Illinois News

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. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …

It’s Time to Undo Florida’s Property Insurance ‘Reforms’

A year has passed since Gov. Charlie Crist and a nearly unanimous Legislature hailed the arrival of a new era for Florida’s property insurance system. They promised lower rates, greater availability of insurance, and a more vibrant insurance market. Today, …

It Figures

2 The number of fires in consecutive days in a University of Tennessee dorm that prompted the state fire Marshal to begin a 24-hour fire alert and watch. The Knoxville Fire Department responded to calls after fires in a fifth …

It Figures

$500 Pine Bluff, Ark.’s new fire chief is so fed up with arsons at abandoned homes in his city that he’s reaching into his own wallet to try and stop the blazes. The Associated Press reported that Don Horton will …

Midwest Legislative Sessions Focus on Auto, Credit, Tort Reform

The Washington, D.C.-based the American Insurance Association (AIA) says state legislative sessions opening across the Midwest will see a focuc on proposals dealing with workers’ compensation, liability reform, auto insurance and credit-based insurance scoring.. “Preserving competitive marketplaces and defeating measures …

Brooke Capital Corp. Elects Zuhlke Executive Vice President

Brooke Capital Corp. recently announced the election of James R. Zuhlke as executive vice president for its insurance company operations. Zuhlke, 61, is responsible for Brooke Capital Corp.’s auto insurance company operations and is the company’s counterpart to Dane Devlin, …

Mississippi’s BancorpSouth Acquires Texas Insurance Company

Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not disclosed. Joe Max Green, chairman of JMG/IC …

Allstate Defends Property Insurance Rate Proposal to Lawmakers

Warming oceans, and the possibility they may bring more hurricanes, have to be considered when setting property insurance rates, Allstate officials told lawmakers Monday, defending themselves against allegations they are gouging consumers. Allstate officials went before the Senate Select Committee …

Clinton Suggests Tapping Wages of Those Who Won’t Buy Insurance

Democrat Hillary Rodham Clinton said she might be willing to have workers’ wages garnisheed if they refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a …

BancorpSouth Insurance to Buy JMG/IC Insurance of Texas

BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the transaction will be Jan. 1, 2008. Financial terms of …