Illinois News

If Today’s Bid Fails, Next Likely Vote to Restart Flood Insurance: July 12

The future of the National Flood Insurance Program (NFIP) remains in limbo even as Hurricane Alex makes its way to the Texas coast today. Washington lobbyists say a vote could come today but if that doesn’t happen it could be …

Illinois to Keep Sharp Eye on High-Risk Insurance Pool

Illinois may be one of the first states to start providing health insurance in a new high-risk pool funded under national health overhaul, but enrollment will be limited, eligibility requirements tight and coverage may not begin until late summer. Illinois …

Asterisk Financial Launches Personal Guarantee Insurance

Asterisk Financial Inc. has introduced Personal Guarantee Insurance, a new insurance product that protects small-to-medium-size (SMB) business owners, or anyone who guarantees a SMB loan, against major loan-related losses. Loan guarantors – including business owners, commercial real estate investors and …

Illinois School District Insurance Cooperative Distributing First Dividend

Associated Risk Managers (ARM) of Illinois, based in Itasca, Ill., announced that the Prairie State Insurance Cooperative (PSIC) has presented its first dividend distribution at its Annual Members’ Meeting, just four years after the program’s inception. The school districts that …

Sorenson is New I.I.S. Chairman

The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …

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 reports Iowa, Illinois and New Hampshire are the only states without helmet laws, even to protect their youngest residents. …

Ryan Joins Hylant Group’s Employee Benefits Division in Chicago

Privately owned insurance brokerage, Hylant Group, has hired employee benefits industry expert Gates Ryan as client executive in its Chicago office. In this role, he will provide strategic consultation regarding all aspects of health and wellness benefits for individuals and …

Declarations

Waitress or Entertainer? “This really is the cornerstone of civil rights: You can’t discriminate based on appearance.” —Richard Bernstein, an attorney for two former waitresses in Michigan who said Hooters fired them because of their weight, told a newspaper the …

Storm Management

The Atlantic hurricane season forecasts are in and they aren’t pretty. All the major forecasters have predicted the season will be much more active than last season. The National Oceanic and Atmospheric Administration (NOAA) expects an “active to extremely active” …

Specialized Independence

Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8 million Other than P/C: $269.7 million 2009 Total …