Illinois News

Ill. Vioxx Verdict Helps Madison County Shed Pro-plaintiff Reputation

Judicial watchdog Ed Murnane long has been critical of Madison County’s reputation as a plaintiff’s paradise in big-money lawsuits, and he knew changing that would take baby steps. So it was little wonder that the chief of the Illinois Civil …

Ill. House Approves Driving Certificates for Illegal Immigrants

The Illinois House voted Wednesday to give illegal immigrants a way to drive legally on the state’s roads, a move supporters say will be controversial but should improve highway safety. Illinois police organizations support the measure. But Secretary of State …

Ill. Assurance Adds Vice President, Executive Benefits Consultant

Schaumburg, Ill.-based Assurance Agency, Ltd. recently announced the addition of Mike Roseri as vice president, executive benefits consultant on Assurance’s Benefits team. He will report directly to Jackie Gould, executive vice president. Most recently, Roseri was the regional vice president …

Wis. Bill Would Provide Coverage for Uninsured Veterans

Wisconsin legislative Democrats unveiled plans this week to make health insurance coverage available for most uninsured veterans in the state. The Assembly Speaker said he would keep Rep. Terry Musser as chair of a veterans’ committee despite the Republican’s acknowledgment …

Eden Joins Main Street America

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 …

Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense

The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A …

Ill. Speciality Underwriters Contracts with New Partner

Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and underwrite commercial general liability programs to the underserved construction segment, including the …

Best Rates Interglobal ‘B++’

A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb” to UK-based Interglobal Insurance Company Limited (IIC) with a stable outlook. “The ratings reflect the strong risk-adjusted capitalization, low loss ratio …

Bipartisan Flood Insurance ‘Modernization’ Bill Boosts Borrowing, Maximum Limits

U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5 billion, increases the maximum coverage limits and provides for business interruption coverage. Backers …

Ill. Attorney General Warns Consumers about Recall on Children’s Jewelry

Illinois Attorney General Lisa Madigan issued an alert on March 21st about a recall of children’s necklaces that contain high levels of lead that may be toxic if ingested by young children and can cause adverse health effects. The recall …