Illinois News

Mercury Insurance Cuts Calif. Auto Rates About 10%

Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or more, a new group affiliation discount for university alumni, and the inclusion of 24-hour roadside assistance for auto …

Two Charged in 6-Year Fraud Scheme Against Insurance Agent Group, MDRT

Bond has been set at $1 million for two Illinois men charged with bilking an insurance industry association out of more than $1 million in a scheme that spanned six years, officials said. The allegations involve an information technology manager …

Deaths, Injuries Among Midwest Grain Workers Hit Record

Accidents in grain silos, storage bins and other facilities killed and injured a record number of workers through October this year, a study by Purdue University showed. The study showed 46 deaths and/or injuries so far in 2010, exceeding the …

Inside the Disaster Blaster

Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions once and for all: The insurance industry is ecstatic because …

Inside the Disaster Blaster

Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions once and for all: The insurance industry is ecstatic because …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

Illinois Workers’ Comp Commissioners Assigned to Panels

The chairman of the Illinois Workers’ Compensation Commission announced commissioner panel assignments that become effective Jan. 1, 2011. Chairman Mitch Weisz realigned two panels: Panel A will consist of Commissioners Donohoo, Lamborn and Mason; Panel B will consist of Commissioners …

Crop Bounty Spurs Construction Boom at Midwest Grain Elevators

A construction boom has been under way at grain elevators across the Great Plains, where farmers have grown more corn and opted to keep more of the grain to meet the demand from ethanol plants. Storage capacity at the nation’s …

Texas October Enforcement Actions Result in $1M in Fines, Restitution

The Texas Department of Insurance enforcement actions for October 2010 include seven license revocations, and fines and restitution totaling $1,045,697. An order imposing disciplinary measures becomes final 20 days after the individual or entity has received notice of the order …

Zurich in Alliance with Italy’s SACE to Promote Global Surety Business

Zurich North America announced from its Illinois headquarters that its International Surety, Credit & Political Risk group has executed an alliance agreement with SACE, Italy’s insurance and financial group controlled by the Italian Ministry of Economy and Finance. ‘The agreement …