Illinois News

USI Acquires Illinois-Based Euclid Insurance Retail Business

USI Insurance Services (USI), headquartered in Briarcliff Manor, N.Y., has acquired the Euclid Insurance retail property/casualty and employee benefits division (Euclid Retail Business) from Euclid Insurance Services Inc. The Euclid Retail Business, based in Itasca, Ill., is expected to contribute …

FEMA Begins Survey of Illinois Tornado Damage

The Federal Emergency Management Agency on March 5 began surveying the damage from tornadoes and other severe weather that roiled southern Illinois last week, starting in the small town of Harrisburg, where six people were killed and 100 injured by …

Beazley Adds Lamberg to Private Enterprise Underwriting Team

Beazley Group has appointed Sarah Lamberg to the U.S. Private Enterprise underwriting team, strengthening its commitment to small businesses in the technology industry. She is based in Chicago. Lamberg joins Beazley with nine years of experience in professional liability insurance. …

Illinois Officials to Promote Weather-Radio Use

Illinois officials are urging residents to prepare for the threat of severe weather that accompanies the spring season. This year authorities will highlight the usefulness of weather-alert radios. Jonathon Monken is the director the Illinois Emergency Management Agency. He will …

Sen. Durbin Announces Funds for Illinois Fire Departments

U.S. Sen. Dick Durbin has announced a nearly $1.4 million federal investment in five Illinois fire departments. The funding will help boost the capability of each department in responding to fires and other emergencies. The senator said it’s necessary to …

Prairie State Insurance Cooperative Expands Board

The Prairie State Insurance Cooperative (PSIC), based in Itasca, Ill., has appointed two new board members, growing the board from seven to nine members. Dr. Julie Ann Fuchs, assistant superintendent for business at the Kaneland Community Unit School District #302, …

Illinois Governor Defends State after Caterpillar CEO Blasts Jobs Climate

Gov. Pat Quinn defended the state’s business climate on Feb. 12 after the head of Caterpillar Inc. blasted state political leaders in a published column for not doing enough to grow business and jobs in Illinois. The comments from the …

American Westbrook Insurance Launches Private Health Insurance Exchange

Westchester, Ill.-based American Westbrook Insurance announced it has launched a national private health insurance exchange. The individual insurance exchange serves members in more than 40 states and offers products and services from more than 15 insurance companies, the company’s announcement …

Arthur J. Gallagher & Co. Acquires ProSource Financial

Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed. Founded in 1986, ProSource Financial LLC is an employee benefit insurance broker that offers a full range of group employee …

State Farm Plans to Hire 3,000 Employees

Illinois-based State Farm Insurance said it will hire 3,000 people across the U.S. and Canada, filling many positions left empty during the recession, and add 900 agents. The news follows an announcement by Chrysler that it will add almost 2,000 …