Governor Rod R. Blagojevich announced on July 15 that Illinois’ number of motorists and front seat passengers who buckle up in the state edged upwards and exceeded 90 percent for the second straight year. In addition, the Illinois Department of …
New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …
A.M. Best Co. has downgraded the issuer credit ratings to “bb-” from “bb” of Kingsway Financial Services Inc. of Ontario and Kingsway America Inc. in Illinois. Concurrently, A.M. Best has downgraded the financial strength ratings to B+ (Good) from B++ …
Northbrook, Ill.-based Allstate Insurance Co. has agreed to settle an insurance case involving a Hawaii man that had attracted national attention over the insurer’s refusal, and eventual agreement, to provide key documents on how it evaluates and pays claims. The …
Encino, Calif.-based NAS Insurance Services has expanded its abuse/molestation legal expense insurance to include individuals, groups and businesses that sponsor events on their premises such as homeowner associations, property managers, land owners, etc. Also covered are new entities such as …
James E. Rutrough, vice chairman and chief administrative officer of State Farm Mutual Automobile Insurance Company, based in Bloomington, Ill., has been named the chairman of Junior Achievement USA headquartered in Colorado Springs, Colo. Rutrough has been on Junior Achievement’s …
Federal officials say they’ve approved more than $3.6 million in disaster assistance grants for severe flooding in Illinois last month. The Federal Emergency Management Agency announced the funds Saturday. The money pays for temporary rental housing, home repairs and replacement. …
Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates. However, property/casualty writers that are geographically concentrated in the affected states, especially those …
Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state’s Insurance Commissioner Steve Poizner said. “In today’s sputtering economic environment, people need all …
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 …
