Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Business Moves
May 16 2011 // BIA, Iroquois Business Insurance Associates (BIA) of Davidsonville, Md., has joined The Iroquois Group. BIA started in 2000 as an employee benefits agency. Agency Principal Ed Coogan expanded the agency into property and...
State Farm to Close Offices in Illinois, Indiana, Michigan
May 11 2011 // State Farm plans to close two dozen field offices in Illinois, Indiana and Michigan where 1,300 people work to save $8 million over the next five years. The Pantagraph newspaper in Bloomington reported that the insurance...
PMA Companies Opens News Illinois Office
May 4 2011 // PMA Companies, a Pennsylvania-based provider of commercial insurance risk management solutions and TPA claims and risk services, has opened an office in Schaumburg, Ill., and is offering property and casualty insurance and...
Mayor Orders Flood-Threatened Illinois City Evacuated
May 2 2011 // Authorities in a southern Illinois city menaced by two dangerously swollen rivers said on May 1 that most of the city’s remaining residents have heeded a mandatory evacuation order, prompted by river water seeping up...
Top 10 U.S. Excess/Surplus Insurers
May 2 2011 // The top 10 U.S. excess and surplus lines carriers of 2010 based on direct premiums written for the 12 months ended Dec. 31, 2010, according to SNL Financial include: American International Group Zurich Financial Services...
People
May 2 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Andrea James vice president, national sales leader. She will lead the National Broker team. This role establishes engagement and relationships at multiple...
Illinois Insurance Dept. Issues Warning on Adjusters; Urges Flood Coverage
Apr 28 2011 // The Illinois Department of Insurance is warning homeowners about unsolicited offers of help from insurance adjusters after recent storms in southern Illinois. The agency says these unaffiliated adjusters claim they can get...
Top 10 U.S. Excess/Surplus Insurers
Apr 22 2011 // Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA...
Illinois Senate Rejects Workers’ Compensation Changes
Apr 18 2011 // A Republican plan to overhaul the Illinois workers’ compensation system failed April 14 in the state Senate, largely over the question of whether workers should be required to prove injuries are...
Feds Probe Illinois Public Agencies’ Workers’ Comp Payouts
Apr 18 2011 // Federal prosecutors are investigating possible workers’ compensation abuses at Illinois government agencies after disclosures of millions of dollars in payouts and questionable practices by arbitrators. U.S....
Illinois Business Groups Open to Governor’s Call to Fix Workers’ Comp
Apr 14 2011 // Illinois business leaders welcomed Gov. Pat Quinn’s call for workers’ compensation reform, but a key lawmaker cautioned there’s a long road ahead before reaching any compromise. Quinn told participants in...
State Farm Plans Mileage-Based Premiums in Illinois
Apr 14 2011 // State Farm plans to begin increasing or lowering some of its Illinois policy holders’ rates next year based on how far they drive. The Bloomington-based company says its new Drive Safe and Save program will only be...
Feds Probe Illinois Public Agencies’ Workers’ Compensation Payouts
Apr 5 2011 // Two federal prosecutors are investigating possible workers’ compensation abuses at Illinois government agencies after disclosures of millions of dollars in payouts and questionable practices by arbitrators. The...
Declarations
Apr 4 2011 // All About Money “It’s all about money; that’s all it is.” —John Gillooly, attorney for a Detroit-area youth football league after a court reinstated a lawsuit against the league by an injured...
Rebello Joins Iroquois as Regional Manager for Illinois, Wisconsin
Mar 30 2011 // Christian Rebello has joined Iroquois Group Great Lakes as the regional manager for Illinois and Wisconsin. Rebello comes to the Iroquois Group from a top 20 independent agency in the Chicago area where he was an...
Illinois Insurance Director: Health Law Helping Consumers
Mar 25 2011 // While the anniversary of the Obama administration’s health law inspired events to publicize the law’s “broken promises” elsewhere, Illinois’ top insurance regulator contended consumers are...
Illinois Regulator In Line for Federal Insurance Post
Mar 21 2011 // The Obama administration is expected to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter as reported by Reuters. Michael McRaith, seen as the...
In Liquidation, Constitutional Casualty Downgraded to ‘F’
Mar 21 2011 // A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co., based in...
Illinois to Audit Workers’ Comp for State Employees
Mar 21 2011 // The Illinois House approved a resolution ordering an audit of Illinois’ workers’ compensation program. The Bellville News-Democrat reported that the House voted 111-0 for an audit of the program “as it...
McRaith to Lead New Federal Insurance Office
Mar 18 2011 // The Obama administration has named Illinois state insurance regulator Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the Federal...
