Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
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...
Two More Uninsured Ill. Docs to Move
Dec 1 2003 // Two Belleville, Ill., doctors whose medical liability policies were non-renewed by their respective providers will move out of state, according to the Belleville News-Democrat. The two doctors, Mike Leavell and Mark...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
Alliance: Ill. Pols Should Drop Auto Insurance Database Idea
Nov 7 2003 // The Alliance of American Insurers has urged Illinois legislators to permanently shelve plans to create a database to track the validity of personal automobile insurance coverage. The proposed database would be administered...
Ill. Commish to Push Urban Markets
Oct 21 2003 // Illinois urban markets present good business opportunities, according to Illinois Department of Insurance Director Anthony Clark. “Community development leaders have succeeded in improving many neighborhoods,”...
Ill. Agents Win Big I Award
Sep 23 2003 // The Young Agents Committee of the Independent Insurance Agents & Brokers of America (IIABA) today presented its most prestigious annual award to the Young Agents Committee of the Professional Independent Insurance...
Complaints Against Ill. Insurers Decline Slightly
Sep 11 2003 // Illinois consumers filed fewer complaints about their insurance companies and HMOs according to the 2002 consumer complaint statistics released today by Director of Insurance J. Anthony Clark. A major exception to this...
Farmers Lowers Ill. Auto Rates
Sep 2 2003 // Direct writer Farmers Insurance Group announced it is reducing auto rates in the state of Illinois. Farmers customers in Illinois will see a rate decrease of 4.2 percent effective Sept. 1. Farmers will also be introducing...
Ill. Judge Certifies Aftermarket Parts Class Action
Aug 29 2003 // A Madison County, Ill., judge has certified a class-action lawsuit on behalf of 30,000 Geico Corp. policyholders on the direct insurer’s use of aftermarket parts to fix damaged vehicles. The Alliance of American...
Brooke Franchise Corporation
Aug 20 2003 // Brooke Franchise Corporation has recently acquired the assets of: Abide Insurance Agency, Inc. – Oklahoma Culver Insurance Agency, Inc. – Oklahoma American National Insurance Services, Inc. d/b/a Houston...
Ill. Governor Signs Insurance Measures
Aug 15 2003 // Illinois Gov. Rod Blagojevich, a Democrat, signed insurance-related legislation dealing with the use of credit scores, commercial lines nonrenewals and uninsured motorist costs this week, according to the National...
NAII and OSHA to Host Workplace Safety Workshop in Ill.
Aug 12 2003 // The National Association of Independent Insurers (NAII), in conjunction with individual insurers and OSHA, is hosting a workshop in Illinois focusing on workplace safety for small businesses. “Safety at Work I: Risk...
Brooke Franchise Corporation
Aug 8 2003 // Brooke Franchise Corporation has recently acquired the assets of: Abide Insurance Agency, Inc. – Oklahoma Culver Insurance Agency, Inc. – Oklahoma American National Insurance Services, Inc. d/b/a Houston...
