Illinois News

PartnerOne Offers 4 New Environmental Insurance Products

PartnerOne Environmental — Beacon Hill Associates’ underwriting division — has partnered with ACE Westchester to offer four new environmental insurance products for agents pursuing environmental protection for their clients. The new policies include PartnerOne Self Storage Plus, which addresses pollution …

Indiana Insurance Names Frankovich Inland Marine Manager in Illinois Office

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

Mortgage Rescission Could Be Class Action Nightmare for U.S. Banks

A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law. …

Flooded Midwest’s Impact Could Be Felt at Dinner

Producers might benefit from the $3.8 billion disaster fund that is part of the 2008 farm law. Farmers must have crop insurance to qualify for the program. We have all watched with utter dismay and compassion as Midwest storms and …

Nebraska Beef Ltd Now Recalling 5.3 Million Pounds of Beef

Nebraska Beef Ltd. is expanding a recall announced on July 1 to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26. Federal investigators have linked Nebraska Beef’s products to an outbreak …

USDA Mulls Options on Midwest Flood Aid

The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said in late June. Agricultural losses in Iowa may be “in the …

Small Earthquake Hits Arkansas County

A small earthquake jolted Mississippi County, Ark., early on July 5, causing no reported damage. The magnitude 2.7 temblor struck about one mile southeast of the small city of Dell along Arkansas 18. The United States Geological Survey says the …

People The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated with running the Professional Insurance Agents Political Action Committee, …

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. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …

Willis Buys HRH for $2.1 Billion

Combined Firm Doubles Employee Benefits Business Willis Group Holdings Chairman and CEO Joe Plumeri holds a reputation for taking on challenges. On June 8 his company gave him one. Willis announced it has agreed to buy Virginia-based rival Hilb Rogal …