Latest Illinois Headlines
All the headlines from our Illinois Topic Page, ordered by recency.
N.Y., Conn., Ill. AGs bring another suit, this time against Acordia
Jan 7 2007 // News Currents The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit against one of the nation’s...
Strategic Independent Agents Alliance Forms Illinois Master Agency
Jan 3 2007 // Strategic Independent Agents Alliance (SIAA) recently announced that Total Insurance Services of Northbrook, Ill. has established Northern Illinois Strategic Insurance Alliance as SIAA’s newest master agency. The new...
Ill. Gallagher & Co. Reach Settlement in Federal Class Action Case
Dec 29 2006 // Arthur J. Gallagher & Co. announced today that it has agreed to resolve all claims in the Federal Multi-District (MDL) class action pending in the New Jersey Federal District Court against commercial insurers and...
New Ill. Law Effective Jan. 1 Will Help Prevent Identity Theft, Official Says
Dec 28 2006 // Beginning Monday, Jan. 1, Illinois consumers will have access to a new tool to stop identity thieves from opening new credit in their names. The new law will allow all Illinois residents to place a “security...
Illinois counties listed as ‘Judicial Hellholes’ – deja vu
Dec 25 2006 // Just last year at this same time the 2005 ranking of the worst court systems in the country was released by the American Tort Reform Foundation. Illinois had three of the six listed then and unfortunately, we have the same...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
Contingent commissions, court rulings highlight 2006
Dec 25 2006 // In 2006, the Midwest experienced the impact of contingent commission settlements based on the actions of several attorneys general and a myriad of court rulings on insurers’ use of credit, liquor liability and...
Editor’s Note: Illinois counties listed as ‘Judicial Hellholes’ – deja vu
Dec 24 2006 // Just last year at this same time the 2005 ranking of the worst court systems in the country was released by the American Tort Reform Foundation. Illinois had three of the six listed then and unfortunately, we have the same...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Ill. Arthur J.Gallagher Acquires Mid America Group of Philadelphia
Dec 22 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Mid America Group, Inc. located in Philadelphia, Penn. Terms of the transaction were not disclosed. Established in 1970 as an employee and...
Chubb Settles with N.Y., Conn., Ill. AGs; Agrees to End Contingent Commissions
Dec 21 2006 // The Chubb Corporation has entered into a settlement agreement with the Attorneys General of New York, Connecticut and Illinois, to resolve an investigation of customer steering, improper finite reinsurance transactions,...
N.Y., Conn., Ill. AGs Bring Another Suit, This Time Against Acordia
Dec 19 2006 // The attorneys general of Connecticut, Illinois and New York continued their campaign against undisclosed compensation and account steering by simultaneously bringing suit today against one of the nation’s largest...
Ill. Assurance Agency Names New Executive Vice President
Dec 19 2006 // Schamburg, Ill.-based Assurance Agency has named Michael Mann as its new executive vice president. In his new role, Mann will be responsible for managing and directing one of Assurance s property and casualty production...
Acordia Disputes Charges by Attorneys General in N.Y., Conn., Ill.
Dec 19 2006 // Acordia Inc., an insurance brokerage owned by Wells Fargo & Co., said it will vigorously defend against allegations brought by the attorneys’ general of New York, Connecticut and Illinois. “Contingent...
Three Ill. Counties Named Again in 2006 Judicial Hellhole Ranking
Dec 14 2006 // The American Tort Reform Foundation (ATRF) released its annual Judicial Hellholes report, shining a bright spotlight on “America’s worst jurisdictions in which to face a lawsuit.” Three counties in...
Policyholder Insurance Information Stolen from Ill. Vendor
Dec 14 2006 // Computer records containing personal information of about 130,000 members of Connecticut-based health insurer Aetna Inc. were stolen from the office of a vendor, the company said. A lockbox stolen during an Oct. 26...
Ill. Former Alderman Sentenced to 13 Years in Federal Prison
Dec 13 2006 // A former alderman in the Metro East community of Waterloo was sentenced Monday to 13 years in federal prison for arranging to have his pizza restaurant burned in 2003 to collect insurance money. U.S. District Judge William...
Ill. Trial Attorney Decides to Open Med Mal Insurance Company
Dec 12 2006 // In Illinois’ intense debate over the cost of medical malpractice, insurance companies and trial lawyers are often bitter enemies. Kim Presbrey is determined to change that. A former president of the Illinois Trial...
Gov. Blagojevich Pushes Universal Health Care for Illinois
Dec 11 2006 // Gov. Rod Blagojevich campaigned on a promise to one day bring universal health care to Illinois, and a state panel came up with ideas for the Legislature to accomplish it, but not how to pay for it. The proposal to...
Countrywide launches auto product in Colorado, Illinois, Indiana, Nevada
Dec 10 2006 // Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in...
