Illinois News

Arthur J. Gallagher Acquires Illinois’ Premier Risk Services

Arthur J. Gallagher & Co. has acquired Premier Risk Services Inc. in Itasca, Ill. Terms of the transaction were not disclosed. Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial property/casualty and employee benefits insurance and …

Group Says Canadian Firm Unprepared for Spill Response in Midwest

A lack of equipment and personnel has left TransCanada unprepared to deal with a major spill of crude oil on its Keystone pipeline system, according to a report by a nonprofit environmental group. The 60-page report from Plains Justice says …

Feds Say Loren-Maltese Insurance Fraud Conviction Should Stand

Federal prosecutors say the fraud conviction of former Cicero, Ill., president Betty Loren-Maltese should stand, even after a U.S. Supreme Court decision on “honest services” laws. Loren-Maltese served 6 1/2 years in prison for fleecing taxpayers of more than $12 …

Report: New Jersey Motorcycle Deaths Drop

A new report shows a drop in deaths from motorcycle accidents in New Jersey — a change that’s good news for both riders and safety advocates. “I think it’s great,” Barbara Borowiec, a South Jersey motorcycle dealer, said of the …

Pre-Paid Funeral Services Controlling Officials Indicted

The U.S. Attorney’s Office announced the indictments of six controlling officials of National Prearranged Services Inc., in a 50-count indictment charging wire, bank, mail, and insurance fraud; money laundering; and multiple conspiracy charges involving the sale of pre-paid funeral services. …

Safety Officials Warn 13 Mines in 7 States

Federal regulators late Friday warned 13 mining operations in seven states, including two owned by troubled Massey Energy Co., to show improvement on safety or face stricter enforcement. The Mine Safety and Health Administration says a 14th mining operation, Massey’s …

Best Upgrades Ratings of Zurich’s U.S. Subsidiaries to ‘A+’

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of the U.S. subsidiaries of Zurich Insurance Company Limited (ZIC), including the lead company of …

A.J. Gallagher Acquires Behnke & Co.

Arthur J. Gallagher & Co. has acquired Behnke & Co. Inc., a retail insurance broker headquartered in Decatur, Ill. Terms of the transaction were not disclosed. Established in 1983, Behnke & Co. provides commercial property/casualty, employee benefits and risk management …

Illinois Wants Comments on Health Insurance Exchange

Illinois is seeking public comment on the structure, governance and financing of an online insurance exchange. Individuals and small businesses would be able to shop for health coverage through the exchange. The nation’s new health overhaul law requires the exchanges …

Mangold Named to Professional Liability Leadership Team at Markel

Markel Corp. has appointed Glen Mangold as managing director for its architects and engineers, agents and brokers, and lawyers product lines. He will be based in Deerfield, Ill., and will report to Gerry Albanese Mangold has more than 23 years …