Illinois News

Ill. Agents Host Annual Industry Legislative Day March 20

The Professional Independent Insurance Agents of Illinois (PIIAI), in conjunction with the Illinois Insurance Association (IIA), Illinois Association of Insurance and Financial Advisors (IAIFA), Illinois State Association of Health Underwriters (ISAHU), Illinois Association of Mutual Insurance Companies (IAMIC), and the …

Chicago Aon Supports Ill. Governor’s Health Care Proposal

Chicago-based Aon Corp. recently released a statement saying that it supports Illinois Governor Rod Blagojevich’s efforts to craft a health care plan that would provide affordable coverage options to the uninsured and underinsured, and address catastrophic illness and injury. Aon’s …

Dodd Blasts Insurance Industry Response to Hurricanes

U.S. Sen. Chris Dodd, a Democratic presidential hopeful, said he’s angry with the insurance industry’s response to the 2005 Gulf Coast hurricanes and said Mar. 9 he will hold senate committee hearings on insurance issues. Dodd, chairman of the Senate …

Insurance Journal’s Exclusive Agency Salary Survey

More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission rates in 2006 soared above …

News Currents

Conn. AG probes insurer, agency relationship Connecticut Attorney General Richard Blumenthal has issued subpoenas in an investigation of bonus commissions and other possible financial arrangements between Middlesex Mutual Assurance Co. in Middletown and H.D. Segur Inc., a large Connecticut insurance …

Declarations

Child safety “None of us wants to — as we each have done — meet with another family who has lost a child, in what is clearly a preventable death.” Sen. Hillary Rodham Clinton, D-N.Y., spoke in support of legislation …

Business Moves

MarketScout, Chicago MarketScout Corp., a Dallas, Texas-based eInsurance Exchange specializing in the distribution of property and casualty insurance products, opened a Chicago location to facilitate its growth in the Midwest. MarketScout underwrites and distributes hundreds of product lines to its …

New Markets

Wedding Insurance Nuts & Bolts: Travelers recently launched Wedding Protector Plan, which provides coverage with no deductible for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and …

Declarations

Child safety “None of us wants to — as we each have done — meet with another family who has lost a child, in what is clearly a preventable death.” Sen. Hillary Rodham Clinton, D-N.Y., spoke in support of legislation …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, an insurance policy covering weddings. The Wedding Protector Plan provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. …