The Supreme Court has turned away a new challenge to a 2005 law that gives gun manufacturers immunity from lawsuits by shooting victims. The justices this week refused to hear an appeal from Hector Adames Jr. to revive his lawsuit …
State Farm Insurance thinks it’s paying too much in property taxes in its hometown of Bloomington, Ill. If the company is right it could cost local schools and government millions of dollars. The Bloomington-based insurer says the assessed value of …
A.M. Best Co. has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) and issuer credit rating to “a-” from “a” of Florida-based First Colonial Insurance Company, both with stable outlooks. First Colonial’s ultimate parent is The Allstate …
Terry Morman has joined Ohio-based insurance brokerage Hylant Group as vice president of Carrier Relations. In this role he will be responsible for developing and managing strategic relationships with carrier partners and wholesalers for all of Hylant Group’s locations. He …
ESPN reporter Erin Andrews and the man accused of secretly making nude videos of her will come face-to-face next week in a Los Angeles courtroom when the Illinois insurance executive enters an expected guilty plea. “This entire process has been …
A professor at the University of Illinois at Chicago says it would be feasible for insurance companies to offer divorce insurance. J. Christopher Westland, a professor of information and decision sciences, says he began sketching out the actuarial tables for …
The Toledo, Ohio-based insurance brokerage Hylant Group has appointed Tony Evans as the new president of its Chicago, Ill., office. Evans will be responsible for the strategic direction, growth and profitability of the office. This includes the daily management of …
The U.S. Chemical Safety Board on Wednesday called a July explosion at Citgo Petroleum Corp.’s Corpus Christi, Texas, refinery “a significant near-miss” for a widespread release of highly toxic hydrogen fluoride (HF) into a community. “It’s a significant near-miss of …
Members of the National Association of Insurance Commissioners (NAIC) have elected their 2010 officers at their Winter National Meeting in San Francisco. The new officers are: President: West Virginia Insurance Commissioner Jane Cline; President-Elect: Iowa Insurance Commissioner Susan Voss; Vice …
The severity of injury and level of impairment — not the workers’ legal fees — have the most effect on payout for workers’ compensation claims among Illinois construction workers, researchers at the University of Illinois at Chicago School of Public …
