Illinois News

Safety Group Opposes Ill. Senate Bill that Increases Truck Speed Limits

A safety group is speaking out about the what they say are the dangers of the override of Illinois SB 540, which allows large tractor-trailer trucks to travel on rural, four-lane highways at the same speed limits as passenger vehicles. …

Accident Fund Offers New Group Workers’ Comp Programs in Ill., Mich.

In partnership with the Schaumburg Business Association and the Michigan Society of Professional Engineers, Accident Fund Insurance Company of America recently introduced two new group workers’ compensation insurance programs. Those groups are: The Schaumburg Business Association (SBA) Group Program was …

States Sue Bush Over Limits on Children’s Health Insurance

Several states say they will challenge the Bush administration in federal court over its new rules that block the expansion of a health insurance program for children from low-income families. Arizona, California, Illinois, Maryland, New Hampshire, New Jersey, New York …

Dear Taxpayers: IRS Launches Special Audit to Close ‘Tax Gap’

Starting this month, hundreds of Americans will be getting “Dear Taxpayer” letters telling them they’ve been selected for a special audit by the Internal Revenue Service. The 13,000 chosen at random this year — and similar numbers in subsequent years …

Texas Renews 13 Companies to Self-Insure for Workers’ Comp Claims

Thirteen companies with approximately 49,800 employees in Texas were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance Division of Workers’ Compensation Self Insurance Program, TDI announced. To qualify to self-insure for …

Fla. Releases Medical Malpractice Report, Favorable Trend Continues

A recent state-sponsored report showed a continuing trend of recovery for the Florida medical malpractice industry – an industry that experienced double-digit rate increases and lack of availability prior to the 2003 legislative reforms. The Florida Office of Insurance Regulation …

Allstate Insurance Co. Civil Trial Begins in Kentucky

A civil trial regarding Allstate Insurance Co.’s procedures for handling claims began in Fayette County Circuit Court this week. Geneva Hager, of Richmond, Ky., filed a $1.425 billion civil lawsuit claiming the company’s procedures for handling claims violates state law. …

Trustee of Bankrupt West Virginia Steelmaker Sues Zurich

The trustee of the former Weirton Steel Corp. is suing Zurich Specialties London Ltd., claiming the insurance company refused to pay a legitimate claim and now owes the bankrupt steelmaker’s creditors $39 million. The complaint, filed in U.S. District Court …

More States Join Centralized Insurer Market Conduct Exam Initiative

Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30 states. The 30 states require companies …

Lead Content Prompts More Toy Recalls

Toys and children’s necklaces made in China were recalled Wednesday, including five more items from the popular Thomas & Friends Wooden Railway product line, because they contain dangerous levels of lead. RC2 Corp.’s “Knights of the Sword” series toys and …