Illinois News

Ex-Chicago Bear Scores Big With Workers’ Comp

Former Chicago Bears tight end Gabe Reid never caught a touchdown pass during his three-year National Football League career, but he has caught hundreds of thousands of dollars from the Illinois Workers Compensation Commission. Reid was awarded $325,000 after suffering …

10 Ten states with the most highway-rail grade crossing collisions will be required to develop action plans to reduce the number of accidents. Federal Railroad Administration is requiring Alabama, California, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Ohio and Texas to …

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. Oil & Gas Risks Market Detail: Towerstone Inc.’s energy practice has recently teamed with Hallmark …

Hanover Estimates $85 Million Catastrophe Loss for Q2

Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six significant events, including two severe hail and wind …

Peloso, Jr. Joins GJS Re

Los Angeles, 13 July 2010. Joseph Peloso, Jr. has joined GJS Re in Chicago as Assistant Vice President effective July 6, 2010. Peloso is responsible for producing and placing specialty reinsurance products as well as structuring insurance programs on behalf …

Illinois Set to Implement State-Based Licensing System for Producers

The Illinois Department of Insurance has announced that on July 26, 2010, it will implement the State-Based Systems (SBS) licensing system. SBS will allow producer licensing functions to be completed electronically through a Web-based system. Through SBS, an insurance producer …

Fraud Bureaus Report Sharp Rise in Fake Health Plans

Bob Harper thought he’d found a better health-insurance deal. The Oklahoma man bought coverage from an outfit called American Trade Association (ATA). The price seemed affordable, and he thought he’d save decent money while maintaining a solid healthcare safety net. …

10 Most, Least Affordable States for Car Insurance

26 An investigation into a salmonella outbreak in May has expanded to 26 Illinois counties. The Illinois Department of Public Health reported that 80 people got sick after eating in Subway restaurants. Officials said the people who got sick range …

Accidents Bring New Calls for Helmet Law in Iowa

A recent spate of motorcycle accidents have prompted renewed calls for an Iowa helmet law. The Insurance Institute for Highway Safety reported Iowa, Illinois and New Hampshire are the only states without helmet laws, even to protect their youngest residents. …