 2014 16:36:26 +0000 http://www.insurancejournal.com/?p=324604 A dispute among taxi companies, Chicago officials and rideshare companies such as Uber, Lyft and Sidecar is about to welcome one more player: state lawmakers who say the rideshare industry needs to play by the same rules as other transportation …

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Lawsuit Filed Against Chicago Transit After Derailment http://www.insurancejournal.com/news/midwest/2014/03/27/324601.htm Thu, 27 Mar 2014 16:04:16 +0000 http://www.insurancejournal.com/?p=324601 Attorneys have filed a negligence lawsuit against the Chicago Transit Authority on behalf of a woman injured in the Blue Line train derailment at O’Hare International Airport. The law firm of Corboy and Demetrio filed the lawsuit on March 25 …

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NW Indiana Authorities Arrest 7 Suspected of Stealing from Trains http://www.insurancejournal.com/news/midwest/2014/03/26/324488.htm Wed, 26 Mar 2014 16:26:41 +0000 http://www.insurancejournal.com/?p=324488 Authorities in northwestern Indiana have arrested seven people and are pursuing a dozen others in connection with the theft of $2.8 million in cars, electronics, pharmaceuticals and other items from trains in the Chicago area. Lake County Sheriff John Buncich …

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Illinois Targets 18- to 34-Year-Olds With Humorous Health Insurance Ads http://www.insurancejournal.com/news/midwest/2014/03/19/323714.htm Wed, 19 Mar 2014 16:18:46 +0000 http://www.insurancejournal.com/?p=323714 Illinois officials hope that using humor can give the state’s health insurance enrollment numbers the same kind of bump that the federal site saw after President Barack Obama bantered about the law with actor Zach Galifianakis. Obama’s appearance on the …

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Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage http://www.insurancejournal.com/news/midwest/2014/03/16/323464.htm Mon, 17 Mar 2014 02:18:29 +0000 http://www.insurancejournal.com/?p=323464 Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should be regulated in the same manner as other “for hire” auto …

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Neiman Marcus Sued by Illinois Cardholder over Data Breach http://www.insurancejournal.com/news/midwest/2014/03/16/323460.htm Mon, 17 Mar 2014 01:55:42 +0000 http://www.insurancejournal.com/?p=323460 Neiman Marcus Group Ltd., the luxury department store operator, was sued by an Illinois woman over a data breach in which the retailer initially said more than 1 million customer credit cards may have been compromised. Hilary Remijas, a Neiman …

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Fireman’s Fund Insurance Adds Norris to High Net Worth Team in Chicago http://www.insurancejournal.com/news/midwest/2014/03/12/323107.htm Wed, 12 Mar 2014 16:29:41 +0000 http://www.insurancejournal.com/?p=323107 Fireman’s Fund Insurance Co. appointed Kate Norris as business relationship manager in its Chicago office. With more than 15 years of industry experience, Norris will focus on Fireman’s Fund’s high net worth segment in personal lines insurance, specifically, family office …

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Illinois Medical Marijuana Law Poses Workplace Dilemma http://www.insurancejournal.com/news/midwest/2014/03/11/322953.htm Tue, 11 Mar 2014 15:54:51 +0000 http://www.insurancejournal.com/?p=322953 Illinoisans hoping to make use of the state’s fledgling medical marijuana law may risk their jobs if their employers opt to maintain or adopt zero-tolerance drug policies. The Rockford Register Star reported that the law that took effect in January …

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Hub International Acquires Illinois-Based Corporate Benefit Consultants http://www.insurancejournal.com/news/midwest/2014/03/06/322448.htm Thu, 06 Mar 2014 18:34:16 +0000 http://www.insurancejournal.com/?p=322448 Global insurance brokerage, Hub International Limited (Hub), announced that its subsidiary Hub International Midwest (Hub Midwest) has acquired Corporate Benefit Consultants Inc. (CBC), a Des Plaines, Ill.-based employee benefits insurance brokerage firm. The CBC team will continue to operate from …

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Mercury Insurance Cutting Auto Insurance Rates in Illinois http://www.insurancejournal.com/news/midwest/2014/03/04/322157.htm Tue, 04 Mar 2014 16:58:24 +0000 http://www.insurancejournal.com/?p=322157 Mercury Insurance Co. announced that its auto insurance rates for Illinois drivers are being reduced an average of 13.9 percent. The reduction immediately applies to new customers and policy renewals beginning April 7, and will save Mercury policyholders an average …

