Illinois News

Report Card Ranks Vermont Best, Florida Worst States for Insurance

The R Street Institute published its first research project as an independent institution today, a report card of the insurance regulatory environments in each of the 50 states. The report card builds on a series of annual reports my colleague …

Jury: $181M to 3 Hurt in Illinois Grain Elevator Blast

A federal jury has sided against ConAgra Foods Inc. and a subcontractor in awarding roughly $181 million in damages to three workers severely injured in a 2010 explosion at a southern Illinois grain elevator. Omaha, Neb.-based ConAgra, one of the …

Fireman’s Fund Appoints Shanks as Underwriting Executive in Chicago

Fireman’s Fund Insurance Co. has appointed Eric Shanks to the position of senior vice president, personal insurance underwriting executive. Shanks will be based in Fireman’s Fund’s Chicago office. In his new role, Shanks will provide strategic and operational direction for …

Panel to Hear Illinois Trooper’s Workers’ Comp Appeal

A former Illinois State Police trooper whose high-speed crash killed two sisters is asking again for workers’ compensation benefits for injuries he received in the wreck. The Belleville News-Democrat reported the Illinois Workers’ Compensation Commissioners would hear an appeal from …

Worker Death Leads to $473K Fine for Illinois Manufacturer

A manufacturing plant in Illinois faces a fine of $473,000 after a worker died from chemical burns. The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Raani Corp. for failing to seek emergency medical treatment after a …

Illinois Governor Mulls Executive Order on Insurance Exchange

Illinois Gov. Pat Quinn may use an executive order to establish a health insurance exchange, a website where consumers could comparison shop for insurance that’s a key piece of President Barack Obama’s health care law, according to Quinn’s chief health …

Oak Street Funding, OPTIS Partners Form Strategic Partnership

Oak Street Funding, headquartered in Carmel, Ind., announced a new strategic partnership with Chicago-based OPTIS Partners LLC. OPTIS Partners is a small group of insurance and finance professionals with extensive insurance industry experience. The referral partnership provides new funding options …

Troubled Illinois Work Injury-Claim System Hit in Audit

Illinois’ troubled system for compensating injured state workers hands out money too readily, sometimes without medical evidence to back up a claim and occasionally paying benefits the hurt employee didn’t even seek, according to an audit released on April 25. …

American Westbrook Insurance Names Palmer Senior Plan Specialist

Jenny Palmer has joined Westchester, Ill.-based American Westbrook to head up the senior market segment focusing exclusively on Medicare Supplement, Medicare Advantage and prescription drug plans. Palmer will work with clients, sales professionals and strategic partners by providing them with …

Flick Appointed Chief Actuary at Monitor Liability Managers

Monitor Liability Managers LLC in Rolling Meadows, Ill., has added Daniel Flick as chief actuary. Flick is responsible for overseeing the pricing and reserving functions, working with senior leaders to set strategy, collaborating with all functional areas to ensure overall …