Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
Politics Can Lead to Bumps in the Road for Auto Insurance
Aug 27 2001 // Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible...
Illinois Company Placed Into Liquidation
Aug 20 2001 // An Illinois company was declared insolvent and placed into liquidation by the Circuit Court of Cook County, Ill. Associated Physicians Insurance Co. (APIC) of Oak Brook has been in runoff since 1995, and has not written...
Illinois Governor Signs ‘Whistle Blower’ Anti-Fraud Bill
Aug 16 2001 // Blowing the whistle on insurance fraud will be easier for Illinois companies and private citizens thanks to legislation sponsored by Senator Patrick O’Malley (R-Palos Park) and signed recently by Gov. George...
IIAA Tells Congress Auto Insurance Over-Regulated in Certain States
Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
Ill. Producer Licensing Legislation, Insurance Guaranty Fund Bills Await Governor’s Signature
Jun 6 2001 // As the 2001 Illinois General Assembly session comes to a close, the insurance industry awaits Governor Ryan’s signature on bills addressing producer licensing and the State insurance guaranty fund. The National...
Bill on Insurer Use of Credit Passes Illinois Legislature
Jun 1 2001 // A bill that clarifies insurers’ use of consumer credit reports in underwriting has passed the Illinois General Assembly and is expected to be signed by the Governor. The American Insurance Association (AIA) worked...
Illinois SC Denies Alpine Ins. Co.’s Liquidation Appeal
Apr 11 2001 // The Illinois Supreme Court has denied Alpine Insurance Company’s petition for leave to appeal a Cook County Circuit Court liquidation order entered on June 28, 2000. The Supreme Court decision was rendered on April...
Illinois Appellate Court Affirms State Farm Aftermarket Part Decision
Apr 9 2001 // Last week, an Illinois state Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against State Farm Mutual Automobile Insurance Co. The court, in its affirmation of the trial...
Illinois Environmental Services Workers Comp Trust Liquidated
Mar 28 2001 // Illinois Environmental Services Workers Comp Trust Liquidated The Circuit Court of Cook County, Ill. has granted Illinois Insurance Director Nat Shapo’s petition to place the Illinois Environmental Services Workers...
Illinois Man Found Guilty of Arsons
Mar 7 2001 // A federal jury convicted on Tuesday an Illinois man of mail fraud and arson for destroying three houses and killing his first wife to collect more than $900,000 in insurance. According to government testimony, John Veysey...
Illinois DOI Budget Tops $33 Million
Feb 28 2001 // Illinois Governor George H. Ryan proposed a Fiscal Year 2002 budget of $33.6 million for the Illinois Department of Insurance including programs that protect consumers. Less than 1.5 percent of the total amount proposed...
PIIAI Disaffiliate with PIA National
Feb 26 2001 // At its meeting on Nov. 30, 2000, the Board of Directors of the Professional Independent Insurance Agents of Illinois voted to disaffiliate with the National Association of Professional Insurance Agents, pending...
Illinois Workers’ Comp Self-insurance Pool Ordered into Liquidation
Jan 25 2001 // Illinois Insurance Director Nat Shapo received approval this week to place the Back of the Yards Neighborhood Council Risk Management Association Workers Compensation Trust into liquidation. The company, referred to as...
Illinois Man Gets 6 Years For Fraud
Dec 15 2000 // An Aurora, Ill., businessman was sentenced Wednesday to six years in prison for fraudulently claiming everything from a flood to lightning damage to his homes and businesses. According to a Chicago Tribune report, James...
Illinois Insurance Fraud Task Force Makes Recommendations
Nov 20 2000 // The Illinois Insurance Fraud Task Force has unveiled recommendations to create more detailed reporting requirements and a whistle blower statute to combat organized insurance fraud in Illinois. Director of Insurance Nat...
INEX Member Placed in Liquidation by Illinois DOI
Nov 16 2000 // Agora Syndicate Inc., a member of the INEX Insurance Exchange (formerly known as the Illinois Insurance Exchange) was placed under an order of liquidation on Nov. 15. The Cook County Circuit Court granted Illinois...
Illinois Electrical Employees WC Self-Insurance Pool Liquidated
Nov 7 2000 // Illinois Electrical Workers’ Compensation Association Inc. was placed under an order of liquidation on Nov. 4. The Circuit Court of Cook County granted Illinois Insurance Director Nathaniel S. Shapo’s petition...
Kennedy Family Wins Court Battle Against Met Life in Illinois
Nov 1 2000 // An Illinois judge ruled in favor of the Kennedy family in its legal battle against Metropolitan Life Insurance Co. on Oct. 30. The Kennedy family contended that Met Life had acted in bad faith by demanding a penalty for...
Liquidation Ordered For Illinois Earth Care Workers Compensation Self-Insurance Pool
Nov 1 2000 // The Circuit Court of Cook County, Ill. has granted Insurance Director Nathaniel S. Shapo’s petition to place Illinois Earth Care Workers Compensation Trust into liquidation. The Illinois group workers’...
Illinois Workers’ Comp. Trust Ordered Into Conservation
Aug 15 2000 // The Circuit Court of Cook County has granted Illinois Insurance Director Nathaniel S. Shapo’s petition for the conservation of Illinois Environmental Services Workers Compensation Trust, Inc. The Order of...
