Illinois News

‘Most Secure Places to Live’ Are In Ore., Calif. and Wash.

Health, prosperity, safety and security are all desirable aspects when it comes to seeking a place to live, work or raise a family. According to the fourth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of …

Ice Storms in Plains, Midwest Ground Airliners, Blamed for 6 Deaths

An ice storm slickened roads and sidewalks, grounded hundreds of flights, and cut power to tens of thousands Sunday in a swath from the Southern Plains to the Great Lakes as even colder weather threatened. The wintry weather was expected …

Grimstad to Lead La. Medical Liability Insurer as President, CEO

The Louisiana Medical Mutual Insurance Company (LAMMICO) Board of Directors elected Thomas H. Grimstad, M.D., as its new president and chief executive officer. Dr. Grimstad will succeed John E. Lemoine, M.D., effective Jan.1, 2008. Since LAMMICO was founded in 1982, …

Parents of Brain Damaged Boy Settle with Ill. Hospital for $11.5 Million

Parents who sued Northwestern Memorial Hospital and a doctor after their child suffered brain damage from what they said was a botched delivery have agreed to accept a $11.5 million settlement, their attorney said. The brain damage and subsequent cerebral …

Insurance Institute of Michigan Elects 2008 Officers

The Insurance Institute of Michigan (IIM) recently held elections during its Annual Meeting on Nov. 27, 2007 in Lansing, Mich. Mike Puerner, vice president, secretary and general counsel of Hastings Mutual Insurance Co., Hastings, Mich. was elected chair of the …

Arthur J. Gallagher & Co. Acquires La.’s Powell Insurance Agency

Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Powell Insurance Agency Inc. in Metairie, La. Terms of the transactions were not disclosed. Established in 1948, Powell Insurance Agency offers risk management, property, casualty and employee benefit insurance services …

Encompass Insurance Product Expands Opportunities For Ky. Agents

Kentucky insurance agents can now offer their customers a product that combines accident forgiveness and discounts with rating tiers. Illinois-based Encompass Insurance’s new Encompass Edge, with its advanced rating tiers, gives agents the flexibility to write insurance for more customers …

Appeals Court to Review Insurance Claim Verdict in Miss. Katrina Suit

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. Dump Truck Fleets Nuts & Bolts: The Maplewood Group is offering coverage for dump trucks …

Business Moves

North Pointe Holdings Corp., American Capital Assurance Corp. Mich.-based North Pointe Holdings Corp. announced it has signed an agreement to sell its Home Pointe Insurance Co. subsidiary — which comprises North Pointe’s Florida homeowners and dwelling fire operations — to …