Illinois News

Confie Seguros Acquires West Coast Auto Insurance Services

Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage West Coast Auto Insurance Services. The acquisition broadens Confie Seguros’ presence throughout California. According to the company, its management team has …

Diaz to Head Marsh’s New Client Technologies Unit

Marsh’s London office announced the appointment of William Diaz as head of Marsh Client Technologies, “a newly formed unit that comprises MarshConnect, the firm’s global client technology interface, and CS STARS.” Diaz will work with Marsh’s clients and the firm’s …

Illinois Woman Accepts $5.5 Million Settlement in Childbirth Lawsuit

A woman from the Chicago suburb of Northlake, Ill., whose son was born with severe brain damage, has agreed to a $5.5 million settlement with the doctors and hospital she blames for causing what will be a lifetime of problems …

Study: Tort Reform Lowers Premiums, Sometimes

A researcher at the University of Iowa has found that tort reform laws do lower insurance premiums and save consumers money, though it depends on where the consumer lives. Ty Leverty, assistant professor of finance in the Tippie College of …

Ike’s Wrath Hits Midwest; 1,000 Homeowners Evacuated, Roads Closed

Illinois Governor Declares State of Emergency Midwest residents felt the wrath of Hurricane Ike on September 13 and 14 as rains made their way up the middle corridor of the country pelting Illinois and Indiana, spurring Illinois’ governor to call …

Illinois Mayor Charged with Insurance Fraud Steps Down

Niles, Ill.’s long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement was effective Sept. 1. The Village Board is expected to appoint an acting mayor. In …

Hurricane Ike: We’re All Connected

When it was all over, six people were dead, expressways remained flooded in every direction, 1,000 people were evacuated, schools closed and Illinois Gov. Rod Blagoevich had declared seven counties in Illinois as emergency areas. When meteorologists started talking about …

People

The Des Plaines, Ill.-based the National Insurance Crime Bureau (NICB) announced that Robert M. “Bear” Bryant retired as NICB president and CEO, on Sept. 2, 2008. At NICB, Bryant was the force behind the creation of Medical Fraud Task Forces …

Study Finds Economic Costs of Federal Cat Legislation Significant

Taxpayers In At Least 20 States Could Face Multi-Billion Dollar Tax Burden Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …