Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Co. from a subsidiary of Premia Holdings Ltd. Terms of the deal were not disclosed. The proposed acquisition represents a step by …
Two former Berkshire Hathaway companies have been hit with a $250,000 fine by Illinois regulators for selling unapproved workers’ compensation policies to small businesses. The Illinois Department of Insurance says Continental Indemnity Company and Applied Underwriters Inc. also overcharged some …
The Illinois Department of Insurance reported that Public Service Insurance Co. (Public Service) and its parent corporation Public Service Mutual Holding Co. have been placed into rehabilitation. Policies will continue in force and policyholder claims will continue to be paid …
Illinois has become the 17th state to reach a settlement with a California-based human resources software startup for alleged insurance code violations. Illinois Department of Insurance investigators found the startup Zenefits violated state law by allowing unlicensed employees to sell …
Illinois Gov. Bruce Rauner will appoint Jennifer Hammer as head of the Illinois Department of Insurance to replace Anne Melissa Dowling, who is returning to the private sector. Hammer has extensive experience in healthcare law and policy. She currently is …
The Illinois Department of Insurance has posted in the Illinois Register a second notice of the approval by the Illinois Joint Committee on Administrative Rules (IJCAR) of rules concerning size limits on large deductibles for workers’ compensation insurance policies. The …
The Missouri Department of Insurance has once again refused to renew the non-resident producer license of the owner of an Illinois managing general agency that has been able to continue operations despite having his license revoked or non-renewed previously in …
U.S. Sen. Dick Durbin is taking the rare step of weighing in on the state’s handling of a hefty health insurance rate increase request, asking Illinois regulators to press the state’s leading insurer of families and small businesses to reduce …
By taking advantage of legal appeals processes, an Illinois managing general agency has been able to continue operations for more than a year despite having its license revoked or non-renewed by two separate state insurance departments. Northern Illinois Insurance Agency, …
The state of Illinois has tried an unusual maneuver to save a health insurer with 49,000 Illinois policyholders from possible financial failure by blocking it from paying a $31.8 million bill to the federal government. Illinois Department of Insurance Acting …
