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. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …

From Med Mal Caps to RICO Violations, No Headline Shortage in 2007

Severe summer storms that ransacked the Midwest, a court ruling that could negatively impact the medical malpractice insurance market in Illinois and RICO allegations in Minnesota were just a few of the news stories that made 2007 a year to …

Ice Storms Across Plains, Midwest Ground Airliners, Turn Deadly

Ice storms slickened roads and sidewalks, grounded hundreds of flights, and cut power to tens of thousands beginning Dec. 9 as the storms swept across the Southern Plains to the Great Lakes. The wintry weather continued and ice storm warnings …

People

Toledo, Ohio-based privately held commercial insurance brokerage, the Hylant Group, has named John W. Chaney as president of the Cleveland office and regional vice president. Chaney will be responsible for the overall management of the Cleveland office, while overseeing the …

Country Financial Enters Chicago Market, Names Fisher as Director

Rural company comes back to its roots in the big city Veteran Chicago financial services executive Michael Fisher has been appointed director of new market development by Country Insurance & Financial Services and will manage its newly created Chicago district …

Federal Appeals Court Reviewing Katrina Punitive Damage Award Against State Farm

State Farm Fire and Casualty Co. is asking a federal appeals court to throw out a landmark $1 million punitive damage award to a Mississippi couple who sued the insurer for refusing to cover Hurricane Katrina damage to their home. …

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. Recruiters Nuts & Bolts: Travis-Pedersen and Associates of Arizona LLC is offering a recruiters’ professional …

2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market

The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …

W.Va. Delays Deployment of Steel-Shelled Mine Shelters

West Virginia’s mine safety chief has delayed deployment of steel-shelled shelters in underground coal mines because they could not meet a state standard for internal temperatures during testing. Ron Wooten, director of the state Office of Miners’ Health, Safety and …

Texas Work Comp Division Assesses Nearly $78K in Penalties

In disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts in October and November 2007, the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) assessed administrative penalties totaling $77,800 for violations of the Texas Workers’ Compensation Act. …