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MarketScout Adds 3 to Fine Arts Underwriting Team in Illinois http://www.insurancejournal.com/news/midwest/2014/02/26/321599.htm Wed, 26 Feb 2014 17:44:38 +0000 http://www.insurancejournal.com/?p=321599 Dallas-based electronic insurance exchange and specialty MGA, MarketScout, has expanded its national fine art and collectibles program with three new hires: Donna Hester, underwriter; Susan Soloman, underwriter; and Cheryl Fogel, underwriting assistant. The underwriting team will operate out of MarketScout’s …

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Illinois Reaching Out to Young Uninsured via The Onion http://www.insurancejournal.com/news/midwest/2014/02/12/320310.htm Wed, 12 Feb 2014 17:43:36 +0000 http://www.insurancejournal.com/?p=320310 Trying to sell young adults on the idea of health insurance before an upcoming deadline, Illinois officials announced they are launching an ad campaign with the satirical online newspaper The Onion. Banner ads on The Onion website will depict a …

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Lockton Adds Wasilchuk as Account Executive in Chicago http://www.insurancejournal.com/news/midwest/2014/02/05/319607.htm Wed, 05 Feb 2014 17:10:47 +0000 http://www.insurancejournal.com/?p=319607 Lockton has hired John Wasilchuk as an account executive in its Chicago office focusing on environmental risk management. He is responsible for placement of environmental insurance coverage for Lockton clients and maintaining relationships with environmental underwriters and carriers. Prior to …

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NSM Insurance Group Acquires Professional Underwriters Agency http://www.insurancejournal.com/news/midwest/2014/02/03/319277.htm Tue, 04 Feb 2014 03:33:42 +0000 http://www.insurancejournal.com/?p=319277 NSM Insurance Group announced it has acquired Professional Underwriters Agency Inc. (PUA), a managing general agent specializing in professional liability and located in Oak Brook, Ill. PUA was founded more than 30 years ago as a professional liability market for …

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Illinois Man Gets 6-Months in Jail for Insurance Fraud http://www.insurancejournal.com/news/midwest/2014/01/29/318754.htm Wed, 29 Jan 2014 16:25:36 +0000 http://www.insurancejournal.com/?p=318754 A northern Illinois man has been sentenced to 6 months in jail for insurance fraud and forgery. Kane County prosecutors say 53-year-old Juventino Guzman of Elgin falsely claimed he’d slipped, fallen and was injured at three businesses in Elgin and …

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Keystone Insurers Group Names Five New ‘Pioneer’ Partners in Illinois http://www.insurancejournal.com/news/midwest/2014/01/22/317929.htm Wed, 22 Jan 2014 17:37:32 +0000 http://www.insurancejournal.com/?p=317929 Keystone Insurers Group named five new franchise partners in Illinois, completing its list of “Pioneer Partners” — the first 10 agencies in the state to join the property/casualty insurance network. Keystone’s Pioneers will help identify additional potential franchise partners in …

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Baweja Appointed VP – Analytics at CNA Financial Corp. http://www.insurancejournal.com/news/midwest/2014/01/22/317907.htm Wed, 22 Jan 2014 17:06:48 +0000 http://www.insurancejournal.com/?p=317907 Chicago-based CNA Financial Corp. has appointed Naveen Baweja vice president of analytics. Baweja will provide leadership and support to the underwriting transformation initiatives component of the CNA Enterprise Roadmap, with a focus on enhancing the company’s data and analytics capabilities. …

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Assurance Names Davidson, Jungers Employees of the Year http://www.insurancejournal.com/news/midwest/2014/01/16/317450.htm Thu, 16 Jan 2014 17:44:27 +0000 http://www.insurancejournal.com/?p=317450 Assurance, an independent insurance brokerage with offices in the Chicago, Ill., and St. Louis, Mo.-areas, announced that Robert Davidson and Jennifer Jungers are its Employees of the Year for 2013. Aussurance has been recognizing outstanding employee contributions with its Employee …

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Former Basketball Star Bringing Insurance Jobs to Illinois http://www.insurancejournal.com/news/midwest/2014/01/16/317435.htm Thu, 16 Jan 2014 17:20:37 +0000 http://www.insurancejournal.com/?p=317435 Earvin “Magic” Johnson will be a controlling shareholder of an insurance company that’s opening new offices in Illinois and creating about 200 jobs. Gov. Pat Quinn and Chicago Mayor Rahm Emanuel announced in a statement that EquiTrust Life Insurance Co. …

