Insurance Journal » Illinois http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 19 Dec 2014 20:57:32 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 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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Rockford, Illinois, Settles Police Shooting Lawsuit for $1.1M http://www.insurancejournal.com/news/midwest/2014/12/18/350556.htm Thu, 18 Dec 2014 16:42:41 +0000 http://www.insurancejournal.com/?p=350556 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 …

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Illinois Landlord Gets Life in Deadly Arson-for-Insurance Case http://www.insurancejournal.com/news/midwest/2014/12/18/350552.htm Thu, 18 Dec 2014 16:34:48 +0000 http://www.insurancejournal.com/?p=350552 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 …

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IICF Midwest Awards $545K in Grants to Local Non-Profits http://www.insurancejournal.com/news/midwest/2014/12/17/350418.htm Wed, 17 Dec 2014 16:47:57 +0000 http://www.insurancejournal.com/?p=350418 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 …

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RLI Promotes Drees to VP, Casualty Brokerage http://www.insurancejournal.com/news/midwest/2014/12/12/349811.htm Fri, 12 Dec 2014 06:24:44 +0000 http://www.insurancejournal.com/?p=349811 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 …

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COUNTRY Financial COO Baurer to Retire http://www.insurancejournal.com/news/midwest/2014/12/10/349641.htm Wed, 10 Dec 2014 17:18:29 +0000 http://www.insurancejournal.com/?p=349641 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 …

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RLI Promotes 3 in Leadership Positions in Illinois http://www.insurancejournal.com/news/midwest/2014/12/08/349220.htm Mon, 08 Dec 2014 17:50:23 +0000 http://www.insurancejournal.com/?p=349220 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 …

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More Time For Asbestos Suits OK’d by Illinois House http://www.insurancejournal.com/news/midwest/2014/12/04/348958.htm Thu, 04 Dec 2014 16:46:20 +0000 http://www.insurancejournal.com/?p=348958 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 …

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Illinois Man Promises Neighbors Spot in Underground Tornado Shelter http://www.insurancejournal.com/news/midwest/2014/12/01/348464.htm Mon, 01 Dec 2014 06:31:13 +0000 http://www.insurancejournal.com/?p=348464 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 …

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Democratic Lawmaker in Illinois Planning New Ridesharing Bill http://www.insurancejournal.com/news/midwest/2014/11/21/347777.htm Fri, 21 Nov 2014 17:47:32 +0000 http://www.insurancejournal.com/?p=347777 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 …

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Illinois Judge Denies Lower Bond in Rock Island Arson Case http://www.insurancejournal.com/news/midwest/2014/11/20/347668.htm Thu, 20 Nov 2014 17:38:54 +0000 http://www.insurancejournal.com/?p=347668 A Rock Island County judge has denied a lower bond for a man accused of setting a fire that destroyed or damaged a handful of buildings in downtown Rock Island, Ill., in September. Jason Earl Anderson, 34, is charged with …

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Erie Insurance Introduces Auto Rideshare Cover in Indiana, Illinois http://www.insurancejournal.com/news/midwest/2014/11/19/347583.htm Wed, 19 Nov 2014 22:00:40 +0000 http://www.insurancejournal.com/?p=347583 Erie Insurance has launched auto insurance coverage to protect drivers who use ridesharing services like Uber and Lyft in two Midwestern states, eliminating confusion for ridesharing drivers over what’s covered and when. Erie’s new coverage, currently available in Indiana and …

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Car-Deer Collisions Down Slightly in Illinois in 2013 http://www.insurancejournal.com/news/midwest/2014/11/14/347145.htm Fri, 14 Nov 2014 17:47:20 +0000 http://www.insurancejournal.com/?p=347145 Collisions between cars and deer in Illinois were down in 2013 compared to 2012 — though not by much. Figures released Nov. 12 show a 1 percent decline in numbers of cars hitting deer in 2013 compared to 2012. There …

