Illinois News

Ohio Insurance Institute: State’s Insured Losses from Ike – $1.255B

For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …

Texas Approves 16 Companies to Self-Insure for Workers’ Comp Claims

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved one initial application and 15 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These …

Indiana Insurance to Expand School Program in Iowa

Indiana Insurance, a Liberty Mutual Agency Markets regional company, is expanding its school marketing efforts in Iowa. Indiana Insurance currently insures more than 1,100 public districts, private and charter schools across its nine state Midwestern operating territory. Indiana Insurance tailors …

It Figures

$412 Million Dog bite claims cost the insurance industry $412 million in 2009, an increase of 6.4 percent from 2008. Dog bites account for more than one-third of all homeowners insurance liability claims paid out in 2009, according to the …

People

Ohio-based Westfield Insurance Group selected James R. Clay as its next group leader and CEO. Clay currently serves as insurance leader and president. He has served the company for more than 30 years in numerous capacities. Clay will replace Robert …

People

Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co. Inc. (SSIC), a homeowners insurance writer in Florida. Korducki succeeds John E. Rogan who is retiring after leading the company …

Fee Schedule Slowed Growth of Illinois Injured Workers’ Medical Costs

Medical costs per workers’ compensation claim in Illinois showed slower growth in 2007 following implementation of the medical fee schedule in 2006, according to a study from the Workers Compensation Research Institute (WCRI). The study, Monitoring the Impact of Illinois …

Texas’ July Enforcements Include Nearly $500K in Fines, Restitution

Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits

The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined the original plaintiff Monday in the lawsuit, which …

Regions Financial Offering Personal Lines Insurance in 5 States

Alabama-based Regions Financial is expanding access to personal lines insurance for its bank customers in Tennessee, Indiana, Illinois, Iowa and Virginia. Customers will be able to purchase homeowners, renters, automobile, recreational vehicles, motorcycles, watercraft and specialty insurance products for personal …