Illinois News

Associated Risk Managers Looks to Florida and the Southeast

Itasca, Illinois-based Associated Risk Managers is implementing expansion efforts across the Southeast, beginning with Florida. According to ARM Chairman, Larry McSpadden, ARM members Lewis Maddux and Danny Gleason teamed to promote and expand the Florida ARM membership. With extensive property …

A.D. Carlton Rolls Out New Market for Artisan Contractors in Ill., Texas

Irving, Texas-based A.D. Carlton Insurance, a wholesale broker and MGA specializing in contractors, has introduced a new general liability market for artisan contractors in Texas and Illinois. Program details include: $700 minimum premium for $1 million per occurrence limit; $250 …

Online Broker Upgrades Car Crash Safety Ratings Tool

Darien, Ill.-based Insure.com, Inc. has upgraded its Car Crash Safety Ratings Tool, which is a free, online information tool that displays car-safety data from both the Insurance Institute for Highway Safety and the National Highway Traffic Safety Administration. The new …

Illinois Governor Appoints Moreland to Workers’ Comp Advisory Board

Kimberly Moreland, vice president of Rising Medical Solutions, a medical-financial organization, was named one of nine governor-appointed seats on the State of Illinois Workers’ Compensation Medical Fee Advisory Board. In this position, Moreland will advise the Illinois Workers’ Compensation Commission …

Court Clashes over Katrina Damage Wind Down in Mississippi

It took three years for Mississippi resident, Scott Gordon, to resolve the dispute that Hurricane Katrina spawned with his insurance company. Anything resembling a full recovery from the storm will take much longer. “There are some scars that will probably …

Business Moves

Aon Corporation, Benfield Group Chicago-based Aon Corporation and UK-based broker Benfield Group Limited reached agreement for Aon to acquire Benfield for £3.50 ($6.55) per share in cash and assume £91 million ($170 million) of Benfield net debt, representing an enterprise …

Earthquake Expert Warns of Economic Damage

From cracked oil and natural gas pipelines to contaminated public water supplies, the nation’s economy could be the biggest casualty of the next major Midwest earthquake, an earthquake expert warned. Geologic engineering professor Dave Rogers of Missouri University of Science …

American Slain in Beijing Was Board Chairman of Illinois Insurance Company

An American stabbed to death in China in an attack that also critically injured his wife had ties to the Metro East, Ill. Sixty-two-year-old Todd Bachman was the board chairman at Edwardsville-based Hortica. That company provides insurance and risk management …

It Figures

$15 Million Iowa officials estimate it will cost $15 million to bring the state up to speed on flood plain maps. Only 50 of Iowa’s 99 counties have complete maps that meet federal standards. The outdated or incomplete maps are …

Ballinger Keeps the Beat at the Surplus Lines Stamping Office of Texas

SLSOT Celebrates its 20th Anniversary This Year Phil Ballinger, executive director of the Surplus Lines Stamping Office of Texas, knows a lot about rhythm. He was a drummer with the Van Wilks Band long before he joined SLOT, and while …