Illinois News

Arthur J. Gallagher Buys Wholesale Broker Continental, Marmorstein

Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …

Illinois Agents Call for Quick Action on Workers’ Compensation Reform

Independent insurance agents in Illinois are urging state lawmakers to pass workers’ compensation reforms in early January, before a new General Assembly will be sworn in. “The facts are alarming,” stated Todd Henricks, president of the Independent Insurance Agents of …

Arthur J. Gallagher Buys Ohio Benefits Broker Herbruck, Alder

Illinois-based global insurance broker Arthur J. Gallagher & Co. reports it has acquired Herbruck, Alder & Co., an employee benefit brokerage located in Cleveland, Ohio. Terms of the transaction were not disclosed. Founded in 1962, Herbruck, Alder & Co. specializes …

Willis Appoints Baechle as SVP of Illinois Surety Practice

Mark Baechle has been appointed senior vice president of Willis of Illinois Inc.’s Surety Practice, effective immediately. He will be responsible for managing the Surety operation in Willis’ Chicago office. Baechle will also be responsible for maintaining, developing and executing …

Texas Work Comp Enforcements for November Include Fines Up to $60K

Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for November 2010 include fines of up to $60,000. Final orders for November 2010: American Zurich Insurance Company of Schaumburg, Ill. Order Number: DWC-100100 Date …

Insurance Navy, Insure US Consolidating Services in Midwest

Chicago-based auto insurance provider, Insurance Navy, and business insurance provider, Insure US Corp, have agreed to consolidate their insurance offerings/services in the Midwest. According to the agreement, Insurance Navy will provide technical and marketing assistance, as well as policy underwriting …

Illinois Announces Disciplinary Actions for November 2010

The Illinois Department of Insurance announced it issued the following disciplinary orders for November 2010: Adele M. Cowell, Red Bud – Stipulation and Consent Order, effective Oct. 6, 2010. Cowell has been licensed to sell life, accident, health, property, and …

Illinois Program to Provide $5M in Loans for Small Businesses

New and existing small businesses can apply for $5 million in loans through an Illinois program aimed at creating and retaining jobs in urban areas. Illinois economic director Warren Ribley announced the Community Development Fund program Wednesday in Chicago. The …

Judge Orders $15M to Indiana Crash Victim’s Family

A federal judge has awarded $15 million to the family of one of four people killed in a 2005 crash on the Indiana Toll Road caused by a truck driver. District Judge Theresa Springmann found Net Trucking of Burbank, Ill., …

Texas Unemployment Insurance Tax Rates to Rise for 2011

The standard minimum unemployment insurance (UI) tax rate paid by Texas employers in calendar year (CY) 2011 will be 0.78 percent, up from 0.72 percent in CY 2010, the Texas Workforce Commission (TWC) announced. The taxes replenish the Texas Unemployment …