Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies
Feb 20 2019 // Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After...
Fire at Phillips 66 Illinois Refinery Leads to Shut Down of CDU
Feb 11 2019 // The second largest crude distillation unit (CDU) was shut by a fire on Sunday at Phillips 66’s 330,000 barrel-per-day (bpd) joint-venture Wood River, Illinois, refinery, a source familiar with plant operations...
Illinois FedEx Worker Died of Fall, Not Cold, Autopsy Shows
Feb 7 2019 // An autopsy found that a FedEx worker found dead outside in western Illinois amid record low temperatures died of a traumatic head injury. Rock Island County Coroner Brian Gustafson says 69-year-old William L....
Business Moves
Feb 4 2019 // National China Re, Chaucer, Hanover China Reinsurance (Group) Corp. has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. – the major portion of Hanover Insurance Group’s Lloyd’s...
Brown & Brown Subsidiary Acquires Illinois’ Izzo Insurance Services
Jan 17 2019 // Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Izzo Insurance Services Inc., based in Bloomingdale, Illinois. Founded in 1980 by Karen Izzo, Izzo Insurance...
Illinois’ Auffenberg Insurance Joins Valley Insurance Agency Alliance
Jan 10 2019 // Auffenberg Insurance Services in Belleville, Illinois, has joined Valley Insurance Agency Alliance (VIAA), a family of over 120 independent insurance agencies in Missouri and Illinois. Owned by Mike Auffenberg and Nathan...
Illinois’ Sheridan Road Financial Acquired by Hub International
Jan 10 2019 // Chicago-based, global insurance brokerage Hub International Limited (Hub) has acquired the assets of Sheridan Road Financial LLC (Sheridan Road), an institutional retirement consulting and private wealth firm, and certain...
People
Jan 7 2019 // Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry...
Midwest Legislative Priorities Include No-Fault Auto, Distracted Driving, Contractor Fraud, Tort Reform
Jan 7 2019 // With some of the highest auto insurance rates in the nation, Michigan’s no-fault insurance laws — much maligned by the insurance industry and business interests — are sure to be a target for legislative...
States Surprised with Burst of Insurance Fraud-Related Legislation in 2018
Jan 7 2019 // Lawmakers Debated More Than 100 Fraud-Related Bills and Passed 33 into Law The introduction of new bills slows down during years when legislators tend to be more concerned with reelection. That’s why 2018 was such a...
Recreational Pot Legalization Debate in Illinois Shifts from ‘When’ to ‘How’
Jan 4 2019 // Proposed plans for the legalization of recreational marijuana use in Illinois have shifted from “when” to “how.” Democratic Gov.-elect J.B. Pritzker campaigned on the legalization issue and its...
Population in Illinois Declined by More than 45K Last Year
Jan 3 2019 // Illinois’ population decreased in 2018 by more than 45,100 residents, second largest statewide decline in the U.S., according to the Illinois Policy Institute. The figure is based on a U.S. Census Bureau report on...
Insurance Journal Midwest’s Top Stories for 2018: From Agent Fraud to Ruby Slippers
Dec 31 2018 // The most-read stories in Insurance Journal’s Midwest region in 2018 covered agent fraud, a fatal tourist boat sinking in Missouri, court cases and opinions, and even a pair of stolen — and returned — ruby red...
Missourians Urge FEMA Action Over Too-High Illinois Levee
Dec 27 2018 // Missouri landowners and environmentalists are urging a federal agency to sanction a levee district on the Illinois side of the Mississippi River, arguing that the earthen barrier has been built above its authorized height,...
People
Dec 17 2018 // Cincinnati, Ohio-based American Financial Group Inc. (AFG) hired Anthony W. Dunn as vice president, overseeing the internal audit function for the company and its subsidiaries. Dunn has 20 years of experience in the...
Stamping Fee to Decrease on Illinois Surplus Line Policies Effective Jan. 1
Dec 17 2018 // The stamping fee for surplus line policies written in Illinois with an effective date on or after Jan. 1, 2019, will drop to 0.075 percent (premium X 0.00075), rounded to the nearest whole dollar, the Surplus Line...
New Brightway Insurance Agency Opens in Illinois
Dec 13 2018 // Brightway Insurance has added a new agency location in Illinois — Brightway, The Nadelhoffer Family Agency in Warrenville opened by Matt and Rebecca Nadelhoffer. The Nadelhoffers come to Brightway with experience in...
50K or More Hens Died in Illinois Egg Farm Fire, Company Says
Dec 7 2018 // A company spokesman says 50,000 or more hens died in a fire that destroyed two barns of an egg farm in rural northeastern Illinois. Mussman’s Back Acres Inc. spokesman Brian Burch says 275,000 to 300,000 hens...
Head Joins Ellsworth Insurance Agency in Illinois
Dec 5 2018 // Ellsworth Insurance Agency in Edwardsville, Illinois, has hired Aaron Head as an insurance advisor and producer. Head will generate leads, develop new accounts, and handle existing accounts. He also will provide...
Stamping Fee to Decrease on Illinois Surplus Line Policies Effective Jan. 1
Dec 4 2018 // The stamping fee for Illinois surplus line policies an effective date of Jan. 1, 2019, and later will drop to 0.075 percent (premium X 0.00075), rounded to the nearest whole dollar, Surplus Line Association of Illinois...
