Illinois News

America’s Safest Drivers Travel the Roads in America’s Heartland

Residents in Sioux Falls, S.D., continued to top the chart as the safest drivers in the U.S., according to the fourth annual Allstate America’s Best Drivers Report. The average driver in Sioux Falls experiences an auto collision every 14.6 years. …

Jessica M. Frankovich

Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and will manage and grow the company’s Inland Marine book of business. …

State Ranking In Number of Events

F5 Tornado damage in Parkersburg, Iowa, May 25, 2008. Tornado damage, Windsor, Colo. Prior to 1990, the average number of tornadoes per year in the Continental US was 772. In the period from 1990 through 2007, the average was 1,215. …

Tornado Threats Loom Large as Flood Waters Recede

Kansas had 1,616 tornadoes, 11 of them were F4 tornadoes and nine were categorized as F5. … The number of tornadoes reported has gone up over 50 percent. Much has been written in the last six weeks about the 2008 …

5 Florida Regions Among Top 10 Tornado-Prone

The rural area to the northeast of Denver, Colo., tops the nation when it comes to regions most prone to tornados, according to Boston-based CDS Business Mapping LLC, an online hazard mapping firm. The top 10 most tornado prone metro-areas …

Figures

50% – 70% Reliable estimates reveal that between 50 to 70 percent of homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, insurance industry trade group Southwestern Insurance Information Service (SIIS) says. …

Mid-Year 2008: Securities Lawsuit Filings Remain Up

The continued steady subprime and credit crisis-related lawsuit filing level suggests that the litigation wave will continue during the second half of 2008. Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite …

Colorado Ranks High on Tornado Charts

Tornadoes are usually classified using the Fujita Tornado Scale, or FScale developed by Dr. T. Theodore Fujita at the University of Chicago in 1971, CDS said. Using FScale classifications, the study looked at whether there was any correlation between tornado …

New Markets

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. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …

S&P Advises Floods Could Lead to Ratings Actions on Midwest-Focused Insurers

An aerial photo shows a flooded area of downtown looking North over Cedar Rapids, Iowa, June 13, 2008. Interstate I-380 can be seen on the left while Mays Island, with Cedar Rapids City Hall, is seen on the right with …