Walnut Creek, Calif.-based Heffernan Insurance Brokersrecently announced that it has opened a new branch office in the Chicago area. Jim Howard, senior vice president will be the Chicago branch manager, and will be charged with new business development in the …
Evacuate Wrigley Field and O’Hare Airport because of a summer storm? Unbelievable. Tornado sirens screeching within Chicago city limits–unheard of. Ninety thousand lightening strikes reported by the Chicago Tribune during the peak of this storm? Unprecedented. Chicago and surrounding suburbs, …
Buckle Up “There is an obvious correlation between safety belt use and the fatality rate.” —Illinois State Police Director Larry G. Trent comments on the announcement on July 15 that the number of motorists and front seat passengers who buckle …
Insurance company Amerigroup Corp. said July 22 that it has agreed in principle to settle for $234 million a lawsuit accusing it of discriminating against pregnant women and other high-risk patients. The settlement includes $225 million to be paid to …
Subprime and Credit Crisis Filings Show No Sign of Abating Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite the steady flow of new securities litigation during the first half of 2008, …
Hundreds of thousands of tractor-trailer and bus drivers in the United States carry commercial driver’s licenses despite also qualifying for full federal disability payments, and some of those drivers have suffered seizures, heart attacks or unconscious spells, according to a …
Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …
Mississippi’s insurance commissioner says a long-awaited review of State Farm’s handling of insurance claims after Hurricane Katrina is nearly complete. Commissioner Mike Chaney said Aug. 1 that he plans to release the department’s market-conduct exam of State Farm in late …
Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an insurance agency network and which one to join. The …
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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …
