Illinois News

WKF&C Adds Professional Liability Enhancements

Melville, New York-based managing general agency WKF&C Agency Inc. said it has added several new enhancements to its professional liability portfolio that all are underwritten by certain underwriters at Lloyds of London. The enhancements include: excess liability of up to …

Illinois’ Archer Daniels Midland Co. Acquires Shares of Agriserve Inc.

Archer Daniels Midland Company announced on Nov. 11 that its wholly owned subsidiary, Agrinational Insurance Company, has acquired 50 percent of the shares of Agriserve Inc. (ASI). Agrinational has also acquired an option to purchase the remaining shares of Agriserve …

Savaiano Joins The Hanover’s Employment Practices Liability Unit

Worcester, Massachusetts-based The Hanover Insurance Group Inc. named Helen Ryan Savaiano as vice president, management liability, for the company’s commercial lines business. In this capacity, Savaiano will develop a business unit that builds on The Hanover’s current employment practices liability …

Group Rates States on Consumer Insurance Information on Web

A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with only six states doing an excellent job. State insurance department websites in 6 states were found to be “excellent” in …

Alabama-based Infinity Reports Strong Underwriting Results

Birmingham, Ala.-based Infinity Property and Casualty Corp., a national provider of personal automobile insurance, reported results for the three and nine months ended Sept. 30. Stronger than expected underwriting results resulted in an increase in Infinity’s operating earnings during the …

Morris Named Chief Communications Officer by National Crime Bureau

Joe Wehrle, president and CEO of the National Insurance Crime Bureau (NICB), is pleased to announce the appointment of Roger Morris as vice president and chief communications officer for NICB. He will be responsible for communications, public affairs, marketing and …

Industry Can Expect Change Whether Obama or McCain Wins

As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line. After the election Tuesday, major changes look likely for many sectors of the U.S. …

Mississippi Katrina Report: No Insurer Fraud Pattern

State Farm Fire & Casualty Cos. made questionable decisions in handling Hurricane Katrina claims, but a nearly two-year study found no pattern of fraud in Mississippi, according to a state agency report released Oct. 30. The 42-page report by the …

Former Illinois Mayor Pleads Guilty to Insurance Scam

The former mayor of the Chicago northern suburb of Niles has pleaded guilty to taking more than $420,000 from an insurance agency in a kickback scheme. Nicholas Blase appeared before U.S. District Judge Wayne Andersen on Oct.31. The 80-year-old admitted …

Brooke Corp. Troubles Continue as Stock is Sold

Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 …