Michigan’s new insurance consumer advocate wants the state to investigate Allstate Insurance Company. Melvin “Butch” Hollowell said on Oct. 7 that the insurer reported that Michigan’s drivers drastically reduced accidents for several years in a row. But the Detroit Free …
The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14. The economic crisis with the failures of Lehman Brothers, then AIG, and other financial …
These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …
Illinois Governor Declares State of Emergency Midwest residents felt the wrath of Hurricane Ike on September 13 and 14 as rains made their way up the middle corridor of the country pelting Illinois and Indiana, spurring Illinois’ governor to call …
Niles, Ill.’s long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement was effective Sept. 1. The Village Board is expected to appoint an acting mayor. In …
When it was all over, six people were dead, expressways remained flooded in every direction, 1,000 people were evacuated, schools closed and Illinois Gov. Rod Blagoevich had declared seven counties in Illinois as emergency areas. When meteorologists started talking about …
The Archdiocese of Chicago said it has agreed to pay more than $12.7 million to settle lawsuits by 16 people who accused 11 priests of sexual abuse. The Archdiocese serves more than 2.3 million Catholics in over 378 churches in …
The simple fact is that now insurance companies in Michigan no longer will be able to use customers’ credit scores to set home and auto insurance premiums — if the state Court of Appeals ruling stands. Just when insurers thought …
Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not illegal, and, in the absence of a special relationship between the …
Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an insurance agency network and which one to join. The …
