Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Ill. Workers Comp Fee Schedule Open to Abuse, Insurer Group Says
May 2 2006 // The Property Casualty Insurers Association of America has concerns based on a National Council on Compensation Insurance’s estimate that implementation of Illinois’ new medical fee schedule will result in...
Ill. Mutual Hosts Disability Insurance Awareness Month in May
May 1 2006 // Peoria, Ill.-based Illinois Mutual, a provider of disability insurance, will hold its second annual Disability Insurance Awareness Month (DIAM) during May. DIAM is an event created by Illinois Mutual to help consumers and...
Ill. Attorney General, 38 Others, Oppose Health Plan in U.S. Senate
Apr 27 2006 // Illinois Attorney General Lisa Madigan sent a letter this week to U.S. Senate members urging them to oppose a bill that would dramatically change the health insurance marketplace by preempting state-mandated benefit...
Trade Group: Ill. Workers’ Comp Fee Schedule Lacks Expected Savings
Apr 27 2006 // The American Insurance Association today said an analysis by the National Council of Compensation Insurance (NCCI) of Illinois’ new workers’ compensation medical fee schedule provides the first indication that...
$80 Million Settlement Reached in Bid-rigging Case with Ill., Conn., N.Y.
Apr 26 2006 // Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal today announced an $80 million settlement agreement with Bermuda-based holding company ACE,...
N.Y. Agents Disappointed with Zurich Commission Disclosure Plans
Apr 24 2006 // New York independent insurance agents are not too happy that Zurich Financial Services has decided to implement nationwide the stricter of two agency compensation disclosure policies it signed as part of recent settlements...
Toll Plazas Present Serious Highway Danger, Feds Warn
Apr 20 2006 // The most dangerous place on the highway is the toll plaza, say federal safety investigators who are urging changes to reduce accidents like one that claimed eight lives in Illinois. Thirty states, including Oklahoma, have...
Deadly storms hit Midwest again in new round of spring tornadoes
Apr 17 2006 // The new round of tornadoes hit the Midwest less than one month after a similar grouping of twisters, high winds and damage hit a five-state area on March 12. News Currents Another round of deadly storms hit the Midwest...
Ill. Mom, Son Duo Destroy Family Car in Insurance Fraud Scam
Apr 13 2006 // An Orland Park, Ill. mother and her 19-year-old son are accused of destroying a family car then reporting it stolen to collect insurance money. Janet L. Hurta, 50, was charged with felony insurance fraud, police said. Her...
State Farm Automobile Insurance Co. President to Retire after 44 years
Apr 11 2006 // State Farm Mutual Automobile Insurance Co. announced today that Vincent J. Trosino Sr., its president, vice chairman and chief operating officer, will retire at the end of 2006, ending a 44-year career with the...
Largest Medical Malpractice Insurer in Ill. to Cut Premiums by 5.2 Percent
Apr 7 2006 // Illinois’s ISMIE Mutual Insurance Company, the state’s largest medical malpractice insurer, announced this week that it will cut its average premiums by 5.2 percent starting July 1, 2006. The announcement by...
Illinois-based Arthur J. Gallagher Acquires Sobieski & Bradley, Inc.
Apr 5 2006 // Chicago-based Arthur J. Gallagher & Co. announced the acquisition of Sobieski & Bradley, Inc. of Salt Lake City, Utah. Terms of the transaction were not disclosed. Formed in 1987, Sobieski & Bradley, Inc. is...
Death Toll 28 in 2nd Round of Deadly Storms to Hit the Midwest
Apr 4 2006 // Another round of deadly storms hit the Midwest Sunday evening, causing 28 deaths, massive damage and power outages in 8 states. The states affected were Ill., Ind., Iowa, Mo., Ohio, Tenn., Ark., and Ken. The new round of...
Insurer Group Urges Lawmakers to Block Trial Lawyers Windfall Profit Bill
Mar 30 2006 // The Property Casualty Insurers Association of America is urging the Illinois House to reject an attempt by the trial bar to enable plaintiffs to receive compensatory damage awards based on the amount of medical expenses...
Zurich Settles with Conn., Ill. and N.Y. officials for $153 Million
Mar 27 2006 // Zurich Financial Services Group has reached a $153 million settlement with the attorneys general of New York, Connecticut and Illinois to settle charges relating to bid-rigging an account steering charges initiated by New...
Insurance Director Says Malpractice Order Will Help Keep Doctors in Ill.
Mar 24 2006 // Illinois’ first attempt at lowering malpractice insurance rates for thousands of doctors is drawing criticism from key players, but its chief architect promises it will provide much-needed relief. Michael McRaith,...
Insurance Study Could Provide New Underwriting Approach for Urban Areas
Mar 22 2006 // Chicago-based the Urban Insurance Partners Institute said it has passed another milestone in its pioneering study to develop a new underwriting methodology for assessing risk in the rapidly growing underbanked urban and...
Ill. Storm Claims Could Top $100 Million
Mar 21 2006 // Springfield, Ill. Mayor Tim Davlin said the damage caused to private property during a recent violent storm that generated a pair of tornadoes could top $100 million. . The figure stems from an informal report collected...
U.S. Supreme Court nixes ethics challenge to State Farm ruling
Mar 20 2006 // The Supreme Court has refused to consider whether a top judge in Illinois improperly voted to throw out a $1 billion judgment against State Farm Insurance Co. after accepting campaign donations from company lawyers and...
Ill. Insurance Dept. Orders Med-Mal Rate Break for Some Physicians
Mar 16 2006 // Using a new law designed to lower doctors’ costs, state regulators on Tuesday ordered Illinois’ major malpractice insurer to start bringing down rates next year and open itself to more public scrutiny. ISMIE...
