Consulting and actuarial firm Milliman Inc. says a study it conducted in response to the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase overall claim severity in such cases by an average of …
Brick Street West Virginia-based BrickStreet Mutual Insurance has been approved to write workers’ compensation insurance in Illinois. The move continues an expansion drive for the company, which was approved to write workers’ compensation coverage in Kentucky last year. BrickStreet said …
The Illinois Supreme Court in early February ruled that an Illinois law enacted in 2005 that capped non-economic damage awards in medical liability cases is unconstitutional. The American Bar Association says the Court was right in striking down the law, …
3.8 The magnitude of a small pre-dawn earthquake that hit northern Illinois on Feb. 10. The Illinois State Geological Survey (ISGS) said the earthquake was felt in eight states and was reported by more than 10,000 people. The epicenter was …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls …
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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …
Insurance regulators in Illinois are encouraging residents to review earthquake insurance policies after a small quake was recorded in the state recently. The 3.8-magnitude earthquake surprised northern Illinoisans Feb. 10. It hit about 45 miles northwest of Chicago at 4 …
For the first time in Texas Automobile Insurance Plan Association (TAIPA) history a public member has been elected to lead the organization’s board. Long-time Board member Bill Jeter, of College Station, Texas, was unanimously elected to head the association’s governing …
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 …
