Alliant Resources Group, Inc. (Alliant), an expanding insurance brokerage and financial services distribution company, announced that Michael Kelter, president of Kelter Alliant Insurance Services, Inc., a member of the Alliant group of companies, has been elected chairman of the Fireman’s …
Federal investigators are pursuing charges that Chicago-based Near North Insurance Brokerage has regularly failed to pay and in some cases falsely listed minority- and women-owned subcontractors on municipal insurance deals, according to confidential high-ranking sources within the beleaguered, clout-heavy firm. …
Liquor establishment specialty insurer Illinois Casualty Co. has filed suit to avoid payment on two policies held by the Chicago nightclub and restaurant where 21 people died last month in a stampede, according to the Chicago Tribune. Illinois Casualty filed …
Gov. Kathleen Sebelius “will be amenable to signing” a bill to restrict credit-based insurance scoring, according to Insurance Commissioner Sandy Praeger. Sebelius, a Democrat who served as insurance commissioner for eight years before her election to the governor’s mansion in …
The United National Group of insurance companies, a provider of specialty and surplus lines property and casualty insurance, announced that its controlling shareholders have entered into an agreement whereby Fox Paine Capital Fund II, L.P., an investment fund managed by …
Chicago-based CNA Financial Corp. has revised its net 2002 profit $32 million lower in response to complaints from the SEC about the timing and accounting of investment losses, according to a statement released by the commercial lines insurer. CNA lowered …
Rising claims costs, not stock market losses, are the real culprit behind increasing medical malpractice premiums for Illinois physicians, a policy analyst for the American Insurance Association (AIA) told legislators at a hearing in Springfield. “When half of the doctors …
The winners of the first-ever Quantum Award were announced at the AMS Users’ Group 27th Annual National Conference on March 15. Travelers Property Casualty and Michigan Insurance Company tied for the award, which recognizes insurance companies who develop technology that …
The Professional Insurance Agents of New York has asked the DMV to cease a pilot program that sends drivers ads with their registration renewals in the mail. “If you register your car in New York,” said the bulletin, “expect to …
The National Association of Independent Insurers does not see many changes following passage by the New York Assembly Insurance Committee and the full Assembly of Committee Chairman Grannis’ fraud bill, which is now headed to the Senate Insurance Committee. “Although …
