Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Ill. UIM Bill Would Skew Law, Says PCI
Mar 8 2004 // An Illinois Senate bill that would change the recovery system for underinsured drivers’ (UIM) coverage is strongly opposed by the insurance industry because of its potential to allow the “stacking” of...
Iroquois Group Expands Into Ill.
Mar 1 2004 // The Orlean, N.Y.-based Iroquois Group announced its expansion into the state of Illinois through its great lakes division led by Managing Partner Philip Dawson. This appointment increases Iroquois’ market presence...
Segal Now Charged With Seeking Special Regulatory Treatment
Mar 1 2004 // Michael Segal, the president and CEO of Chicago-based Near North National Group, was already under federal indictment of 17 counts of fraud and racketeering. Now federal prosecutors in the U.S. District Court of Northern...
Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
ILL. DIRECTOR CALLS IT QUITS:
Feb 23 2004 // Illinois Insurance Director J. Anthony Clark announced that he would step down from his post effective Feb. 13, according to the Associated Press. The constraints forced upon the insurance department by the state’s...
Manning Riddell Sued Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Ill. Agents Outline Legislative Agenda
Feb 16 2004 // Medical malpractice, electronic notification and surplus lines will be some of the hot property/casualty issues in the Illinois General Assembly spring session, according to a newsletter sent recently by the Professional...
Ill. Director Clark Calls It Quits
Feb 11 2004 // Illinois Insurance Director J. Anthony Clark has announced he will step down from his post effective Feb. 13, according to the Associated Press. The constraints forced upon the insurance department by the state’s...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
Illinois DOI Fines Federal Mutual $30,000
Jan 26 2004 // The Illinois Department of Insurance fined Minnesota-based Federal Mutual Insurance Co. $30,000 and issued a stipulation and consent order for insurance code violations and/or improper claims practices cited in a...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
S&P Assigns Statewide ‘R’ Rating
Jan 15 2004 // Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to Waukegan, Ill.-based Statewide Insurance Co. after the Illinois Department of Insurance ordered the company to be...
Midwest Comp Market: Proceed With Caution
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...
The Strange Saga of Near North’s Michael Segal
Jan 12 2004 // We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near North...
To Fee, or Not to Fee
Jan 12 2004 // While service fees have been around for a long time, difficult market conditions and increased agency costs have made the use of service fees by agencies more popular in the past few years. In recognition that the Illinois...
Slow Ill. Job Market May Mean Less P/C Growth
Jan 12 2004 // The 2000 census estimated Illinois’ population at 12.4 million. More than 81 percent of the adult residents had graduated from high school and over 26 percent had earned a bachelor’s degree. Chicago’s 2.9...
The Illinois Marketplace: Is the Future in Peril’
Jan 12 2004 // Illinois’ insurance regulatory environment has long been viewed by the industry and business community as the model for other states to emulate, and rightfully so. While every state or region has unique problems in...
Ill. DOI Puts Statewide Into Liquidation
Jan 8 2004 // The Circuit Court of Cook County, Ill., has granted Illinois Director of Insurance J. Anthony Clark’s request for the entry of an agreed order of liquidation with a finding of insolvency against Statewide Insurance...
AIA Midwest Gets New PR Chief
Jan 7 2004 // The American Insurance Association today announced that Jeffrey L. Junkas has joined the organization as director of public affairs for the Midwest region. Junkas will be responsible for media relations, strategic planning...
