Illinois News

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 …

State Farm to Stop Writing New Homeowner Policies in Florida

Florida’s largest private insurer, State Farm, has decided to cease writing new policies for homes. The move is not expected to affect most of the company’s 1 million current policyholders. But it will likely place greater pressure on the state-run …

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. Karate Sports & Fitness Insurance, a national underwriting facility specializing in sports and fitness facilities, …

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. Canine Security Nuts & Bolts: MarketScout is offering coverage for bomb and drug sniffing dogs. …

Business Moves

Chartwell Independent Insurance Brokers Chartwell Independent Insurance Brokers LLC, a Los Angeles-based wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, has opened a new office in Scottsdale, Ariz., to help meet the growing need among property owners, managers …

Allstate Settles La. Home Policy Cancellation Disputes

Allstate Corp. will restore insurance coverage for hundreds of customers and pay $250,000 to resolve disputes over cancellation of south Louisiana homeowner policies after Hurricane Katrina, the company said this week. The Northbrook, Ill.-based company has clashed with state Insurance …

Fla. Lawmakers Confront Property Insurance, again, in 2008 Session

Property insurance wasn’t supposed to be the big issue in the 2008 Florida Legislature. To the chagrin of many lawmakers, it just won’t go away. Legislators thought they’d largely taken care of the issue last year when they passed a …

Mich. Accident Fund Honors Agencies with 2007 President’s Club Award

Accident Fund Insurance Company of America recently recognized agencies by presenting its 2007 President’s Club Awards. The award is presented each year to a select number of independent insurance agencies that work with Accident Fund. The criteria focuses on outstanding …

E-mail May Scuttle Truce Between State Farm, Miss. Attorney General

With the press of a button, a lawyer for the nation’s largest insurance company may have ended a brief truce in its bitter dispute with Mississippi Attorney General Jim Hood. In an e-mail mistakenly sent to reporters Tuesday, a lawyer …