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Arthur J. Gallagher Acquires Illinois’ The Forker Co. http://www.insurancejournal.com/news/midwest/2014/11/12/346804.htm Wed, 12 Nov 2014 17:31:09 +0000 http://www.insurancejournal.com/?p=346804 Arthur J. Gallagher & Co. has acquired The Forker Company in Arlington Heights, Ill. Terms of the transaction were not disclosed. Established in 2000, The Forker Company (Forker) is a retail insurance agency that offers contract surety solutions to clients throughout the …

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Alper Services Adds 5 New Hires in Chicago http://www.insurancejournal.com/news/midwest/2014/11/11/346514.htm Tue, 11 Nov 2014 17:33:20 +0000 http://www.insurancejournal.com/?p=346514 Chicago-based Alper Services LLC has added five new employees to join its commercial lines, financial services, and claims management services departments. With nearly 10 years of insurance agency experience, Abby Ahern joins Alper Services as an account manager in the …

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Workers’ Comp Medical Payment Costs Fall in Illinois: Study http://www.insurancejournal.com/news/midwest/2014/11/03/345732.htm Mon, 03 Nov 2014 17:19:58 +0000 http://www.insurancejournal.com/?p=345732 Reforms enacted in 2011 continue to drive down the cost of medical care for injured workers in Illinois, according to a new study by the Workers Compensation Research Institute (WCRI). According to the report, CompScope Medical Benchmarks for Illinois, 15th …

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Hub International to Acquire Chicago-Based Laurus Strategies http://www.insurancejournal.com/news/midwest/2014/10/29/345284.htm Wed, 29 Oct 2014 16:27:02 +0000 http://www.insurancejournal.com/?p=345284 Insurance brokerage Hub International Limited (Hub) announced its Chicago-area affiliate Hub International Midwest (Hub Midwest) plans to acquire Laurus Strategies (Laurus) from CSIG Holding Co. Laurus is an employee benefits, human resources, and human resource information system (HRIS) global benefits …

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State Farm Seeks to Test Drone Use for Damage Response in Illinois http://www.insurancejournal.com/news/midwest/2014/10/27/344881.htm Mon, 27 Oct 2014 16:03:04 +0000 http://www.insurancejournal.com/?p=344881 State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. The (Bloomington) Pantagraph reported that the Bloomington-based company has filed an application with the U.S. Department of Transportation. It asks …

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The Horton Group Acquires BF&S Insurance http://www.insurancejournal.com/news/midwest/2014/10/22/344441.htm Wed, 22 Oct 2014 16:07:39 +0000 http://www.insurancejournal.com/?p=344441 Orland Park, Ill.-based insurance brokerage, The Horton Group, announced the acquisition of certain assets of Boyle, Flagg and Seaman (BF&S) Insurance, located in Illinois and Michigan. BF&S’s Illinois retail operations will now operate under the Horton name and staff will …

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Maximum Adds E&S Sales Teams in Chicago, Florida http://www.insurancejournal.com/news/midwest/2014/10/21/344295.htm Tue, 21 Oct 2014 16:55:58 +0000 http://www.insurancejournal.com/?p=344295 Maximum, an independent, Chicago, Ill.-based excess and surplus lines wholesale distributor, announced further expansion to its sales team. Chicago additions include Patrick O’Donoghue to the professional practice and Chrissy Fisher to the casualty practice. Heather Hudson, in the Daytona Beach, …

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RLI Adds New Healthcare Liability Division http://www.insurancejournal.com/news/midwest/2014/10/21/344265.htm Tue, 21 Oct 2014 16:14:27 +0000 http://www.insurancejournal.com/?p=344265 Peoria, Ill.-based RLI Corp. has launched a new healthcare liability division, RLI Healthcare, and added Scott Ducey to lead the operation as vice president. RLI will provide liability insurance coverage for targeted risks that include, but are not limited to, …

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County: Vacant Skyscraper in Illinois Town Raising Insurance Costs http://www.insurancejournal.com/news/midwest/2014/10/16/343840.htm Thu, 16 Oct 2014 16:29:01 +0000 http://www.insurancejournal.com/?p=343840 Officials in Vermillion County in eastern Illinois say concerns about a vacant skyscraper makes it more expensive to insure an adjacent county building. The 12-story Bresee Tower in downtown Danville is the tallest building in the county. It was built …

