Illinois News

Ill. insurer, Hortica, alerts public to data loss

Florists’ Mutual Insurance Company (Hortica), an Illinois-based provider of employee benefits and insurance to companies in the horticultural industry, reported that a locked shipping case containing magnetic backup tapes cannot be located. Hortica believes that the backup tapes contained personal …

Top 25 Property/Casualty Companies in Premium Growth

12-months ending Dec. 31, 2006 versus Dec. 31, 2005 (000 Omitted) DPW $ Change DWP DWP DWP $ DWP % Rank Company Name 12/31/2006 12/31/2005 Change Change 1 Lexington Insurance Co. 6,273,352 5,020,961 1,252,391 24.94% 2 American Home Assurance Co. …

People and Places

Doug Eden has joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla., and will report to chairman, president and …

News Currents

Banks’ total insurance revenue dipped The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup Inc. (N.Y.), Wells Fargo & Co. …

My New Markets

Office/Manufacturers Technology Nuts & Bolts: Travelers Select Accounts is now offering Technology Office Pac and Technology Manufacturers Pac Plus as part of Master Pac, Travelers’ Business Owner’s Policy for small commercial insurance. They cover small technology businesses and provide two …

Banks’ total insurance revenue dipped

The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup Inc. (N.Y.), Wells Fargo & Co. (Calif.), Countrywide Financial (Calif.), HSBC …

My New Markets

Office/Manufacturers Technology Nuts & Bolts: Travelers Select Accounts is now offering Technology Office Pac and Technology Manufacturers Pac Plus as part of Master Pac, Travelers’ Business Owner’s Policy for small commercial insurance. They cover small technology businesses and provide two …

People and Places

Doug Eden has joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla., and will report to chairman, president and …

Allstate Wins 29% Rate Hike in Miss.; Resumes Coastal Writings

Homeowners on Mississippi’s Gulf Coast face another insurance rate hike in Hurricane Katrina’s aftermath. Mississippi insurance regulators this week approved a statewide rate increase of 29 percent for Allstate homeowner policyholders, the Northbrook, Ill.-based insurer announced Wednesday. The company, in …

State Farm to Reduce Auto Rates in Ill. by 6 Percent

State Farm will reduce auto insurance rates an average of 6 percent in Illinois effective May 14, the company said in a statement this week. Premiums will dip by an average $40 a year statewide, though amounts will vary based …