Illinois News

Zurich Integrated Products Accepting New Midwestern Businesses

Schaumburg, Ill.-based Zurich North America Commercial announced today that its new Zurich Integrated Products unit is accepting new business submissions from agents and brokers in several Midwestern states for commercial customers in the small-to-middle market segments. Zurich launched this new …

Amerigroup Lawsuit Settled for $225 Million in Illinois Fraud Case

An insurance company giant has agreed to pay $225 million to settle a lawsuit that accused it of discriminating against pregnant women and other high-risk patients in Illinois. The Illinois attorney general’s office announced the settlement with Virginia-based Amerigroup on …

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 …

Florida Insurance Commissioner and Allstate Resolve Pending Litigation

Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation reached a limited agreement with the Allstate Companies. The agreement includes a $5 million fine to resolve the ongoing issues that had become the subject of numerous proceedings …

American Slain in 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 …

Insurance Group Seeks Rebate Resolution in Iowa

Iowa’s law on insurance rebates is clear, and the Des Plaines, Ill.-based the Property Casualty Insurers Association of America (PCI). The national group is urging the Insurance Commissioner Susan Voss to work with the industry to find an appropriate resolution …

MyNewMarkets.com Announces Two More Exchange Conferences

Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego on Sept. 4, 2008. and Dallas on Sept. 30, 2008. MyNewMarkets.com Exchange conferences can best be described as insurance “market fairs,” where …

Zurich Names Davis Executive VP – General Insurance

Zurich announced from its Illinois headquarters that Ron Davis has been appointed executive vice president and head of customer management for General Insurance, effective immediately. Davis, who previously served as global relationship manager for Zurich Global Corporate, is based in …

Texas Orders $4.4M in Fines and Restitution in June

Enforcement actions by Texas Commissioner Mike Geeslin in June included five license revocations, a license denial, and fines and restitution totaling $4,422,505, theTexas Department of Insurance reported. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information Office. …

Grange Insurance Names Benz President of Life Group

Grange Insurance recently added Michelle Benz as president of the Grange Life Insurance Company. She replaces Tom Welch, previous president of Grange Life who was promoted to chief financial officer of Grange Insurance in April. Welch had been leading Grange …