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Educator-Focused Meemic Insurance Expands into Illinois http://www.insurancejournal.com/news/midwest/2014/10/15/343715.htm Wed, 15 Oct 2014 16:40:43 +0000 http://www.insurancejournal.com/?p=343715 Meemic Insurance Co., a Michigan-based insurance provider offering personal auto, homeowners, and umbrella coverages tailored exclusively to teachers and other educational employees, announced that the company will immediately begin offering insurance services to educational employees in Illinois. Meemic Insurance Company has been …

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Zurich NA Names Cooper Regional Leader for Commercial Markets http://www.insurancejournal.com/news/midwest/2014/10/08/343020.htm Wed, 08 Oct 2014 16:26:48 +0000 http://www.insurancejournal.com/?p=343020 Commercial property and casualty insurer Zurich North America, named Marcus Cooper is now the commercial markets regional leader for the South. He is based at Zurich’s North America headquarters in Schaumburg, Ill. Cooper is responsible for driving the Zurich growth …

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Stuckel Joins OneBeacon Entertainment in Chicago http://www.insurancejournal.com/news/midwest/2014/10/07/342901.htm Tue, 07 Oct 2014 16:19:04 +0000 http://www.insurancejournal.com/?p=342901 OneBeacon Entertainment (OBE), a member of OneBeacon Insurance Group, has opened an office in Chicago, Ill., led by Mark Stuckel. Stuckel comes to OneBeacon with 35 years of underwriting experience, much of which was spent serving in various underwriting and …

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Recovery Starts After Fire Destroys Part of Downtown Rock Island, Illinois http://www.insurancejournal.com/news/midwest/2014/10/01/342179.htm Wed, 01 Oct 2014 16:52:29 +0000 http://www.insurancejournal.com/?p=342179 Rock Island residents have started the recovery process after a weekend fire ripped through the heart of downtown, destroying or damaging eight buildings in the western Illinois city. Tattoo shop owner Dan Bonowski said he’ll absolutely be back in business. …

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Deere Mulling Options for Crop Insurance Business http://www.insurancejournal.com/news/midwest/2014/09/23/341427.htm Tue, 23 Sep 2014 16:51:42 +0000 http://www.insurancejournal.com/?p=341427 Deere & Company, based in Moline, Ill., announced it is reviewing strategic options for its crop insurance business, which underwrites policies through John Deere Insurance Co., a business unit within John Deere Financial. Deere said no formal decisions have been …

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Illinois School District Awarded $10M in Collapsed Mine Case http://www.insurancejournal.com/news/midwest/2014/09/12/340354.htm Fri, 12 Sep 2014 15:51:37 +0000 http://www.insurancejournal.com/?p=340354 An Illinois school district has been awarded nearly $10 million in a lawsuit against Union Pacific Railroad after claiming a collapsed mine left an elementary school damaged. Macoupin County Judge Patrick Londrigan awarded the Gillespie School District the judgment on …

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4 New Workers’ Comp Arbitrators Appointed in Illinois http://www.insurancejournal.com/news/midwest/2014/09/09/340047.htm Wed, 10 Sep 2014 02:41:58 +0000 http://www.insurancejournal.com/?p=340047 Illinois Gov. Pat Quinn appointed four new arbitrators to the Workers’ Compensation Commission: Maria Bocanegra is an attorney at Katz Friedman, specializing in workers’ compensation. She previously worked as a judicial assistant to the Honorable David Furman and as a …

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Berkshire Hathaway GUARD Names Lewis Director of Regional Sales http://www.insurancejournal.com/news/midwest/2014/09/08/339679.htm Mon, 08 Sep 2014 05:25:12 +0000 http://www.insurancejournal.com/?p=339679 Berkshire Hathaway GUARD Insurance Companies promoted Jim Lewis to director of regional sales for the central region of the country. Lewis will oversee sales operations in Arkansas, Iowa, Illinois, Kansas, Louisiana, Minnesota, Missouri, Nebraska, Texas and Wisconsin. Prior to his …

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