Federal law enforcement officials in Chicago report that a chiropractor, a medical doctor and a billing employee at a clinic in Maywood, Ill., have been indicted on federal charges related to workers’ compensation insurance fraud. The defendants are alleged to …
Property and casualty insurance provider Zurich named Scott Rasor as head of Zurich North America Commercial’s Construction group. Rasor previously served as senior vice president for Construction, specializing in residential and specialty risks. He will be based in Zurich in …
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …
The consulting and actuarial firm, Milliman, reports that the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase claim costs in that state. It’s thought that higher insurance premiums may result as well. State …
14.6% Auto thefts in Michigan in 2008 declined by 14.6 percent compared to 2007. Michigan’s H.E.A.T. (Help Eliminate Auto Thefts) said 2008 statistics — the latest year for which data is available — released by the Automobile Theft Prevention Authority …
New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market, which lasted for several years the last time it was tried. Insurance Superintendent James Wrynn said the exchange would help fill …
Lockton Dunning Benefits appointed Sheri Pixley to the newly created position of executive vice president and practice leader of the Dallas-based health and welfare practice. Pixley has been involved in consulting with employers on employee benefit programs for the past …
Top 100 Agency Profile Agency Name: Mesirow Financial Services Inc. Headquarters: Chicago, Ill. Year Founded: 1937 2008 Total Premium Volume: $1.4 billion Property/Casualty: $397.5 million Other than P/C: $1.0 billion % Commercial: 24% % Personal: 12% 2008 Revenues: $90.5 million …
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. Outbreak Extra Expense Market Detail: American Underwriting Managers offers a product designed to provide businesses …
The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again – but two of them say they won’t do it. Officials in New York, Illinois and Connecticut have agreed to amend agreements under which the …
