Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers
Jan 24 2005 // Insuring the Young and the Carless Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to offer car buyers, regardless of...
Insurance Auto Auctions Opens New Ill. Facility
Jan 11 2005 // Westchester, Ill.-based auto salvage and claims processing provider Insurance Auto Auctions Inc. has opened a new greenfield facility in Lincoln, Ill. Located midway between Chicago and St. Louis, the new 15-acre location...
Car Buyers Get No-Charge Insurance in Volkswagen-Nationwide Pilot Program Based on Car Model Risk
Jan 3 2005 // A Long Island insurance think-tank has licensed Volkswagen of America Inc. to offer the industry’s first no- charge insurance policy to customers who purchase or lease selected models during a three-month test in...
Ill. DOI Advises 0.1% Comp Rate Increase
Dec 29 2004 // The Illinois Division of Insurance has approved a 0.1% increase in the advisory rate for workers’ compensation insurance in Illinois for 2005—that’s one-tenth of 1 percent. For comparison’s sake, the...
The Midwest’s Top 10 Newsmakers in 2004
Dec 29 2004 // What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups, the National Association of Independent Insurers and the Alliance of American Insurers,...
PCI LAUDS PROPOSED ILL. CLASS ACTION RULE CHANGE:
Dec 20 2004 // A proposed rule change governing class action lawsuits would benefit Illinois consumers and businesses will, argued leading insurance lobby Property Casualty Insurers Association of America. Rule 225, however, was...
ILL. JUDGE RULES COMP FEE HIKE IMPROPER:
Dec 20 2004 // An Illinois Cook County circuit judge has ruled that a state increase in fees paid by employers into the state’s workers compensation fund was improper because it was used to help plug a gaping hole in the general...
The Midwest’s Top 10 Newsmakers
Dec 20 2004 // Here Are the Heartlanders Who Made Insurance Headlines in 2004 What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups merging to form the Property...
Third Annual Report Identifies ‘Judicial Hellholes’
Dec 15 2004 // The third annual “Judicial Hellholes” report – a ranking of the worst courts in the United States – shows a disturbing scenario for one Illinois county. As a result of what happens in the Hellhole...
Ill. Judge Rules Comp Fee Hike Improper
Dec 7 2004 // An Illinois Cook County circuit judge has ruled that a state increase in fees paid by employers into the state’s workers compensation fund was improper because it was used to help plug a gaping hole in the general...
D’Arcy Named CAS President
Dec 6 2004 // Stephen P. D’Arcy, professor of finance at the University of Illinois at Urbana-Champaign has been elected as president of the Casualty Actuarial Society (CAS) at the organization’s annual meeting. He succeeds...
AFFIRMATIVE AFFIRMS SUBPOENA:
Dec 6 2004 // Affirmative Insurance Holdings Inc. of Addison, Texas, a provider of personal non-standard automobile insurance, acknowledged that its insurance company subsidiaries and one of its agencies have received subpoenas from the...
PCI Lauds Class Action ‘Best Practices’ for Illinois Courts
Nov 28 2004 // A proposed rule change governing class action lawsuits that would benefit Illinois consumers and businesses will likely be opposed by the Illinois State Bar Association, according to the Property Casualty Insurers...
CCC’s Ramamurthy Gets Illinois High Tech Award
Nov 26 2004 // Githesh Ramamurthy, Chairman and CEO of Chicago-based auto claims softwaremaker CCC Information Services Inc has received the 2004 KPMG’s Illinois High Tech Award. Ramamurthy received recognition from the Big Four...
Affirmative Insurance Acknowledges Receipt of Subpoena from Illinois Department of Insurance
Nov 17 2004 // Affirmative Insurance Holdings, Inc. of Addison, Texas, a producer and provider of personal non-standard automobile insurance, announced that its insurance company subsidiaries and one of its agencies have received...
RLI Subpoenaed on Compensation by Ill. DOI
Nov 16 2004 // Peoria, Ill.-based specialty insurer RLI Corp. said it has received a subpoena from the Illinois Division of Insurance in connection with industry-wide investigations into producer compensation agreements. Company...
Ill. DOI Sets Up Broker Fee Hotline
Nov 11 2004 // The Illinois Division of Insurance announced it is asking for help from Illinois consumers who have concerns about their business dealings with insurance brokerage firms, in light of the Marsh allegations. This information...
Republican Karmeier Wins Ill. Supreme Court Seat
Nov 3 2004 // Republican Lloyd Karmeier has won a Supreme Court seat representing Illinois’ fifth district, which includes 36 southern counties and famed “judicial hellhole” Madison County. With 90 percent of precincts...
Ill. Gov Notes More Than $1 Million in Funding to Help Utica, Other Communities Rebuild from Tornadoes
Nov 1 2004 // In order to expedite Utica’s long-term economic recovery plans, Illinois Gov. Rod Blagojevich announced more than $1 million in funding recently that will help rebuild and enhance this and other communities...
You Can’t Always Get What You Want
Oct 25 2004 // For years, Illinois employers and insurers have complained about the state’s workers’ compensation system. Illinois’ workers’ comp rates have regularly exceeded those of neighboring states such as...