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Employee Benefits Provider, MRCT, Launches Private Health Exchange in Missouri http://www.insurancejournal.com/news/midwest/2014/01/13/316936.htm Mon, 13 Jan 2014 17:47:44 +0000 http://www.insurancejournal.com/?p=316936 St. Louis, Mo.-based MRCT, a comprehensive, employee benefits, financial products and human resources consulting firm, announced the launch of SmartBenefits Marketplace. The locally owned and operated private healthcare exchange will offer products and services in Missouri and Southern Illinois. MRCT …

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Hike in Auto Insurance Rates Expected in Illinois http://www.insurancejournal.com/news/midwest/2014/01/09/316589.htm Thu, 09 Jan 2014 23:56:33 +0000 http://www.insurancejournal.com/?p=316589 Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late …

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Legislation Filed in Illinois Would Nix Workers’ Comp for Non-Work Accidents http://www.insurancejournal.com/news/midwest/2014/01/08/316466.htm Thu, 09 Jan 2014 02:54:19 +0000 http://www.insurancejournal.com/?p=316466 Illinois lawmakers will consider legislation this spring that aims to clarify who is responsible for injuries sustained in a traffic accident on the way to work. Lee Enterprises Newspapers in Illinois reported that Sen. Kyle McCarter, a Lebanon Republican, has …

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Keystone Insurers Group Adds Brennan & Stuart Inc. as Partner in Illinois http://www.insurancejournal.com/news/midwest/2014/01/02/315955.htm Thu, 02 Jan 2014 17:20:55 +0000 http://www.insurancejournal.com/?p=315955 Brennan & Stuart Inc. of La Salle, Ill., is Keystone Insurers Group’s newest franchise partner in Illinois. Harold Brennan started Brennan & Stuart Inc. (BSI) as a family business in 1956. CEO Jerry Stuart joined the agency in 1963. Other …

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Esser Hayes Insurance Group Awards Scholarship to Illinois Student http://www.insurancejournal.com/news/midwest/2013/12/31/315813.htm Tue, 31 Dec 2013 17:29:48 +0000 http://www.insurancejournal.com/?p=315813 William H. Hayes, of Esser Hayes Insurance in Naperville, Ill., in partnership with Westfield Insurance, awarded a Westfield Agents Association Trustee Scholarship to Brianna Gatto. The Westfield Agents Association Trustee Scholarship program, sponsored by Westfield Insurance, allows each member of …

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Illinois Company Faces Proposed $117K Fine for Unsafe Working Conditions http://www.insurancejournal.com/news/midwest/2013/12/16/314598.htm Mon, 16 Dec 2013 17:46:52 +0000 http://www.insurancejournal.com/?p=314598 Arlington Metals Corp. in Franklin Park, Ill., has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration for 38 safety and health violations, which carry proposed penalties of $117,000. OSHA initiated a safety and health investigation …

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Keystone Insurers Group Adds Konen Insurance and Dasco Insurance in Illinois http://www.insurancejournal.com/news/midwest/2013/12/12/314270.htm Thu, 12 Dec 2013 17:43:00 +0000 http://www.insurancejournal.com/?p=314270 Konen Insurance of Aurora, Ill., and Dasco Insurance Agency of Northbrook are now partners in Keystone Insurers Group. The addition of the two agencies increases to four the number of Keystone partners in the state since the end of October. …

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Interest in Renters Insurance Climbs after Illinois Storms http://www.insurancejournal.com/news/midwest/2013/12/11/314065.htm Wed, 11 Dec 2013 17:37:31 +0000 http://www.insurancejournal.com/?p=314065 An insurance agent in central Illinois says he’s noticing an increase in the number of inquiries about renters’ insurance following the deadly November tornadoes. The (Peoria) Journal-Star reports one of the newly insured is Jesse Hunter. Washington man and his …

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Improvements Needed in Illinois’ Disaster Response: Review http://www.insurancejournal.com/news/midwest/2013/12/06/313289.htm Fri, 06 Dec 2013 17:38:36 +0000 http://www.insurancejournal.com/?p=313289 A review has found several shortfalls in Illinois’ readiness to respond to disasters and emergencies. The review concluded that there could be better coordination with local communities on things like identifying and pre-registering volunteer health professionals who could be called …

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