Illinois News

Mich. Medical Society Says Rate Drop Shows Tort Reform Law Working

A clear indication that Michigan’s 1993 tort reforms are working is that the state’s largest physician medical malpractice insurer is cutting its premiums by 12 to 25 percent for Wayne County physicians, the Michigan State Medical Society (MSMS) announced yesterday …

Court Rejection of Award Caps Creates Uneasiness Again For Ill. Physicians

Dr. Kostantinos Psihramis says he wanted to make a difference when he relocated from Virginia to the southern Illinois town of Belleville in late 2005, filling one of two holes created when specialists left the area. The urologist was concerned …

Allstate Donates On-line Access of Encarta Africana to Chicago Schools

Northbrook, Ill.-based Allstate Insurance Co. recently announced it had made a contribution of a three year subscription to Encarta Africana to all Chicago Public High Schools. Nearly 500 people turned out at Urban Prep Charter Academy on Thursday, Nov. 15, …

People

The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston recently. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …

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. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

My 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. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

People

The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston recently. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …

People Lockton Companies LLC appointed Frank Scardino as president of the company’s Dallas property and casualty operation. In his new position, Scardino is responsible for setting the vision and long-term strategies for the insurance broker’s risk management and consulting business. …

New Players Enter the E&O Market … But Some Agents May Not See Rates Decline

Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate further rate hikes in 2008. New players are …

Arthur J. Gallagher to Acquire Pa.-Based Yanni Partners

Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Yanni Partners Inc. of Pittsburgh, Pa. Terms of the transaction were not disclosed. The transaction is expected to close before Jan. 31, 2008. Founded in 1989, Yanni Partners …