The American Bar Association says the Illinois Supreme Court was right in striking down as unconstitutional the caps on non-economic damage awards in medical malpractice cases. Insurer groups, however, say the decision will add to rising health care costs and …
The Illinois Supreme Court Thursday declared unconstitutional a 2005 state law that capped damage awards for a plaintiff’s pain and suffering at $500,000 against doctors and $1 million against hospitals. It was the second time in 13 years that the …
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 calls for New …
Great American Insurance Group’s Executive Liability Division (ELD), based in Schaumburg, Ill., appointed Synergy Professional Associates of Kinnelon, N.J., as its national production coordinator for Multi-Employer/Taft-Hartley Plan Fiduciary Liability Insurance. Great American’s ELD has been providing management liability insurance for …
Workers’ compensation costs per claim for medical care of injured workers in Illinois were among the highest of 15 study states one year after implementation of its first medical fee schedule effective 2006, according to a new study by the …
The 81-year-old former mayor of Niles, Ill., was sentenced to a year and a day in federal prison for taking thousands of dollars in exchange for steering businesses to a friend’s insurance agency. Nicholas Blase, who was mayor for 47 …
Thousands of State Farm Florida property insurance customers will be seeing notices in their mailboxes this week saying their policies will not be renewed, a company spokesman said. The first wave of notices will be mailed Monday to a selected …
Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies since inception and currently places approximately $350 million …
Reassured by jury’s unbiased decision Chicago, Illinois and Salt Lake City, Utah (January 27, 2010). Prime Insurance Syndicate, Inc. was successfully defended in a Hurricane Katrina lawsuit in the United States District Court for the Southern District of Mississippi. This …
Cincinnati-based insurance brokerage, Hylant Group, and the W Group, a privately owned firm offering employee benefit services, announced they have merged. The combined organizations will form one of the largest employee benefit firms in the Greater Cincinnati area. The W …
