Illinois News

PWIB Announces Change of Name and Launch of New Divisions

ATLANTA, March 5, 2008 – Insurance Specialty Group, LLC (“ISG”) is the holding company, which owns Pacific Wholesale Insurance Brokers, LLC (“PWIB”). ISG is pleased to announce the change of business name of its wholesale brokering operations from PWIB to …

State Farm Says Neb. 2007 Auto Rates Fell by 18 Percent

Bloomington, Ill.-based State Farm Insurance said recently that many drivers in Nebraska should see lower car insurance rates because there have been fewer accidents. State Farm insurance says its auto insurance rates in the state were 18 percent less expensive …

Obama-Clinton Politics of Health Mandate Now Playing in Mass.

Barack Obama is no fan of the individual mandate that has been central to the successful launch of the Massachusetts universal health care law. He likes to cite its foibles as he criticizes his Democratic presidential rival, Sen. Hillary Rodham …

Grange Insurance Adds Board Member Buth, Chairman Billman Retires

Grange Mutual Casualty Company recently announced that its policyholders have elected Douglas Buth to its Board of Directors. Chairman Emeritus Edward Billman also announced his retirement from the Grange Board. Both announcements were made during the company’s annual policyholders’ meeting. …

Texas Workers’ Comp Division Reports Disciplinary Actions for Dec., Jan.

The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) announced final disciplinary actions taken by Commissioner of Workers’ Compensation Albert Betts in December 2007 and January 2008. The final actions include orders assessing administrative penalties totaling $131,000 for violations …

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Ill. Appeals Federal Decision to Deny Disaster Aid to Flooded Areas

The Federal Emergency Management Agency is reviewing an appeal of a decision that floods last month in two eastern Illinois counties weren’t severe enough to merit disaster-area status. FEMA spokesman Aric Schmidt says there’s no deadline to finish the review. …

New Markets

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Congress Asked to Promote Wider Use of Motorcycle Helmets

U.S. Transportation Secretary Mary E. Peters recently sent legislation to Congress that seeks greater flexibility for states to target one of the leading causes of motorcycle deaths across the nation: riding without a helmet. An avid motorcyclist, Peters credits her …

Business Moves

Mercator, Tennant Risk Services Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not disclosed. Tennant Risk Services specializes in errors …