Illinois News

Insurance Hall of Fame in Michigan to Induct 3 Executives

The Michigan Insurance Hall of Fame will honor three leaders in the insurance industry at the seventeenth annual induction ceremony of the Michigan Insurance Hall of Fame on August 18 on the campus of Olivet College. New inductees for 2010 …

Hylant Group Adds Iwanski to Employee Benefits Practice

Hylant Group, a privately owned insurance brokerage firm headquartered in Ohio, has hired Jackie Iwanski as manager of Health and Wellness Strategies in the firm’s Employee Benefits Practice. Iwanski will develop a series of interactive health and wellness programs, establish …

Q1 Operating Earnings for RLI Dip Slightly From Previous Year

Peoria, Ill.-based property and casualty insurance company, RLI Corp., reported first quarter 2010 operating earnings of $20 million compared to $22.5 million for the first quarter of 2009. The company had an underwriting income of $12.7 million and a combined …

Business Moves

Northern Capital Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. Agents and the company’s 70,000 policyholders are being advised to cancel their Northern Capital policies and seek new coverage …

People

Wells Fargo Insurance Services has named Wayne Marchant as senior vice president and Southeast region healthcare practice leader. He will be based in Savannah. Prior to joining Wells Fargo Insurance Services, Marchant was vice president and chief risk officer, corporate …

Illinois Injured Worker Prescription Drug Costs Lower Than Study Median

The payment per claim for prescription drugs used to treat injured workers in Illinois was slightly lower than in most study states, according to a new study by the Workers Compensation Research Institute (WCRI). The 16-state study by the Cambridge, …

Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case

A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …

Illinois Gov. Signs Bill Creating Tax Credit for Small Businesses

Illinois Governor Pat Quinn has signed a bill into law that that is expected to boost Illinois’ economy by creating up to 20,000 jobs over the next year at small businesses across the state. Senate Bill 1578 creates the Illinois …

Universal Casualty May Sell Auto Insurance in Missouri Again

The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a cease-and-desist order against Universal Casualty in June …

Zanoni Joins Arthur J. Gallagher Risk Management Services

Itasca, Ill.-based Arthur J. Gallagher Risk Management Services Inc. (AJGRMS), the retail property/casualty (P/C) insurance brokerage division of Arthur J. Gallagher & Co. (Gallagher), has hired William Zanoni as a senior vice president in the Midwest Region. Zanoni will supplement …