Illinois News

Medicus Adds Network Security Endorsement for Healthcare Providers

Medicus Insurance Co. has created an endorsement that gives insureds coverage for unintentional network security, billing, regulatory and privacy violations. The new endorsement is called Medicus Advantage Gold. The Medicus Advantage Gold endorsement has been added to all Medicus policies …

Ratings Recap: Am. Physicians, RenRe No. Am. (debt), Century/Brandywine, Ky. Growers

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians Assurance Corporation, the lead subsidiary of American Physicians Capital Inc. …

Federal Healthcare Reform Triggering Opposition by States

As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass laws to block the changes — a move that could lead to a legal battle over states’ sovereignty. Bills and …

Arthur J. Gallagher Acquires California’s Winn & Co. Insurance Brokers

Arthur J. Gallagher & Co. has acquired Winn & Company Insurance Brokers Inc. in Hollister, Calif. Terms of the transaction were not disclosed. Established in 1910, Winn & Company is a retail insurance broker offering risk management, commercial property/casualty, benefits …

Best Affirms Ratings of Farmers Insurance Group and Members

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt ratings on the outstanding surplus notes of Farmers …

Mississippians Told to Expect April Floods

The Mississippi River is starting its spring climb with forecasters predicting a rise of more than a foot a day beginning at midweek. The result could be another year of flooding in the Vicksburg area. “Right now, we’re looking at …

Wellness Programs Thrive at 2 Medium-Size Illinois Companies

Workplace wellness programs aren’t just for large corporations. Mechanical Devices Co. in Bloomington and the Town of Normal are among central Illinois medium-size businesses that have developed wellness programs suited to their employees and are reaping the dividends of healthier, …

Top 10 Internet Frauds and Top 10 States for Fraud Complaints

Online crime complaints increased substantially once again last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the Internet Crime Complaint Center, a partnership between …

As Weather Warms, Property Owners Urged to Buy Flood Insurance

Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on the Atlantic seaboard were hit with …

American Freedom Insurance Co. Ratings Upgraded

A.M. Best Co. upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of American Freedom Insurance Company of Arlington Heights, Ill. The outlook for both ratings has been revised to …