A Wisconsin Senate Committee has killed the “all sums” bill, a measure vehemently opposed by the insurance industry. A.B. 222 (Senate Bill 137), was defeated in the Senate Committee on Agriculture and Insurance by a vote of 6-1 on Sept. …
Illinois Division of Insurance Director Michael McRaith on Wednesday assured an audience of independent agents that in spite of the Division’s ongoing investigation of agent commission practices, he was committed to working toward a compromise between producers and consumers on …
Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the softening of the traditional insurance market means shrinking volume …
Summer may be winding down here in the Midwestern states — in Chicago, temperatures are finally back in the 70s, we’ve gotten a smattering of rain, and school is back in session (thank God!) — but insurance news shows no …
Illinois Gov. Rod Blagojevich on Thursday signed into law a medical malpractice bill that will establish caps on noneconomic damages and institute other reforms to the state’s troubled med-mal system. But while insurers are pleased with the damage caps, there …
Just when I thought I was out, they pull me back in!” (Al Pacino as Michael Corleone, Godfather III) In case you haven’t noticed from the accompanying mug shot, I replaced Kevin O’Reilly as Insurance Journal’s Midwest managing editor on …
By Laura Mazzuca Toops Farmers in Midwestern states like Kansas have more than doubled the acres they insure and tripled their dollar amount of coverage since 1989, according to recent statistics. It’s a trend that could mitigate financial hardships arising …
