Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Largest Ill. Medical Malpractice Insurer Lifts Moratorium on New Business
Jan 17 2007 // The largest medical malpractice insurer in Illinois plans to lift a four-year-old moratorium on new business, citing an improved economic and legal climate. ISMIE Mutual Insurance Co., which provides malpractice coverage...
Ill. The Park Group Adds Senior Vice President
Jan 10 2007 // The Park Group (AVRECO), a wholesale insurance brokerage in Chicago, has announced the hiring of Sarah Dore, CPCU, to the position of senior vice president within the Healthcare department. Prior to joining AVRECO, Dore...
Ill. Man Sentenced for Selling Bogus Insurance to Entertainment Providers
Jan 9 2007 // Ill. Attorney General Lisa Madigan recently announced that a Cook County judge has sentenced a River Forest, Ill. man to seven and one-half years in prison for charges related to a scheme involving the sale of liability...
Ill. Arthur J. Gallagher Acquires Financial Profiles, Inc.
Jan 9 2007 // Arthur J. Gallagher & Co. today announced the acquisition of Financial Profiles, Inc. located in Coral Springs, Florida. Terms of the transaction were not disclosed. Financial Profiles, Inc. is a specialty retail life...
Declarations
Jan 8 2007 // Identity Theft “A security freeze puts control of a consumer’s credit report where it belongs — in the hands of the consumer … Until now, only victims of identity theft could place a freeze on their...
N.Y., Conn., Ill. AGs bring another suit, this time against Acordia
Jan 8 2007 // The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s largest insurance...
Declarations
Jan 7 2007 // Identity Theft “A security freeze puts control of a consumer’s credit report where it belongs — in the hands of the consumer … Until now, only victims of identity theft could place a freeze on their...
N.Y., Conn., Ill. AGs bring another suit, this time against Acordia
Jan 7 2007 // News Currents The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s...
Strategic Independent Agents Alliance Forms Illinois Master Agency
Jan 3 2007 // Strategic Independent Agents Alliance (SIAA) recently announced that Total Insurance Services of Northbrook, Ill. has established Northern Illinois Strategic Insurance Alliance as SIAA’s newest master agency. The new...
Ill. Gallagher & Co. Reach Settlement in Federal Class Action Case
Dec 29 2006 // Arthur J. Gallagher & Co. announced today that it has agreed to resolve all claims in the Federal Multi-District (MDL) class action pending in the New Jersey Federal District Court against commercial insurers and...
New Ill. Law Effective Jan. 1 Will Help Prevent Identity Theft, Official Says
Dec 28 2006 // Beginning Monday, Jan. 1, Illinois consumers will have access to a new tool to stop identity thieves from opening new credit in their names. The new law will allow all Illinois residents to place a “security...
Illinois counties listed as ‘Judicial Hellholes’ – deja vu
Dec 25 2006 // Just last year at this same time the 2005 ranking of the worst court systems in the country was released by the American Tort Reform Foundation. Illinois had three of the six listed then and unfortunately, we have the same...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
Contingent commissions, court rulings highlight 2006
Dec 25 2006 // In 2006, the Midwest experienced the impact of contingent commission settlements based on the actions of several attorneys general and a myriad of court rulings on insurers’ use of credit, liquor liability and...
Editor’s Note: Illinois counties listed as ‘Judicial Hellholes’ – deja vu
Dec 24 2006 // Just last year at this same time the 2005 ranking of the worst court systems in the country was released by the American Tort Reform Foundation. Illinois had three of the six listed then and unfortunately, we have the same...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Ill. Arthur J.Gallagher Acquires Mid America Group of Philadelphia
Dec 22 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Mid America Group, Inc. located in Philadelphia, Penn. Terms of the transaction were not disclosed. Established in 1970 as an employee and...
Chubb Settles with N.Y., Conn., Ill. AGs; Agrees to End Contingent Commissions
Dec 21 2006 // The Chubb Corporation has entered into a settlement agreement with the Attorneys General of New York, Connecticut and Illinois, to resolve an investigation of customer steering, improper finite reinsurance transactions,...
N.Y., Conn., Ill. AGs Bring Another Suit, This Time Against Acordia
Dec 19 2006 // The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit today against one of the nation’s largest...
Ill. Assurance Agency Names New Executive Vice President
Dec 19 2006 // Schamburg, Ill.-based Assurance Agency has named Michael Mann as its new executive vice president. In his new role, Mann will be responsible for managing and directing one of Assurance s property and casualty production...
