Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
AAI Supports State Farm in Illinois Aftermarket Parts Case
Nov 6 2002 // The Alliance of American Insurers announced that it will file an amicus brief with the Illinois Supreme Court today in support of State Farm’s appeal of a lower court judgment in the case of Avery vs. State Farm...
New Charges Filed Against Segal
Nov 4 2002 // Federal prosecutors in Chicago have expanded their original indictment of Michael Segal, founder and CEO of Near North Insurance Brokerage Inc., charging him with looting the company of more than $20 million over a 12-year...
NAII Supports Proposed Customer Privacy Rules In Illinois
Oct 24 2002 // The National Association of Independent Insurers indicated that it supports a proposed privacy rule being considered by the Illinois Department of Insurance, as it will “further safeguard the personal information of...
NAII Hails Avery Appeal as Move Against “Judicial Hellholes”
Oct 7 2002 // The NAII strongly approved the Illinois Supreme Court’s decision to review the judgment in the case of Avery vs. State Farm, which awarded $1.2 billion in damages to the plaintiffs in a nationwide lawsuit against the...
Cigna Denies $200 Million Settlement with Illinois Doctors
Aug 27 2002 // Cigna Corp. denied that it has reached any settlement of a class action suit brought by Illinois doctors, who have accused the nation’s third largest health insurer of bundling payments for services. The accusation...
Argonaut Great Central President To Head Environmental Response Trust Fund
Aug 6 2002 // Illinois Governor Jim Ryan appointed John Polak, president /CEO of Argonaut Great Central Insurance Company as chairman of the Illinois Dry-Cleaner Environmental Response Trust Fund for a term of three years. The fund was...
American Horizon Revised to ‘R’
Aug 5 2002 // S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a...
American Horizon Revised to ‘R’
Aug 5 2002 // S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a...
American Horizon Rated to ‘R’
Aug 5 2002 // S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding...
Ill. Says Complaints against Insurers are increasing; HMO Complaints Decline
Jul 24 2002 // Illinois consumers filed more complaints about their insurance companies, but fewer against their HMOs, according to the 2001 consumer complaint statistics released by Illinois Director of Insurance Nat Shapo. The Illinois...
American Horizon Co. Rating revised to ‘R’
Jul 19 2002 // Standard & Poor’s has revised its financial strength rating on American Horizon Insurance Co. to ‘R’ from double-‘Bpi’ after learning that the Cook County, Ill. Circuit Court issued a...
Ill. Orders Western Specialty into Liquidation
May 10 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court issued an Order of Liquidation against Western Specialty Insurance Company of Oak Brook, Ill., on May 6, following a determination by the...
Ill. Bill Establishing No-Call Lists Exempts Insurers
Apr 19 2002 // A bill that unanimously passed an Illinois House panel April 16 permits establishment of “no-call” lists, but enables insurance companies to continue to use marketing strategies that best suit their needs,...
Ill. Senate Passes Red Light Camera Legislation
Apr 11 2002 // Legislation designed to reduce the high rate of automobile accidents caused by red light violations recently passed the Illinois Senate. Senate Bill 2159 permits municipalities and counties to install red light cameras...
Ill. Orders Legion Indemnity into Conservation
Apr 9 2002 // Illinois Insurance Director Nathaniel S. Shapo has obtained a conservation order against Legion Indemnity Company. The conservation of Legion was precipitated by rehabilitation orders entered in the state of Pennsylvania...
Gallant and Valor Ordered into Conservation in Ill.
Mar 19 2002 // Illinois Insurance Director Nathaniel Shapo announced that he obtained an Order of Conservation against Gallant and Valor Insurance Companies on Feb. 25, following the Department of Insurance’s determination that...
Red Light Running on Docket for Ill. Legislative Committee
Mar 13 2002 // The Illinois legislature is considering a bill that would permit municipalities and counties to install red light cameras. According to the National Association of Independent Insurers (NAII), if lawmakers pass Senate Bill...
Illinois Insurance Department Releases Credit History Survey Results
Feb 25 2002 // Illinois Director of Insurance Nat Shapo announced the release of the results of a survey on the use of consumers’ credit histories by the Illinois property and casualty insurance industry. In response to public...
S&P Assigns Delta Casualty Co. ‘R’
Feb 25 2002 // S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta...
Lawyers on Illinois Case Seeking Restitution and Punitive Damages
Dec 24 2001 // Lawyers representing the village of Rosemont, Ill., are seeking restitution and punitive damages in a civil lawsuit against an insurance broker that village officials say allegedly defrauded them out of around $1 million....
