In one sense we’re the new kid on the block, but in other ways we should be a familiar presence. The Insurance Journal has been around since 1923, the year it began publication as a local Southern California insurance magazine. …
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 certain markets, Illinois’ open and competitive …
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 million residents comprised nearly a quarter of …
The small business unit of Chicago-based commercial lines insurer CNA hopes to hit $1 billion in premium volume at the end of 2005 by targeting Main Street businesses with more customized policy forms and a stripped-down version of its business …
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 Department of …
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 Insurance Brokerage Inc. (NNIB), was Chicago’s …
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 heartland state has a crisis as acute as …
Nuts & Bolts: Indemnity Excess & Surplus Agency Inc. is offering a market for umbrella/excess for applicants with sales under $55 million. Target markets include: real estate management, OLT, restaurants, hotels, apartment complexes, trade contractors, golf courses, self storage facilities, …
Nuts & Bolts: The St. Paul Cos. launched a new product for community banks that will offer protection from the risks associated with conducting business on the Internet. Coverage includes legal liability for damages and defense costs for failure to …
Nuts & Bolts: Abacus Insurance has available online through the APM platform a market for over 150 classes of special events. Brokers quote and bind online in real-time. Coverage lines include general liability, liquor liability, rented equipment, nonowned auto, and …
